Yesterday, Litecoin price led the crypto market upwards as it surged over 10 percent within hours. Since then, Litecoin has seen a spike of 37 percent in its price. From about $33, it has gone well above $40.
The market and Litecoin especially, is still enjoying the greens. At the time of writing, Litecoin has been trading at $44.61 with 24-hours gains of 18.49 percent. In the BTC market as well, it has been rising by 11.14 percent.
Litecoin Price Chart, Source: TradingView
This drastic surge in Litecoin price has it surpass Bitcoin Cash and EOS to take the 4th position. Litecoin creator Charlie Lee took to Twitter to share his excitement of Litecoin leading the gains.
However, despite the onslaught of Litecoin bulls, the LTC USD shorts have hit the all-time high at 289770 on February 8th, 2019 according to the data provided by TradingView.
You can also see our post from today regarding the LTC Price long term forecast here: