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Time for Litecoin: 5th reconquered read

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Litecoin climbs to its highest level for more than a month and combines a market capitalization of over $ 10 billion in this year. This enables to push the silver coin” for the first time since December 5th of Kryptowährungen. Various reasons for the upswing.

The crypto-market daily over large parts of the previous year of an enclosed Bay, where the tide raises all ships alike, the subsequent low tide but also collectively again brings back the assembled fleet on the ground. Outlier – positive as negative – resurfaced made occasionally, however, the fundamental thrust remained the same. Finally, almost completely stopped the movement in the market and shuttled up to at something over 400 billion market capitalization stable.

Now Litecoin sets out to break the prevailing since the end of last week sideways movement. In the last 24 hours the Kryptowährung was more than 30% get – a third of their previous rate value. So is of course now over the $ 200-brand and achieved a market capitalization of $ 11.5 billion. A side effect that has the Litecoins increase in relative comparison to the other top-10 coins, is the re-conquest of the fifth place. Cardano previously claimed it to be.

There are reasons for the rise in

In essence two reasons that indicate there is a such a sudden rise of the coins. One reason is the notice of the upcoming Litecoin hard fork, which will lead to the emergence of a new Kryptowährung called Litecoin cash. Much like in the Bitcoin hard forks, which resulted in bit coin cash, investors expect free money after the split.

A second message which relates to the Litecoin network, was the announcement of LitePal for this year, as well as the imminent launch of LitePay. Both platforms reminiscent of Litecoin addressed to the payment process and to make easier the process of transaction Litecoin.


about Tobias Schmidt

 Tobias Schmidt is Tobias Schmidt since August 2017 as editor in the BTC ECHO working team. His studies in the subject of politics and Economics at the University of Münster signed with a Bachelor’s degree and was also active during his studies at the Department as a student assistant. In addition, he gained professional experience in parliamentary work and in strategic communication, before joining in the journalistic trade. Since 2017 he deals with the Blockchain technology, whereby it focuses in particular on the many different application possibilities in politics, economy and society.

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