In the second quarter of 2019, Litecoin, like many other digital coins, witnessed a flurry of activities. In Q2, LTC opened with the price at $77; staying at that price for most of the opening months of the quarter.
Litecoin reached its highest price for the quarter in late June, hitting the $141.6 mark— a record price not witnessed 2007. The market cap for the quarter closed at about $7.4 Billion in the quarter and trading volume hit around $4.9 Billion.
We shall state some other activities and major happenings of Q2 below.
RANKING AND RATING
In the quarter under review, an American provider of investment data Weiss Ratings ranked Litecoin (LTC) as “excellent” regarding investment rewards, attractiveness, and adoption by the public.
However, in terms of the investment risk factor, the digital currency rating agency rated the Exchange as “fair” resulting in a B- rating in the risk to reward ratio.