Litecoin has shown the best results of the top ten altcoins

by in Cryptocurrency News

Litecoin

Of the top ten digital currencies, Litecoin (LTC) showed the best performance.

The growing bitcoin supported all other coins.

Recall that BTC on the night of Tuesday, November 17, on some trading floors exceeded $ 16,800, and many analysts expected a breakout above $ 17,000. However, then there was a correction, and now the largest digital currency is trading at $ 16,700.

Of the top ten altcoins, Litecoin showed the biggest takeoff, having risen in price to $ 75. Over the past 24 hours, LTC capitalization has grown by 12% to $ 4.9 billion. Over the week, the value of the coin has increased by almost 27%.

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Litecoin was able to bypass Bitcoin Cash in terms of capitalization and break into the top five altcoins. The activity of LTC addresses in mid-November began to increase again. Now, on average, network users make 81,660 transactions per day.

The previous surge in online activity came in September ahead of the MimbleWimble update to ensure the confidential sending of funds. At the same time, there was an increase in the value of the altcoin.

The coin was able to break through the resistance at the $ 70 and $ 72 levels the day before. Analysts are paying attention to the improvement in technical indicators of LTC.

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The news background also favors the altcoin. Giant Grayscale reported an increase in investment in litecoin (up to $ 53 million). In terms of the amount of invested funds, the LTC trust of this company has bypassed Bitcoin Cash.

Researchers from the Santiment team predict that the upward movement of the cryptocurrency will continue if Bitcoin breaks above $ 17,000. LTC may reach $ 80 within the next 24 hours.