Published On: Wed, Nov 29th, 2017

The Little Engine That Could – Litecoin Breaks $100, Outperforming Bitcoin in 2017

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Where Bitcoin goes, do altcoins follow? It would seem so for Litecoin, whose price rose yesterday in tandem with Bitcoin, reaching an all-time high of $102.21.
With Bitcoin’s history-making move yesterday as it passed the $10,000 mark, it is easy to get caught up in the excitement and celebration and forget about the achievements of other cryptocurrencies. Litecoin – often thought of as silver to Bitcoin’s gold – is a prime example. As Bitcoin climbed its way into $10k territory, Litecoin was experiencing record-setting growth as well, rising from $85.91 on the morning of 27 November to an all-time high of $102.21 early on 29 November.

And now LTC $100!!! https://t.co/TIXF9M8Rp4
— Charlie Lee [LTC] (@SatoshiLite) November 29, 2017

Litecoin’s growth, in terms of percentage, has actually outpaced that of Bitcoin. If you look at the performance of both digital currencies from 29 November 2016 until today, Bitcoin experienced gains of approximately 1406.17% compared to Litecoin’s 2541.08%. A lot of Litecoin’s thunder (and also possibly Lightning) has been stolen recently too by an increasing number of Bitcoin forks, which, if nothing else have provided a form of dividend payment to Bitcoin holders who …

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