Litecoin Price Cracks $235 as Rally Extends Another 16 Percent

Yesterday, the Litecoin price achieved the $200 mark and raised LTC/BTC to its highest value in nearly three years. Today, Litecoin’s bullish advance continued, and LTC rose as high as $236 on Bitfinex, notching its highest mark since Jan. 15. At the time of writing, Litecoin was trading at $219 and boasted a market cap of $12.4 billion. Litecoin’s trading volume remains relatively decentralized, with no single exchange accounting for more than 16 percent of global LTC trading volume. Notably, LTC volume has surged on South Korean exchange Upbit, from about $62 million on Wednesday to $237 million today. Fellow Seoul-based exchange Bithumb experienced a comparable increase, and the two exchanges — each of which currently prices Litecoin at a five percent premium — now account for a combined 16.5 percent of LTC’s daily trading volume.

Reference: https://www.ccn.com/litecoin-price-cracks-235-as-rally-extends-another-16-percent/

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