Litecoin Price Forecast and Analysis – August 28, 2017

Published here: http://www.profitconfidential.com/cryptocurrency/litecoin/litecoin-price-forecast-analysis-august-28-2017/

It’s no wonder that LTC prices hit an all-time high on Monday. As explained in our previous Litecoin price forecast, investors are unraveling their post-fork positions in Bitcoin and dumping some money back into second-rung cryptocurrencies like LTC and XRP.

This is evident in Litecoin’s depreciation against Bitcoin right after the fork. At the time, one LTC coin was trading between 0.015 and 0.016 BTC coins, a significant premium to the LTC/USD exchange rate. It later fell to 0.01000650 BTC.

The rubber hit the road on around August 15, and since then, the “silver to Bitcoin’s gold” has been on the rise, scoring net gains on a pretty regular basis.

Yesterday, for.

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