Litecoin’s “Chickun” Awakens as LTC Price Heads Toward $40

The past 48 hours have been rather impressive for Litecoin to say the least. Now that Bitcoin and Ethereum are stuck in sideways limbo action, other coins are gaining a lot of interest. Litecoin is one of those currencies, which results in a hefty value increase. Right now, one LTC is valued at $38.2, and it seems the trading volume is still picking up the intensity as we speak.

Litecoin’s Chickun Has Risen

Many Litecoin enthusiasts refer to the currency as either a rock or a “chickun.” As most people are well aware of, chickens don’t fly all that well. Litecoin’s chickun may be an exception in this regard, as the currency is soaring to new highs as of right now.  That is rather remarkable, as very few people expected an LTC price increase at this point in time. Then again, the price has been somewhat suppressed for quite some time now.

With over $1 billion trading volume in 24-hours, one cannot deny the success of Litecoin right now. Unfortunately, we have seen several LTC price rises over the past few months, which never lasted all that long. It is unclear if this new upward trend will be sustained in the long run, though. If the trading volume stays as high as it is right now, things are looking quite good for Litecoin.

It is always interesting to see where this sudden increase in trading volume is coming from. According to Coinmarketcap, the Chinese and Korean cryptocurrency traders are pushing the LTC value to over $42.5 right now. The first non-Asian exchange on the list is Poloniex, which values LTC at $38.5 right now. It also appears GDAX and BTC-E are bringing in some nice USD trading volume, which is always good to see.

The bigger question is why this price increase is happening right now. It is evident the Bitcoin network has a lot of issues to work out. The looming chain split on August 1st has many people concerned, which is understandable. It is possible a chain split could hurt Bitcoin’s market position and another cryptocurrency may overtake it. Many speculators feel Ethereum will be the currency to do so, but it may very well be Litecoin. It is equally possible nothing major will happen to Bitcoin’s market position, yet it is too early to make any accurate predictions.

The Litecoin community is quite happy about this price increase, which is the to be expected. It is good to see the currency finally get some of the positive attention it deserves. Things have been looking good for Litecoin, ever since they enabled Segregated Witness and Charlie Lee left Coinbase to focus on the digital silver. Things could get very interesting come August 1st, that much is evident. It will be intriguing to see this upward momentum can be sustained until that period, or whether this is just a brief price pump like the previous times.

If you liked this article, follow us on Twitter @themerklenews and make sure to subscribe to our newsletter to receive the latest bitcoin, cryptocurrency, and technology news.

74 Comments

  1. Coinspring June 17, 2017
  2. Riley Lee Hamilton June 17, 2017
  3. David Dee June 17, 2017
  4. Frank van der Meer June 17, 2017
  5. gg June 17, 2017
  6. Pheasant_Plucker June 17, 2017
  7. Ike Bentley June 17, 2017
  8. Johnny June 17, 2017
  9. Johnny June 17, 2017
  10. Johnny June 17, 2017
  11. Johnny June 17, 2017
  12. sean lancaster June 17, 2017
  13. Coinspring June 17, 2017
  14. Coinspring June 17, 2017
  15. Coinspring June 17, 2017
  16. Coinspring June 17, 2017
  17. Johnny June 17, 2017
  18. Johnny June 17, 2017
  19. Johnny June 17, 2017
  20. Johnny June 17, 2017
  21. Coinspring June 17, 2017
  22. Coinspring June 17, 2017
  23. Coinspring June 17, 2017
  24. Coinspring June 17, 2017
  25. Johnny June 17, 2017
  26. Johnny June 17, 2017
  27. Johnny June 17, 2017
  28. Johnny June 17, 2017
  29. Litecoin Long June 17, 2017
  30. Johnny June 17, 2017
  31. raden23 June 17, 2017
  32. Coinspring June 18, 2017
  33. Coinspring June 18, 2017
  34. Coinspring June 18, 2017
  35. Coinspring June 18, 2017
  36. Coinspring June 18, 2017
  37. Johnny June 18, 2017
  38. Johnny June 18, 2017
  39. Johnny June 18, 2017
  40. Agent Smith June 18, 2017
  41. Johnny June 18, 2017
  42. Coinspring June 18, 2017
  43. Coinspring June 18, 2017
  44. Coinspring June 18, 2017
  45. Coinspring June 18, 2017
  46. Coinspring June 18, 2017
  47. Johnny June 18, 2017
  48. Johnny June 18, 2017
  49. Coinspring June 18, 2017
  50. Coinspring June 18, 2017
  51. Johnny June 18, 2017
  52. Johnny June 18, 2017
  53. Johnny June 18, 2017
  54. Johnny June 18, 2017
  55. Yas June 18, 2017
  56. Yas June 18, 2017
  57. given james June 19, 2017
  58. given james June 19, 2017
  59. Coinspring June 19, 2017
  60. Johnny June 19, 2017
  61. given james June 19, 2017
  62. lilian amaro June 19, 2017
  63. Johnny June 20, 2017
  64. Johnny June 20, 2017
  65. FakaLakaDingDong June 20, 2017
  66. Coinspring June 20, 2017
  67. Alex Teplish June 20, 2017
  68. Johnny June 20, 2017
  69. David Dee June 20, 2017
  70. Johnny June 20, 2017
  71. osho osho June 22, 2017
  72. Maghotography July 18, 2017
  73. Maghotography July 18, 2017
  74. Maghotography July 18, 2017

Leave a Reply