Litecoin (LTC) Sees Bullish Sentiment, Can it Rise to $1,000?

LTC prices are rock-steady, but talks of a breakout have been heard more often recently.

Christine Masters,
Just Now


The Litecoin Foundation, as well as Charlie Lee, have shown they are not going to attempt manipulating the LTC price, or cause panic buying. The popularization comes through seeking spending possibilities for LTC. The relatively stable price is ideal for that reason, but some investors are getting tired of the sideways drift.

Additionally, the Litecoin hashrate has almost tripled in the first quarter of 2018, signifying that “miners follow the money”. The addition of new mining hardware is making the LTC network more secure. Unfortunately, Litecoin transactions have also been flat, related to the price stagnation. At the same time, Bitcoin (BTC) and Ethereum (ETH) transactions have picked up. Litecoin actively competes with Bitcoin Cash, and for now, the LTC network is handling more transactions compared to the BCH network.g