Litecoin Markets Increase In Value Close To 35%
Litecoin Markets Increase in Value Close To 35%
Litecoin is the fifth largest digital currency, classified by market capitalization. Since its debut in early 2017, the price of Litecoin has risen nearly 35% in the span of 24 hours, as the digital currency has benefited from multiple factors, including the anticipation of a hard fork that will reward those who have the altcoin.
Also Read: Litecoin Founder Charlie Lee reveals he sold all his
litecoin to avoid conflict
The cryptocurrency was last seen changing hands at $ 216, with a maximum of one month, according to the data service CoinMarketCap. More than 100 percent from the February 6 low at $ 106.94. In addition, with the move, litecoin's market capitalization has jumped above $ 10 billion for the first time since January 29.
Even so, the reasons for the decision may be delayed by investors.
Litecoin's prices surpassed a tough fork that took place on Sunday, February 18, and brought Litecoin Cash, a new digital currency similar to Litecoin, to the world.
When this hard holder is carried out, the investors will receive 10 units of Litecoin Cash, which will have the LCC quotation symbol, for each Litecoin they have.
The imminent release of litcoin Cash, which states that it will award 10 Litecoin Cash coins for each Litecoin chip. Cryptocurrency analysts, however, warn that Litecoin Cash has no status with the founders of Litecoin and could be a scam.
The founder of Litecoin,
Charlie Lee, warned through Twitter that Litecoin team and I are not forking Litecoin. Any forks that you hear about is a scam trying to confuse you to think it’s related to Litecoin.”