BTC opened the day with a price of $3,359 but was able to rise just over 10 percent to reach a 20 day high of $3,702. The digital currency has been struggling to break over that hurdle point, but it lacked the momentum to do so. More importantly, as we witnessed with mass virtual currency value at the beginning of December 2017, LTC is now recovering from price pull-backs faster and more positively as compared to BTC. Major coins are trading with a double-digit surge against the United States dollar and the top-10 saw another major re-shuffle, this time from a bullish wave.
The worldwide crypto markets received some respite yesterday as charts took a turn towards green pastures. At the moment, the world's largest digital currency is comfortably trading over the $3,600 mark. The coin eventually rose to $38.14, which was its highest level since January 10. In the post, Lopp said that "the system is improving and growing". Whenever the value of Bitcoin (BTC) increases, the rest of the coins in the market will follow suit, and the same trend occurs whenever Bitcoin's price plunges. It has seen over 6% growth in the last 24 hours and is trading at $0.309818 at press time. Over the past month, XRP has lost about 16 percent of its value.
Cryptocurrencies are on fire for the first time in 2019 adding $10 Billion in market cap. Tradable token Ethereum increased by 2% over the past 24 hours, while ripple (XRP) rose 1% and EOS gained almost 2%. One Litecoin coin can now be purchased for about $33.18 or 0.00975886 BTC on exchanges including LakeBTC, EXX, Buda and Bitso. The 24-hour trading volume has, however, maintained its stance at $24 billion as was the case 24 hours ago.
Litecoin (CURRENCY:LTC) traded 0.8% higher against the dollar during the one day period ending at 14:00 PM E.T. on January 31st.
Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin. The market cap of the coin went through a mid-week slump when it dropped below the $2 billion mark but this recent rise has pushed the market cap up by 12.84 percent in the past 24-hours to $2.31 billion, with no signs of slowing down just yet. However, it is worth noting, that altcoins are riding the bullish wave, while Bitcoin legs behind as an initial jump above $3,400 in BTC/USD was quickly reverted.