Litecoin price recovers to above $100
People who invested in Litecoin were definitely happy to find out that the cryptocurrency has managed to recover and is currently above $100 once again. Volatility is without a doubt still describing the cryptocurrency market and all altcoins had some interesting moments these days. Now, the ones that experienced a price decrease seem to make a comeback.
Litecoin's price affected by Bitcoin's evolution
Litecoin's price was affected by the increase in the price of Bitcoin, which at one point managed to be as high as $19,000. Exchanges were not ready for this growth and Bitcoin suffered a fall soon after. Of course, all altcoins, including Litecoin were affected. But, luckily for Litecoin investors, this did not last for long.
The price of Litecoin is making a comeback, after a small pushback. When it comes to this cryptocurrency, it is important mentioning that Litecoin has actually been the most stable of all altcoin markets in the past few days. Litecoin fall back to $92.77, but managed to grow to over $100, and currently it is valued at $124 on Coin Market Cap.
This does not mean that changes cannot occur in the nearby future, as the cryptocurrency market is described by a very high volatility. The price of Bitcoin has not been stabilized yet and if it will continue to change a lot, it will definitely impact all altcoins.