Litecoin Price Holding

On October 11, the litecoin price was still reeling from a weekly decline that had dropped the coin’s value from ~1,150,000 satoshis to 1,034,500.

The decline continued until October 13, when the litecoin price dropped below 100,000 satoshis.

Luckily, that price floor was temporary. On October 14, the litecoin price began increasing, which it continued to do throughout the week. By October 15, the litecoin price had risen to 1,026,192 satoshis. It continued to rise, hovering around 1,04,500 satoshis for the next 48 hours. The litecoin price declined a bit on October 17 but recovered to its current price of 1,038,756 satoshis on the 18th.

Analysis

Somewhat surprisingly, Litecoin has failed to reclaim the second-place spot from Ripple, who passed Litecoin on the charts in late September. At press time, Litecoin had a market cap of $134 million, placing it third on the CoinMarketCap charts. Although litecoin is not the sexiest altcoin investment and has endured recent declines, it consistently remains among the most valuable coins on the market cap charts. Investors should consider litecoin a safe long-term hold–at least relative to other potential altcoin investments.

source: https://www.cryptocoinsnews.com/litecoin-price-holding-steady-dip/

Litecoin Price Holding