Litecoin prices have surged more than 1,700% year-to-date. Shutterstock
Litecoin prices, which have enjoyed a sustained rally over the last several months, have climbed more than 1,700% year-to-date (YTD).
The cryptocurrency, which has many similarities to Bitcoin and has often been likened to its digital sibling, had reached as much as $80.28 at the time of report, according to CoinMarketCap.
At that price, Litecoin has risen more than 1,730% from $4.33 at the start of 2017.
[Ed note: Investing in cryptocoins or tokens is highly speculative and the market is largely unregulated. Anyone considering it should be prepared to lose their entire investment.]
Litecoin’s Return Surpasses Bitcoin
While Bitcoin has grabbed headlines this year by moving increasingly close to reaching $5,000, its total return has been far less than that of Litecoin’s.
At the time of report, Bitcoin’s price had risen more than 400% YTD, but that figure represented less than one-quarter of Litecoin’s 2017 price rally.
Litecoin’s Relationship To Bitcoin
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