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Litecoin price (LTC/USD) gains momentum in early Wednesday trading

Litecoin price (LTC/USD) gains momentum in early Wednesday trading

The Litecoin price (LTC/USD) has seen sturdy gains in the earlier 24 hours, no matter a decline in trading train.

On Tuesday, Litecoin rose to an intraday extreme of $63.81, sooner than pulling once more a bit to an in depth of $62.68. The cryptocurrency has had a strong start of proper now’s session and is at current trading at merely over $64, in holding with data from Coinmarketcap.

The Litecoin price has been exhibiting indicators of enchancment over the earlier week, along with hitting a near one-month high of $66.84 on November 9. While it hasn’t been able to attain associated highs since, the coin has principally managed to stay above $60, a stage that had remained elusive in late October and early November.

The enchancment of Litecoin’s effectivity has coincided with a significant increase in market train. Since November 7, LTC’s every day trading volumes have always exceeded $200 million, partly ensuing from an uptick in LTC trading in South Korea.

In comparability to those ranges, LTC trading has been subdued in the earlier 24 hours. Litecoin’s 24-hour trading amount at current stands at $172 million, in line with the amount of trading seen yesterday. South Korea’s largest cryptocurrency change Bithumb accounts for 17.7% of that amount, whereas Hong Kong’s Bitfinex platform follows intently with 17.3%. The US-based GDAX change, which is operated by Coinbase, captures spherical 16% of the complete amount.

In proper now’s trading, the Litecoin price stood at $64.39, as of 09:34 GMT. The cryptocurrency has gained 4.7% in the ultimate 24 hours, in holding with Coinmarketcap.

For more information on strategies to buy and commerce Litecoin, see our full Litecoin guide.


Litecoin price (LTC/USD) gains momentum in early Wednesday trading

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