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Litecoin (LTC) is outlasting its competitors through strategic partnerships

Litecoin is a blockchain based peer-to-peer digital currency enabling online payments. Founded by Charlie Lee in 2011 as an open, decentralized transaction platform, the system operates on the Bitcoin model and enables fee-less transactions without any middlemen intervention. The crypto, LTC, has made significant progress in the last 2 years with strategic partnerships and acceptance as a mode of payment by many renowned players in the global market. The founder believes that the coin has been successful, but the best is yet to come as the crypto market gains more popularity from the key influencers and decision makers in the business space.

Current Statistics

The ROI of the Litecoin is currently 1,575.40%. The market cap of Litecoin (LTC) is 4,459,545,105 USD as on April 26, 2019 at 10:49:00 UTC. The price is 72.51 USD & 0.01374 BTC. The 24 h volume is recorded at 3,144,166,117 USD. The circulating supply is 61,503,184 LTC which is equivalent to the total supply. The maximum supply of LTC is 84,000,000 LTC. According to the CoinMarketCap, Litecoin is ranked 5th in the top 100 cryptocurrencies and trailing Bitcoin cash with a very marginal difference in market cap.

Comparison

In the past 30 days, the highest price was recorded at 97.50 USD, and the lowest was 60.21 USD. The pattern has deflected somewhat in the last 7 days with the highest being 83.19 USD and the lowest being 70.19 USD. The 24 hour low had reached 70.19 USD and highest at 74.51 USD. The uptrend of over 18.30% is expected to continue in the coming quarters. As on March 30, 2019, the market cap is 3,744,936,534 USD, the price was trading at 61.29 USD & 0.01492541 BTC. The 24 h volume was 1,969,986,097 USD.

Prediction

The year 2019 began on a high note for Litecoin as it inked some key partnerships. The collaboration with GLORY kickboxing allows fans of the league to pay through LTC, official currency of the league as per the partnership, for the merchandise. This has brought Litecoin closer to the potential users and will successfully increase the customer base of the crypto. Additionally, the team also partnered with C&U’s K-Pop production for the concert at the George Mason University on April 6. The partnership allowed the purchase of tickets and amenities to attend the concert in a VIP manner. Last year during December, the news of LTC being the first of its kind sponsor of Ultimate Fighting Championship (UFC 232) broke making the crypto climb up the coin ladder faster. Keeping all this in mind, the price can be expected to surge as high as 200 USD in the next 2 years and over 450 USD in the next 5 years.

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