Home / Litecoin / litecoin [LTC] increases by 16%, following Bitcoin [BTC]lead

litecoin [LTC] increases by 16%, following Bitcoin [BTC]lead

litecoin [LTC]Prices are currently up to $ 35 and market capitalization has reached $ 2 billion. The 24-hour price change for Litecoin is 16% and most of the trading volume comes from the Korean exchange Coinbit, which is contributing $ 280 million [32% of the total trade volume] in the LTC / KRW trading pair.

According to CoinMarketCap, Litecoin prices started trading at $ 29.85, prices rose from this point without any roadblock to a maximum of $ 35.25.

Litecoin's market capitalization also saw a dramatic increase of $ 400 million and remained stable at ~ $ 2.1 billion at the time of writing.

Over a period of longer than 7 days, the price action for Litecoin can be noted. Prices can be seen to fall to $ 27, which was last seen in May 2017. The 7-day market capitalization reached a maximum of $ 2.74 billion and a minimum of $ 1.6 billion.

Litecoin is among the pioneers who took the worst of the bear market in 2018. The bear market, as a result, lowered Litecoin's prices to $ 27, representing a total drop of 92% from its historic high in January 2018 [$367].

Although Litecoin has witnessed massive adoptions in the real world, the community talks about Charlie Lee's tweet last year. People in the community talk about how Charlie Lee predicted the fall of Litecoin.

The community thinks that Litecoin broke the 90% depreciation point as predicted by Charlie Lee.

A user of Litecoin of Twitter commented:

"That's why we listen and trust Charlie Lee, he's the most intelligent cryptic guy with the most experience in these cycles, I've never sold a penny, rode it all in. What a ride, waiting for December 2021.
Bitcoin price of 250k. "

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Akash is your usual Mechie with an unusual interest in encryption and day trading, ergo, a full-time AMBCrypto journalist. He holds XRP because of peer pressure, but otherwise he found a day of trading with what little capital he owns.

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