- Litecoin (LTC) price recently pumped by 12.23 percent
- This is the largest one-day percentage gain from the altcoin since May 5
- Litecoin investors show confidence in this “lite” version of Bitcoin
This movement pushed Litecoin’s market capitalization to $20.351B. This is almost 1 percent of the entire crypto industry’s market cap.
Aside from this, the 12 percent gain is the largest one-day percentage gain from LTC since its gains back on May 5. This new development may finally prove the analysts’ predictions of LTC surging to a new high of $500. Back then, Crypto analyst Lark Davis showed his excitement and tweeted, “#litecoin finally taking off!”
In an analysis recently...
This article was first published on coinquora.com
