Litecoin (LTC) is up 60% this week and is riding a bullish wave with Bitcoin
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Answer Litecoin (LTC) is up 60% this week and is riding a bullish wave with Bitcoin
Charlie Lee’s Litecoin (LTC) is up 60% this week, from around $70 to $122 at the time of writing.
After the recent rise in the value of the coin, “Litecoin” advanced in the ranking and became the fifth in terms of the total market capitalization.
Litecoin noticed a surge of renewed interest in September thanks to Litebringer, a blockchain-based fantasy RPG that allows players to trade in-game loot for Litecoin.
Daily transactions on the Litecoin blockchain rose to about 165,000, although it has been slowly declining since then.
On Thursday, daily Litecoin transactions jumped slightly from about 58,000 to 71,000.
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The crypto market in general continues to perform well, led by Bitcoin, which reached a new record at the level of 24 thousand dollars, and is currently trading at 23,590 dollars.
As a result of the rise in the value of Bitcoin and other alternative digital currencies rose The total market capitalization of the crypto market as a whole is $666.2 billion.
Many digital currencies were present in the recent rise, along with Bitcoin and “Litecoin”, as Ethereum also rose by 17%, Ripple by 14%, and Bitcoin Cash by 20%.
Read:Institutional Demand Can’t Keep Bitcoin Above $30,000 According to One Analyst
Litecoin is still far from its all-time high of $375.29, but the recent rally inevitably brings it closer.
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