Litecoin's (LTC / USD) price returned after reaching a year's low below $ 50 on Wednesday.
The seventh – The largest digital currency on the market suffered heavy losses during yesterday's session, which eventually led to a decline to $ 47.67 in the early afternoon. This was the lowest price level of Litecoin since September 25, 2017, according to data from the Coinmarketcap digital tracker. However, the performance of the currency improved significantly in subsequent negotiations, allowing LTC to balance losses for that day. The currency ended the session at $ 51.66, down from its initial level of $ 52.39.
Litecoin continued to perform consistently in today's session, although its progress showed signs of slowing down. After passing $ 53 in the early hours of trading, the currency spent the rest of the morning session above that level. LTC saw a small rise in the early afternoon, with its price soared to $ 53.80. At the time of writing, the price of Litecoin was slightly above that level.
While the Litecoin rally was less impressive today, currency has been one of the most performing digital currencies in the top 10 crypto in the last 24 hours. Other currencies, such as Ethereum (ETH), Bitcoin Cash (BCH) and Monero (XMR), have also enjoyed large gains, contributing to a general tendency to recover throughout the cryptocurrency space. As a result, the crypto market earned more than $ 10 billion from its Wednesday low and is now close to reaching $ 200 billion in total value.
In today's trading, Litecoin's price was $ 53.90, at $ 14: 38 BST. The digital currency has gained 10.4% in the last 24 hours, shows Coinmarketcap data. Its total capitalization is currently $ 3.1 billion.
For more information on how to buy and exchange Litecoin, please refer to our comprehensive Litecoin guide.