The first quarter of 2019 has seen the crypto bears and bulls get in and out of spats, but there’s something very outstanding about one cryptocurrency in particular: Litecoin. The developments surrounding Litecoin have not only elicited much interest but also put the crypto on the path to glory.
Within the first 3 months of 2019, Litecoin’s price has shot up from around $30 to about $60. That’s a whole 100% increase. Even more interesting is how this has been possible amid one of the toughest crypto winters. While other coins have been fighting off bears, Litecoin seems to have been very okay riding on the bulls.
The Bears Aren’t Done But Something Is Cooking
At the moment, the crypto market in general seems to be recovering from the wounds inflicted by months of bear attacks. Bitcoin has finally found a footing at just around $4,000, although there’s still some resistance. Many crypto traders and analysts are of the opinion that if Bitcoin can find its way past the $4,200 market, good things might be in store as the bulls could break out.
However, the fact that the bear market isn’t officially over doesn’t mean it won’t be. As a matter of fact, the current crypto atmosphere feels promising, especially during a year in which much is expected to be happening.
Is It The Altcoin Season?
A good number of crypto players believe the incoming crypto spring is largely an altcoin season, with many of the top altcoins gaining in value. Of these, Litecoin stands out as the biggest beneficiary. Some of the good factors that make Litecoin attractive for mainstream adoption is its cheap and fast transactions.
Besides that, Litecoin’s halving is expected to happen soon, and that’s an occurrence that’s been known to always bring with it a good boom. In that case, Litecoin seems poised for a larger boom, and one that could drag the whole altcoin market with it.