Litecoin Set to Approach $200 in Monster Rally

Due to the recent hype of Bitcoin earlier this week, Litecoin (LTC) has reacted with a massive run of its own. The cryptocurrency is now approaching a 100 percent price increase just 24 hours after Bitcoin cooled down.

Impactful surge of Litecoin

The price of Litecoin is quickly heading for $200 USD, marking LTC as the sixth largest market capitalization at almost $9 bln.

Recently, there was some concern that a “flippening” would take place, with Bitcoin Cash threatening to overtake Bitcoin’s place as the leading cryptocurrency. However, if present trends continue, a different type of flippening may occur with Litecoin’s market cap potentially eclipsing that of BCH.

Litecoin supports Bitcoin

Litecoin has historically played a fundamental role as a tester for Bitcoin, implementing potential BTC additions in a smaller, more controlled environment to see how successful they may or may not be.

Litecoin’s creator, Charlie Lee, has maintained a supportive attitude toward Bitcoin, and it’s logical to suggest that Litecoin will not stray from its role anytime in the near future.


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