Today, Litecoin rose by 11.42% and was trading at $185,330. It was the biggest one-day percentage gain since September 3. This movement contributed to the growth of Litecoin’s market capitalization to $12.732 billion, or 0.55% of the total market capitalization of cryptocurrencies. At the highest level, Litecoin’s market capitalization was $25.609 billion. Litecoin (LTC) is a cryptocurrency that was developed to provide fast, secure, and inexpensive payments through the use of the unique properties of blockchain technology.
The cryptocurrency was created on the basis of the Bitcoin (BTC) protocol but differs in the hashing algorithm used, strict restrictions, transaction blocking time, and a number of other factors. Litecoin has a blocking time of only 2.5 minutes and extremely low transaction fees. During the week, Litecoin grew by 23.53%. The trading volume of Litecoins for twenty-four hours amounted to 3.871 billion dollars or 2.64% of the total volume of all cryptocurrencies. Over the past 7 days, it has been trading in the range of $151.2504 to $185.8711. At its current price, Litecoin is still down 55.87% compared to the record high of $420.00 set on December 12, 2017.