Today’s rapid rise in the value of litecoin has cheered up the cryptocurrency market and provided an impetus for insignificant growth in almost all coins..
In the morning, a rapid rise in the litecoin rate began and over the past 24 hours its price has increased by more than 13%. As a result the coin now occupies the 4th position in the capitalization rating. At the time of writing, LTC is trading at $ 37.95, almost hitting early January. The position of the cryptocurrency looks stable, as the daily trading volume on exchanges increased by 54% and exceeded $ 1 billion.
The exact reasons for such dramatic changes are not yet known, but some analysts suggest that the market may have responded positively to developers’ discussions on the possibility of adding confidential transactions based on the Mimblewimble protocol..
Although the dynamics of other cryptocurrencies does not repeat the success of Litecoin, the momentum still slightly stimulated all other coins, causing an increase in market capitalization by $ 3 billion.BTC rate rose by about 1.6% and returned to the level of $ 3467. XRP is up 1.8% and is trading at $ 0.299. Ethereum (ETH) Price Jumps 3.8% To $ 109.
Despite «thaw», experts predict a further intensification of the crisis and a gradual decline in the value of cryptocurrencies due to the lack of significant incentives for growth.
Many believe that the bitcoin rate has every chance of falling below $ 3100.
Despite the protracted stagnation of the crypto market, the daily number of Bitcoin transactions returned to the level of January 2018.
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text: Ivan Malichenko, photo: biznes-prost, steemitimages, graphics: coinmarketcap