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Flash Hike: Litecoin [LTC] is now the fourth largest cryptocurrency; price pumps by 17% in 7 hours


Litecoin often referred to as the silver to Bitcoin’s gold by its creator Charlie Lee has become the fourth largest cryptocurrency in the world in terms of market cap as per data obtained from CoinMarketCap.

As per the below chart, the prices of Litecoin started their rally on February 08, 2019, 02:00 UTC and is still pumping at the time of writing.

The prices at the start of the rally opened at $32.65, closed a few pennies later, but the rally didn’t stop at this candle. The subsequent candles increased in height and so did the volume.

The on the same day at 08:00 hit a home run as the candle opened at $33.45 and closed at $35.94, which is a percentage increase of 7.44% in a single candle.

However, the total increase in the price happened from $32.52 to $37.98, which is an increase of 16.79% within a span of 6 hours. The next candle formed is currently above the previous candle.

The market cap of Litecoin at the time of writing was $2.22 billion and the…



Read Full Story : AMBCrypto

2019-02-08 10:02:02

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