Monero [XMR] and Litecoin [LTC] increase in the market to show their support to the bull

Yesterday, October 4, turned out to be a field day for all the outlaws as they stood up against the bear and gave the bull power for some time. This marks a significant increase as most currencies have broken short-term resistance levels despite the largest cryptocurrency, the continued support of Bitcoin bears. litecoin [LTC] and Monero [XMR] he also showed that they prefer the dominion of the bull over the bear when the currency turns green in the market.

According to CoinMarketCap, at the time of the press, Monero, the ninth largest cryptocurrency, was trading at $ 110.67 with a market capitalization of over $ 1 billion. The currency has seen a surge of 4.35% in the last 24 hours, with a trading volume of over $ 15 million. The highest volume was identified as Bithumb, with XMR / KRW trading pairs. The second highest volume came from Binance, with XMR / BTC trading pairs. The currency was trading at the value of October 2018, before the fall of October 18, 2018.

Monero [XMR] price item | Source: CoinMarketCap

Monero's burin, Beryllium Bullet, took place on October 18, 2018. This update focused mainly on the implementation of Bulletproof technology and also on the reduction of transaction fees and increased anonymity. The hardfork was executed on block 1685555 and the new version was published by block 1686275. After this, transaction fees fell to almost 2 cents and all major trading platforms announced that commissions were reduced at 0.0001 XMR.

Average transaction fees of Monero | Source: BitInfoCharts

litecoin [LTC], the seventh largest cryptocurrency in the market, was trading at $ 53.75 with a market capitalization of over $ 3 billion. The currency has seen a surge of 4.47% over the last 24 hours with a trading volume of over $ 46 million. The highest volume of the currency was recorded on Bithumb with LTC / KRW trading pairs and the second highest payout volume from DOBI Trade with LTC / BTC trading pairs.

Litecoin price chart | Source: CoinMarketCap

Recently, the Lite.IM, a Litecoin wallet, has announced that it has integrated Facebook Messenger into its platform. The announcement was made on their official Twitter page. They said:

"We are pleased to announce that @liteim_official is now available on Facebook Messenger." 2Bn + @facebook users can now directly and securely access, send, manage and invest in Litecoin. "

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Priya is a full-time member of the AMBCrypto reporting team. He is a finance specialist with a one-year writing experience. You had no value in Bitcoin or other currencies.