The silver counter-part to the golden coin – Bitcoin BTC: Litecoin LTC ranked fourth largest by coinmarketcap is definitely appreciating the same or even more rise of value during the first three months of 2019 compared to other leading cryptocurrencies.
Standing just below $60.00 on the 16th of March, 2019, the pair LTC/USD is counting an increase of 4.11 percent in the last 24-hours reaching the level of $58.89. With a $1.8 bln summed daily volume of transaction – Coineal, DigiFinex and Coinall are the leading platforms when it comes to LTC changing hands with another.
This is the highest that the duo LTC/USD has been since end of September and beginning of October in 2018. If the value manages to close successfully above $60.00 it could possibly open a new chapter for the days ahead as it has also present a resisting level before.
An article published on Forbes has made a strong case for Litecoin (LTC), sitting at the fourth largest market capital position, flipping third-ranked XRP by the end of the year.
Bambrough, in his piece published on Forbes, believes that LTC price is responding to strong efforts by the Litecoin Foundation and developers to improve security and privacy for the coin, in addition to culling several high-profile partnerships.
“Litecoin volatility spiked when the Litecoin Foundation announced it’s exploring the integration of Mimblewimble, a protocol offering privacy and fungibility to blockchains”, a report by cryptocurrency brokerage SFOX read this week.
“In March, keep an eye on how privacy news moments impact markets, such as recent revelations over Coinbase’s third-party service provider selling client data.”