Litecoin has been making massive headway over the past few weeks.
The cryptocurrency – a primary competitor to bitcoin and the sixth-largest digital asset in the world by market cap – has struck gold by beating all previous resistance levels set forth following its December 2017 mega rally. At that time, Litecoin was trading for over $400, though like most cryptocurrencies, it fell deeply in the red following the bearish conditions of 2018.
Litecoin Picks Itself Back Up
Since then, it has struggled just to reach the $100 mark, though just two days ago, Litecoin did just that. After breaking $80, the currency went on to hit $87, $90 and then $100 respectively in what’s been a steady bull run that’s comparable to both bitcoin and Ethereum.
Grayscale Investments – a service platform that provides traders access to most major cryptocurrencies – recently announced it would be increasing its total Litecoin fund from 1.8 percent to approximately 3.3 percent. Clearly impressed…
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