Home Litecoin Litecoin Price Jumps 13 Percent as Breakout Bitcoin Slows Down – Yahoo Finance

Litecoin Price Jumps 13 Percent as Breakout Bitcoin Slows Down – Yahoo Finance

by admin
Litecoin is proving the best performing major cap crypto asset during the weekend. | Source: Shutterstock

Litecoin price(LTC) was trading at $134.47 by 09:30 UTC on Sunday, up 13.03 percent on a 24-hour adjusted timeframe.

The move uphill pushed Litecoin’s market capitalization to approx $8.18 billion, or 2.36 percent of the net cryptocurrency market valuation. At its top, Litecoin’s market worth was $19.9 billion.

litecoin, bitcoin, bitcoin price

Litecoin is trading in a range defined by $146 and $110 on Coinbase exchange in the last 24 hours. Earlier last week, the cryptocurrency established a cycle low of $109.09 upon finishing a 5-day losing streak of up to 25.58 percent.

The latest upside push negated about 19 percent of those losses, accompanied by a decent reported volume of $5.058 billion across all the cryptocurrency exchanges. At the same time, the “Real 10” Volume, which reportedly removes fraudulent trading activities from the equation, showed $359.989 million worth of Litecoin-enabled trades.

The Halving Pump Spikes Litecoin Price

The Litecoin price surge came at the time when bitcoin’s uptrend was hinting to catch a breath. The leading cryptocurrency, which established a fresh yearly high of $13,868 on Wednesday last week, was also the one to experience a deep plunge later. As of June 27, 20:00 UTC, the bitcoin-to-dollar exchange rate was trading at $10,300.

A decent upside correction took the pair as high as $12,444.77 on Friday, but bitcoin failed to hold the gains over the weekend. At the press time, the cryptocurrency was trading 4.17 percent down from its Saturday top of $12,379.99. That had a visible impact on the pricing of Litecoin. The altcoin’s rate against bitcoin, in the past 24 hours, was 12.16 percent higher.

Read the full story on CCN.com.

Let’s block ads! (Why?)

Source link

Related Articles

Leave a Comment

This website uses cookies to improve your experience. We'll assume you're ok with this, but you can opt-out if you wish. Accept Read More