Litecoin, one of the most popular crypto currencies on the market, has reached its highest price for more than a year. The digital currency grew by more than 10% today and was the fastest growing crypto currency among the first 34 crypto currencies. Can Litecoin continue to grow?
Litecoin has reached new heights in a year
According to data provided by CoinMarkeCap, Litecoin reached its highest price in more than a year. The digital currency is currently trading around $ 138 and has exceeded 10% in the last 24 hours. In recent months there are different drivers that have helped increase the price of the digital currency. One is about the fact that Litecoin will go to halving in August 2019 as soon as possible.
This will reduce mining awards by 50%. Miners are currently awarded 25 LTC per block they receive, and will receive 12.5 LTC per block after halving. Analysts believe that halvers help raise prices for virtual currencies. The digital currency is also in a bullish trend that began in December 2018 and the crypto currency is approaching new heights. Since then, Litecoin has registered a price increase of over 400%.
Mati Greenspan: “Litecoin is the most established in the market
One of the digital assets. 19
EToro Senior Analyst Mati Greenspan on Twitter
Litecoin rally in December currently operates in digital currencies
showed that he started the current bull market. Also,
Litecoin is one of the most established digital assets in the market and
Mati Greenspan showed that Litecoin's daily operations rose to around $ 20,000 and the hash rate reached its all-time high. This shows that there is a lot of interest in this crypto currency. Other users say that Litecoin has proven to be a valuable currency since it has been on the market for a long time and is a very secure network.
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