Litecoin continued to update highs …

Litecoin continued to renew highs and reached a capitalization of $ 20 billion

Litecoin continued to rally this Tuesday, which may indicate that investors are looking for smaller altcoins amid a depleted Bitcoin market.

Litecoin price peaked at $ 375.29. At the same time, capitalization exceeded $ 20 billion. At the time of publication, 1 LTC is worth $ 360.

The return on investment in Litecoin for the last 5 days was 15%. LTC / USD exchange rate increased by 400% over the month.

Trading volumes over the past 24 hours are close to $ 2.7 billion. GDAX accounted for more than a quarter of this value. It is followed by Bitfinex with 10%.

It is difficult to name a definite reason for the current growth of Litecoin. The cryptocurrency continues to perform outstandingly for the third week in a row, despite the simultaneous rise in Bitcoin. The largest digital currency recently rose above $ 20,000, and the segment’s capitalization exceeded $ 640 billion.

Litecoin continued to renew highs ...

As the third oldest cryptocurrency in circulation, Litecoin has received the attention it deserves just this year. There are several factors that indicate that Litecoin may continue to grow for the foreseeable future, including the developments being pursued by cryptocurrency creator Charlie Lee..

Unlike traders who continue to take Litecoin to new heights, Lee prefers to be cautious about cryptocurrency investing..

“Buying LTC is a very risky business. I am preparing for the long-term dominance of bears in the market, like in the year when the price of LTC fell by 90% (from $ 48 to $ 4). If you are not ready for LTC to drop to $ 20, don’t buy! ” – he wrote recently, which, however, could not stop investors.

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