Litecoin Dominates the Alternative Market - Will it Break $100 Soon?

Table of Contents

• Litecoin

So many alternative cryptocurrencies have had quite a strong start to 2020. With the market kicking off with a bang, a lot of digital assets performed as expected in regards to the many developments that are going on throughout the year. The bitcoin halving being one of the most exciting events in the crypto industry to date.

There are several different alternative digital assets such as Tron, Ethereum and Cardano which are all having a bullish year in regards to the value and behind-the-scenes action. Despite the loss that a lot of assets experienced over the last few days, one specific currency has been able to stand out amongst the crowd.

Litecoin

Litecoin is just one digital asset that seems to have given many experts the confidence that it will be able to break the hundred dollar mark within five months of this year. After it experienced its halving in August last year, there were many analysts who would expect it to have a positive impact on the price, however, the coin lost around 60% of its value during this time.

The tourism-related industry is where Litecoin strives. It is now one of the most widely accepted cryptocurrencies by many travel and accommodation service firm. This is a massive development not just for the crypto industry but for mainstream adoption too. This is further added by the potential that LTC as a payment method, further strengthens its underlying design which is to facilitate payment on a global scale.

At the start of 2020 though, LTC started the year trading at just over $40 and gradually made his way to the current price of around $71.

It will be interesting to see how this plays out. For more news on this and other crypto updates, keep it with CryptoDaily!