The bear market is making numerous altcoins struggle. Less than 10 amongst the top 100 altcoins are still trading in the green zone. The price of LTC is $88.21 after a fall rate of 12.28% was noted.

The trading volume recorded is $4.084 billion in the course of the past 24-hours. The total market cap of Litecoin is $5.528 billion. The circulating supply houses 62,672,112 LTC tokens.

A day ago, Litecoin had dove by around 7% as the market had a bearish day. At one point, the price recorded yesterday was roughly at $101.02.

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Even though the price had declined below $90 according to the latest data, the halvening event is three weeks away. Most investors expect the prices to soar after the event occurs, but there is no guarantee.

Litecoin’s partnership with the Miami Dolphins was met with considerable applause from the cryptosphere. Rugby is a sport that is quite popular in the U.S., and even though Donald Trump may think ill of Bitcoin, adoption rates have gone up these past few months.

This is due to continued reports about the period of “crypto winter” being over. “Aliant Payments is the one that partnered up with the Litecoin Foundation with the Miami Dolphins deal, bringing Litecoin as the official cryptocurrency of the Miami Dolphins.”, states Moore.

Charlie Lee had earlier said that the miners will undoubtedly receive a “shock” when the halvening takes place. As the block rewards get drastically reduced, many will choose to leave. This might help Litecoin reach $150 due to demands surging.

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