Litecoin Price Tops $37.59 (LTC)

Lloyd Doyle
February 11, 2019

The market is looking green and there are a lot of potentials out there. However, the same can not be said about the past 24 hours given that it has spiked from $3,450 and high enough to test the $3,700 price point before retracting. Just try to search for the current Litecoin (LTC) value and investors interested in LTC, are offered with guess approximations that tokens could rise to $400 to $1000 by end of 2019 alone.

Speaking to The Independent before the latest price surge, David Thomas, director of the UK-based cryptocurrency broker GlobalBlock, lamented the negativity in the market but hinted a spark could set it off in a positive direction once again. Ripple's XRP, for instance, the second most popular cryptocurrency based on its $12.8 billion market capitalization has recorded a price swing.

The Bitcoin price has steadily dropped since it reached an all-time high of almost $20,000 in December 2017, enabling many Bitcoin, cryptocurrency and blockchain startups to cut jobs or completely close down and keeping investors anxious for signals of how the market will move next.

Ethereum, on the other hand, has also received a wake-up call. Having declined to $104 on Thursday and looking like it might just hit under $100, is now showing an upward price trend. The virtual asset as at press time is trading at $120 and it accounts for over 10% increment in comparison to its price on Friday.

Litecoin (LTC) had a good 24 hours as the cryptocurrency jumped $0.390000000000001 or 1.19% trading at $33.11. Opening at a price of $33.24 and closing at $43.46.

The price of LTC now stands at $43.36, the highest point since before the November hardfork that set-off a market collapse.

No other coin-shuffle took place in the global coin market but there were other notable price increases.

Is LTC Appreciating more in Value than Bitcoin?

At the time of press, LTC sits on the fourth position on CoinMarketCap table, trading at $44 with a total market cap of 2.7 billion.

Litecoin's recent breakout appears to be linked to the looming implementation of the protocol MimbleWimble. The 24-hour trading volume has, however, maintained its stance at $24 billion as was the case 24 hours ago. Tron has been on a constant rise following a slew of developments and their January niTROn summit, the recent increase has pushed the price of the coin up to $0.0271 and the market cap to $1.806 billion. Now that volatility has settled to reasonable levels, investors are keen on investing in Bitcoin.

I am now focused on making Litecoin more fungible by adding Confidential Transactions.

Other reports by Iphone Fresh

Discuss This Article