Today’s Litecoin Price Analysis: LTC Crosses a Major Milestone & Jumps to the 4th Spot
As the crypto market turns green, Litecoin is enjoying a good surge as well as it trades at $61.55 with 24-hours gains of close to 7 percent. In the BTC market as well, LTC is up by 3.27 percent, as per the data provided by Coinmarketcap.
As we reported previously that Litecoin can takeover the place of EOS, today as market registered gains, Litecoin actually defeated EOS. Currently, with a market cap of $3.7 billion, Litecoin is at the fourth spot while managing the daily trading volume of more than $2 billion.
Since hitting it yearly low in mid-December in tandem with the leading cryptocurrency, Bitcoin, Litecoin has been constantly on the rise. From about $23, it has surged about 165 percent in the last three months.
LTC price chart, Source: TradingView
It’s not only the Litecoin price that has surged but the subreddit community of Litecoin is also growing. Initially launched in late 2012, the community has today achieved a major milestone as its subscribers crossed the 200,000 mark. This figure is about ten fold of the number registered about 2 years ago.
As per the data provided by subreddit stats, the Litecoin subreddit is now the 942 largest subreddit on the site that on a daily basis publishes about 15 new posts. Globally, it has a ranking of ~4,000.
As can be seen in the chart, in the last two years, after the cryptocurrency price hit their peak, the subscribers increased exponentially. These past two years that have been primarily a bear market saw rising interest and attraction from the public.
When it comes to general engagement, it is ranked at around 1,300 and ranks at about 730 for active participants who comment and take part in open discussions.
The active participation in discussion shows that the market is not all about speculation but also longer term interest in the space that continues to build.
u/CBDoctor and u/ecurrencyhodler are among the most active moderators who are frequently posting and sharing the latest news about Litecoin. u/CBDoctor is also the top poster by score keeping the community for 200k subscriber updated about all things related to the digital asset and keeping the community free from the spams.