Can Litecoin achieve a new all-time high in 2020?

The 2017 cryptocurrency bull run made history for its rather unexpected yet rewarding nature, with the heavily scrutised Bitcoin rising like a phoenix to $20,000 while other altcoins like Litecoin also surged to new all-time highs.

Litecoin’s run to $420 was not only one of the most captivating but also one of the most surprising considering its value was just $3 at the start of 2017.

March 30 will go down in history for Litecoin bulls as the spark that ignited the tremendous surge in price action. It rose by more than 90% to mark its largest ever one-day gain.

The 2018 bear market was as gruelling as 2017 was euphoric. Litecoin fell by more than 75% within the space of one month before a one-year downtrend eventually saw its price slump to as low as $20.

However, the first six months of 2019 acted as a period of resurgence for Litecoin as it rallied to $146 on the back of news that Facebook would be launching its own cryptocurrency dubbed ‘Libra’.

The sentiment surrounding…