Litecoin (LTC), one of the most popular cryptocurrencies on the market, gained 36 percent overnight, making it the fifth most capitalized cryptocurrency in the world. Here’s what led to the huge price rise.
Litecoin gained 36 per cent in value in last 24 hours, raising its capitalization to $11.9 billion and making it the fifth most capitalized cryptocurrency in the world. On February 14, Litecoin hit the $210 mark, according to CoinMarket Cap data.
What caused the value to spike? The Daily Express reports that it is due to a deal made with Visa. According to the report, the credit card company is planning to introduce Litepay, a payment system compatible with Visa credit cards.
https://www.google.co.uk/amp/s/sputniknews.com/amp/business/201802151061676174-litecoin-visa-deal/