Litecoin Price Hits Record High Amidst Very Solid Cryptocurrency Market

The price of the virtual currency Litecoin reaches an all-time high of $87 per token on as of press time, amidst the sustained solid performance of the cryptocurrency market. It is projected that the price of the digital currency could even surpass the $100 level before the year ends.

The trading of Litecoin has reached almost $381 mln in a 24-hour period across all trading exchanges. This shows that the digital currency is moving towards it all-time high as Bitcoin surged past $9,000.

The majority of the Litecoin trading volume was dominated by the exchanges GDAX and Bitfinex, outperforming cryptocurrency exchange Bithumb. The trading data also showed that there are three fiat currency trading pairs among the top three, signifying that there is new capital entering the digital currency market…

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