The cryptocurrency market is soaring today after a generally positive week for the industry. Litecoin posted positive results, increasing by 4.95 percent today to trade at $149.19 as of 5:30pm.
Litecoin wasn’t the strongest performer of the day, with Ripple taking 18 percent to trade at $0.858. Bitcoin is trading at $8,506, Ethereum $586 and Bitcoin Cash increasing by 13.64 to trade at $1,069.
Litecoin has had a rollercoaster 2018. The cryptocurrency had lost more than 50 percent total market cap in Q1, but charts show a strong return to form.
Litecoin prices slumped close to $100 during this time and bad news seemed to stalk the token. In March, Litecoin’s hotly anticipated transaction payment app, LitePay announced it would be ceasing all operations after it became known the owner was less than transparent with the funds.
Litecoin Foundation director of operations Keith Yong said the NPO refused to assist with further investment, after the LitePay CEO asked for further funding. Yang said: “Prior to that, the foundation had approached Kenneth regarding his less than transparent nature with the company and to express our, and the community’s, concerns regarding his recent Reddit AMA. Read more from express.co.uk…
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