Litecoin Price Forecast – LTC Soars Almost 11% on South Korean Trading

Published here: https://www.profitconfidential.com/cryptocurrency/litecoin/litecoin-price-forecast-ltc-soars-almost-11-south-korean-trading/

We have good Litecoin news today, which seems strange. LTC has had a long cold streak...

The Litecoin to USD exchange rate appreciated 10.68% on Wednesday morning, finally breaking past the crucial $60.00 threshold. It reached $62.72 at the time of writing.

It was a major price movement for the downtrodden currency. Litecoin prices have lagged behind Bitcoin despite most investors calling it the “silver to Bitcoin’s gold.”

By its nature, this comparison to precious metals should imply that LTC and BTC trade at a steady ratio. In other words, if Bitcoin prices surge, investors will arbitrage the difference until Litecoin prices also surge.

Gold experts call this the.

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