Three Reasons Why Litecoin is Ripping

Litecoin has been ripping, outpacing the other cryptocurrencies, and solidifying its spot at number 14 on Coinmarketcap. There does not seem to be much news specific to Litecoin, but investorsdo seem to like the fact that the coin is well adopted, and has a lot of consumer applications in the pipeline. This is actually the reason we still cover LTC in our reports and keep hodling it: adoption, applications, and low gas fees. All that being said, we have broken new relative highs, even since we have been writing this report. We have smashed through $251, our level from yesterday, then cut through the next resistance level, $264, with ease. We have just broken through $280, and are making a run for $291. At this pace, the $300's are in sight. We do have strong support at $251, so a significant retracement could take us back there, but we should definitely be holding the $200's for the foreseeable future.