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Litecoin [LTC] overtakes Stellar Lumens [XLM]; hikes by 9%
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[Image: ines-ferreira-349800-unsplash-e1546785666852.jpg]
Litecoin, once, the top seventh cryptocurrency in the world, by market cap, has now become the sixth largest cryptocurrency. It seems to be doing well for itself as its prices have been lit green all day long, while other cryptocurrencies, including Bitcoin [BTC], are trying hard to stay afloat.

The prices for LTC were in for a crazy roller-coaster ride with much-needed volatility in the crypto-markets. The 24-hour time frame shows a maximum price change of about 11%, with current prices at $38.

[Image: Capture-1.png]Source: CoinMarketCap
LTC chart for the one-day time frame shows a lot of volatility with a short spike in prices proceeded by a quick correction. From the one-day chart, the prices started trading at $34 and peaked at $36.14. The prices tried breaking the resistance at this level multiple times but failed, hence the prices stuck to a sideways trend for quite some time.

The prices, however, dipped as low as $35 on January 6, 2019, UTC, after which, LTC prices propelled as high as $38.5, at which point, the 24-hour change was at the highest, i.e., ~11%.

The market cap has reached a whopping $2.45 billion mark, which is a feat in this current bear dominant cryptocurrency space. The constant rally by Litecoin has caused it to overtake Stellar Lumens [XLM] and become the sixth largest cryptocurrency in the world.

In a longer time frame of 7-days, the cryptocurrency [Litecoin] has been soaring by a massive 18% amidst the bear market. In comparison, Bitcoin in 24-hour time frame shows a negative outlook, so does XRP, Bitcoin Cash [BCH], and Stellar Lumens.

The 24-hour trading volume of Litecoin has reached a humungous $815 million and a majority of the volume is coming in from the OKEx exchange via the trading pair LTC/BTC but contributes another $66 million via LTC/USDT pair.

The exchange contributes a total of $82 million. OKEx is followed by Bit-Z exchange that contributes close to $72 million via the same trading pair.

source ambcrypto.com
by Akash Girimath
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