Litecoin rises by 20% and reaches the highest point in six months

Litecoin price is up more than 20 percent today. As a result, the currency today reached its highest point in half a year.

LTC price rises by 20%

The Litecoin price is at the time of writing around $253. With a market cap of $17.3 billion, LTC is the 13th largest cryptocurrency in the world.

Litecoin’s stunning price appreciation drew inspiration from the strong performance of the two largest cryptocurrencies, data shows. Bitcoin price rose to its all-time high of $68,500 last night and Ethereum also reached an ATH of just over $4,840.

Is Litecoin going to hit the $300 soon?

Still, it is striking that LTC shows such a huge price increase today. As a result, data from Messari shows that there is an increase in capital migration from Bitcoin to Litecoin markets.

For now, the technical analysts also appear to be bullish for the altcoin. When the Litecoin price manages to break through the $250 barrier with force, it seems likely that it will soon also reach the psychological $300 level.

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