With the recent increase in the value of most digital currencies in the market, digital currency enthusiast and the founder of Litecoin (LTC) believes that the value of Litecoin (LTC) will get to the $400 mark soon. This came as a result of the enormous amount of effort both the founder and the Litecoin (LTC) team are putting into the digital currency.
A few months ago, Litecoin (LTC), as well as other digital currencies in the market, suffered a significant amount of decline in value, and at some point, Bitcoin (BTC) even traded below the $6k mark. At the moment, the tables are turning, and a lot of digital currencies are recovering very fast.
The recovery in the value of digital currencies including Litecoin (LTC) gave renewed hope to traders, investors, and operators. The founder of Litecoin (LTC) – Charlie Lee, is reiterating the optimism of Litecoin community, and he has tried his possible best to appease the community to have faith in the digital currency, as they are working very hard to change the fortune of the digital currency.
Litecoin (LTC) Price Today – LTC / USD
At the time of writing, Litecoin (LTC) is trading at $85.18 after an increase of over 2.5 percent in the last twenty-four hours. Litecoin (LTC) has a market cap of $4.9 billion and a trading volume of $264.94 million over the past twenty-four hours.
Litecoin’s Latest Partnership
About a week ago, Litecoin (LTC) went into a partnership with TokenPay, a collaboration that resulted in the establishment of Litecoin Foundation – a firm that recently bought 9.9 percent stake in WEG Bank. TokenPay transferred its stake in the bank to Litecoin Foundation in exchange for the technical assistance of the Foundation in advancing the plans of the bank to offer customers digital currency payment solutions.
With lots of developments around the coin, industry experts of the opinion that the effort of Charlie Lee might take the coin to a greater height in no distance time.