Litecoin price (LTC/USD) jump more than 10% on Friday

BNB started gaining while everyone else started slipping. It found its way into the top 10 while Bitcoin SV got pushed out

BNB started gaining while everyone else started slipping. It found its way into the top 10 while Bitcoin SV got pushed out

More importantly, as we witnessed with mass virtual currency value at the beginning of December 2017, LTC is now recovering from price pull-backs faster and more positively as compared to BTC. After topping that level, the coin experienced a sharp surge that sent its price above the $37 mark for the first time in almost a month.

Crypto markets are mostly green today, with Bitcoin (BTC) slowly edging close to the $4000 mark, and several large-market-cap altcoins seeing substantial gains, as CoinMarketCap data shows. Bitcoin (BTC) is back above $3,400. According to the weekly chart of Bitcoin (BTC), the digital currency started the week at around $3,493 on the 1st of February, and it tested the low of $3,396 on the 7th of February.

As it stands, the market's $122 billion valuation represents an 85 percent depreciation from its all-time high north of $820 billion set in January 2018. The chief technology officer at Casa - Jameson Lopp - recently published a Medium post with an analysis of the basic performance of Bitcoin (BTC).

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The world's largest cryptocurrency by market capitalization, bitcoin (BTC) is also flashing green. However, it is now trading at $44.71. It has seen over 6% growth in the last 24 hours and is trading at $0.309818 at press time.

The second feature is the considerable influx on Coinbase- a digital currency brokerage that is now trending. Over the past month, XRP has lost about 16 percent of its value. One Litecoin coin can now be purchased for about $33.18 or 0.00975886 BTC on exchanges including LakeBTC, EXX, Buda and Bitso. The market cap of the digital currency is now $12.42 billion and its trading volume over the past day is $3.19 billion. Its market capitalization stands at 2.6 billion Dollars with a trading volume of 1.8 billion USD in the last 24 hours.

Even after the pull-back, Litecoin remains by far the best performer in the currency top 10 and has now gained more than 10% over the past 24 hours.

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Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin.

At press time, Litecoin is trading at 44.79 US Dollars.

With BTC now hitting $7164.28 after a remarkable period of rising investor acceptance, LTC's measly $67.78 in worth seems like peanuts in comparison.

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