NewsletterLitecoin [LTC] Joins The Party As Coin Surges By 15% In The Last 24 Hours
The largest cryptocurrency in the world, Bitcoin finally breached $10K and even hit $11K. While the alts have been following Bitcoin’s price trail, Litecoin [LTC] seems to be the highest gainer.
Since the beginning of this month, the crypto market was undoubtedly dominated by altcoins. Particularly, lesser-known altcoins garnered massive gains. During this, Bitcoin nether recorded significant growth nor slump. However, Bitcoin seems to have taken over as the cryptocurrency market as the king coin. Earlier today the coin surged to a high of $11,326.57. The altcoins during this time did not experience significant price movements. This wasn’t the case with the entire alt market, Bitcoin’s lighter version was evidently following the king coin’s suit.
Touted as the lighter version of Bitcoin, Litecoin has often mimicked the price movement of the digital gold. While Bitcoin shot up by 7.7 percent over the last 24-hours, Litecoin exceeded the largest cryptocurrency as it garnered a whopping 13.4 percent surge. At the time of writing, LTC was trading at $54.86. Just today, the coin was trading at a low of $47.63.
Furthermore, Litecoin stood third after, REM as well as YFI as the highest gainers over the past 24-hours.
Along with its price, the LTC total fees paid had recorded a significant increase. On-chain analytics platform, Glassnode reported that the current value was 0.674 LTC.
While the network preps for the launch of MimbleWimble, the price of the altcoin seems to be spiraling in favor of this release. Recently, Grin developer, David Burkett affirmed that the testnet would be ready for a mid-September release.
Additionally, apart from Litecoin other altcoins were also seen garnering significant change in price.
Honorable Mentions
The entire crypto market was turning green with time. While ETH was stealing the show since yesterday, other coins were seen performing better than the second-largest cryptocurrency. Bitcoin Cash [BCH] was right behind Litcoin as it recorded a 13 percent increase in the last 24-hours. Bitcoin SV [BSV] wasn’t far behind as it was trading at $217.05 with a 11.8 percent increase.
Why Trust CoinGape
CoinGape has covered the cryptocurrency industry since 2017, aiming to provide informative insights Read more… to our readers. Our journal analysts bring years of experience in market analysis and blockchain technology to ensure factual accuracy and balanced reporting. By following our Editorial Policy, our writers verify every source, fact-check each story, rely on reputable sources, and attribute quotes and media correctly. We also follow a rigorous Review Methodology when evaluating exchanges and tools. From emerging blockchain projects and coin launches to industry events and technical developments, we cover all facets of the digital asset space with unwavering commitment to timely, relevant information.
Premium Partners
Delivered every day.
- Insights that move markets
- 100,000 active subscribers
Related Articles
- BlackRock’s BUIDL Launches on BNB Chain as Binance Approves It for Collateral
- Fed’s Jeff Schmid Flags Inflation Risk as Hopes of December Rate Cut Fade
- Whales and Institutions Bet Big On Bitcoin And Ethereum Despite Market Dip
- Breaking: Michael Saylor Debunks Rumor of Strategy Selling Bitcoin Amid Crypto Market Crash
- Peter Brandt Warns Bitcoin Could Dip Below Strategy’s Average Purchase Price as MSTR’s mNAV Falls
- Bitcoin Price Pattern Points to a Crash to $62k as Fed Cut Odds Fall to 54%
- Zcash Price Defies Market Crash: Will Shrinking Exchange Netflows Keep ZEC Rallying?
- XRP, DOGE & ADA Price Outlook: How Low Can These Altcoins Drop Next?
- Ethereum Price Sheds 10% but Lands on the $3,150 Accumulation Base — Is a Buy-the-Dip Bounce Ahead?
- Is Shiba Inu Price Set for Recovery Amid Partnership with Unity Nodes to Expand SHIB Utility?
- Top 3 Reasons Pi Network Price May Surge Despite the Incoming Token Unlock
