Litecoin price news: How much is Litecoin worth? Is LTC on the rise?
GETTY Litecoin price news: How much is Litecoin worth? Is LTC on the rise?
Litecoin is flying high this morning, jumping up in a positive chart this morning. LTC increased 6.85 percent this morning to trade at $161.83, as of 13:30. Litecoin isn’t the only cryptocurrency to see a jump either. Bitcoin rose to $9,316, with Bitcoin Cash trading for $1,512. Ethereum is going for $690 and Ripple is now trading at $0.918. A difficult Q1 of 2018 is slowly turning into a positive rest of the year, as the market continues to rise.
Is Litecoin on the rise? Litecoin has gone from a difficult few months to suddenly become a strong contender for the top cryptocurrency. In March, the digital coin was slammed in the news, when hotly anticipated digital payments app, LitePay, announced it would be ceasing all operations less than a week after its launch. LitePay released a statement to customers apologising for the change, citing a “less than transparent” management from the owner. LTC took a big hit as the prices slumped in the following weeks, but it was already suffering from a difficult winter.
CoinMarketCap Litecoin prices jumped by 7.79 percent today
Q1 of 2018 saw the entire cryptocurrency market lose more than half its market cap in three months. Litecoin suffered considerably, dropping down to $120 per coin throughout March. April was expected to be a difficult month for cryptocurrencies, as the April tax deadline in America threatened to cause a mass sell-off. Litecoin managed to survive the ordeal and is now posting strong results.
CoinMarketCap LItecoin took a hit in Q1 2018 but has recovered since