The crypto industry is facing global success and Litecoin is the latest addition to the trend. LTC last hit a market value of $ 383,819 on Investing.com. The growth rate for the crypto at this point was 10.67% and it is maintaining momentum.
LTC made headlines by breaking its all-time high in market cap of $ 23.701 billion. Its recent growth helped Litecoin reach a market cap of $ 25.140 billion. The amount equals a whopping 1.03% of the world’s total crypto market cap.
Over the past 24 hours, the price of Litecoin has fluctuated between $ 334,673 and $ 383,819. The previous week was golden for crypto as it posted a market growth of 40.84%.
During that period, LTC traded between $ 268.6 and $ 383.819. The 24-hour trading volume for Litecoin is $ 9 billion, which is 3.74% of the cumulative trading volume of the cryptocurrency market.
These stats make Litecoin one of the most profitable cryptocurrencies right now as BTC and ETH are both struggling a bit. BTC is down 1.17% while ETH is 0.57% in the market.
But even such big strides are not enough to bring LTC to its all-time price of $ 420. Litecoin already reached the price in 2017; However, given the recent surge, crypto could soon break the record.
Litecoin Price Prediction: Will LTC Reach $ 500 This Month?
Given how LTC is currently leading the crypto cycle, numerous experts fit theirs Litecoin price prediction. The most surprising yet achievable data came from CoinMarketCap.
While the platform doesn’t directly predict that LTC will hit the mark, it does hint at performance. Litecoin is fast approaching its all-time high, and May 2021 could be the month it does.
Litecoin is on the rise with a market growth rate of 10.67% and a market value of $ 383.81. Recent growth makes it one of the most profitable investments out there. Some even predicted that crypto would hit $ 500 in May 2021. Will crypto hit the mark? Given its rapid surge, Litecoin could make this possible.