Today may prove to be an interesting day for cryptocurrencies after all. With the Bitcoin price showing signs of recovery, it is now up to the altcoins to show their worth as well. This will not be an easy task, yet a lot of people are expecting big things from LTC. There is lots of lost ground to make up against both USD and BTC, and Litecoin’s market capitalization is inching toward the US$3 billion mark once again.
Over the past few days, we have seen some promising signs related to the Litecoin price. More specifically, there has been a fair amount of Litecoin price suppression. Things have not dropped all that much, mind you, as it seems there has been a significant accumulation effort taking place at the same time. With the price close to US$56 at the time of writing, things may finally start turning around for the Litecoin price.
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