This Litecoin cost $ 300, because IOTA was crossed with $ 15 billion market capitalization, it became the fourth largest cryptocurrency in the world behind Bitcoin cache.
This is a major breakpoint analyzer and co-founder of the BlackBerry Capital and it has mentioned that Light Cap's market cap has exceeded the whole cryptocurrency market valuation 15 months ago.
It is just 15 months ago that Litecoin is more valuable than the whole cryptocurrency market, Paul said.
$ 10 billion market cap milestone.
Earlier today Litecoin Manufacturer and former Coinbase executive Charlie Lee discovered that Litecoin market capitalization crossed the $ 10 billion mark, and the value was recorded 4,000% annually.
Since the light quoin market valuation, it has crossed $ 10 billion in less than 24 hours; it has achieved $ 15 billion, which has reached $ 230.
This did not trigger the price of light cognition for a single major event to increase by around 80 percent within a 24-hour period, many analysts believe that the overall increase of interest due to the recent increase in the cost of light coin And demand from the cryptocurrency market from the traditional finance sector.
Given that light cone is a low price and due to low fees and fast confirmation bitcoin has more money-like options, it is possible that in the last three months, the strong performance of Bitcoin influenced the trend of short-term value Did the positive of Litecoin
Despite this today's strong rally, Lee insisted that investors should carefully contact Light Cone and any other cryptocurrency in the market, because there can be a major improvement in price in any currency.
I am sorry to spoil the party but I have to rule a little bit in excitement ... Buying LTC is very risky. He expects that we will have multi-year bear market like LTC just dropped 90% ($ 48 to $ 4) in value. So if you cannot afford LTC to $ 20 then do not buy, Lee said.
It has been said that every bull in the cryptocurrency market has been run after a bear cycle, and therefore, a major improvement in light short term can be a major improvement in the short term due to the increase of the latest 76 percent.
Lee said:
I have seen that every crypto bull has been followed after a bear cycle. It takes time to consolidate the market. It is an experience of just seeing this experience of 7 years. How low TBD is and how long it is that people should be aware of this possibility and invest in responsibility. "
Litecoin trading is not centralized in South Korea
Considering all these variables and recent events, it is optimistic that Litecoin business is not heavily centralized in light quote because Bitcoin Cash was in November, the leading trading platform of Coinbase, Litecoin trades in the last 24 hours Over $ 1 billion is on the process. That is, approximately half of the daily trading volume of GDAX for $ 2.25 billion allocated to Litecoin
Due to the zero duty system of major cryptocurrency exchanges in the industry, there has been a negative reputation in the South Korean Cryptocurrency Exchange Market, because zero-duty trading ports have to weaken against the bots and wash the business.
source - https://www.cryptocoinsnews.com/litecoin-price-up-82-in-a-single-day-and-hits-300-surpasses-iota/