LTC, developed by Charlie Lee, rose 60% this week, rising from around $ 70 to $ 122 at the time of writing this article.
After the recent rise in the currency's value, Litecoin advanced in the ranking and became the fifth in terms of total market capitalization.
Litecoin noticed an increase in renewed interest in September thanks to “Litebringer,” a fictional blockchain-based RPG that allows players to trade in-game loot for litecoin.
Daily transactions on the Litecoin blockchain increased to around 165,000, although it has been slowly declining since then.
Daily Litecoin transactions jumped slightly on Thursday from about 58,000 to 71,000.
The crypto market in general continues to perform well, led by Bitcoin, which reached a new record high at $ 24,000, and is currently trading at $ 23,590.
As a result of the increase in the value of Bitcoin and other alternative digital currencies, the total market value of the crypto market as a whole rose to $ 666.2 billion.
Many digital currencies were present in the recent rally, with Bitcoin and Litecoin, where Ethereum also rose by 17%, Ripple by 14%, and Bitcoin Cash by 20%.
Litecoin is still far from its all-time high, recorded at $ 375.29, but the recent rise inevitably brings it closer.
LTC, developed by Charlie Lee, rose 60% this week, rising from around $ 70 to $ 122 at the time of writing this article.
After the recent rise in the currency's value, Litecoin advanced in the ranking and became the fifth in terms of total market capitalization.
Litecoin noticed an increase in renewed interest in September thanks to “Litebringer,” a fictional blockchain-based RPG that allows players to trade in-game loot for litecoin.
Daily transactions on the Litecoin blockchain increased to around 165,000, although it has been slowly declining since then.
Daily Litecoin transactions jumped slightly on Thursday from about 58,000 to 71,000.
The crypto market in general continues to perform well, led by Bitcoin, which reached a new record high at $ 24,000, and is currently trading at $ 23,590.
As a result of the increase in the value of Bitcoin and other alternative digital currencies, the total market value of the crypto market as a whole rose to $ 666.2 billion.
Many digital currencies were present in the recent rally, with Bitcoin and Litecoin, where Ethereum also rose by 17%, Ripple by 14%, and Bitcoin Cash by 20%.
Litecoin is still far from its all-time high, recorded at $ 375.29, but the recent rise inevitably brings it closer.