On 13th July Litecoin was traded at the price of $76.50 with a market cap of $4.388 billion. The coin kept increasing ever since the market turned bullish, yet was taken over by an opponent racing faster.
From the 13th to the 19th of this month, Litecoin had an increase of over $677 million in its market cap. Although the rate is great, it was not enough for the coin to hold its position at #6. This resulted in it being taken over by Stellar Lumens and is now closer to Cardano [ADA] by market cap.
On 16th July, Litecoin Foundation announced a partnership with TokenPay, a decentralized exchange in which they will be acquiring a 9.9% stake. The foundation will be doing the technical work and provide marking support for TokenPay and integrate with the bank as a part of the deal.
