Over the past twenty-four hours, the crypto-currency market has made significant progress, as all major crypto-currencies, including Bitcoin, Ethereum, Ripple, Bitcoin Cash and Litecoin, began to recover in value.
Litecoin was once the fourth crypto currency in the Coinmarketcap rating, but because of the slump in the price, it dropped to sixth place. Apart from small coins, such as WAX and Nebilo, Litecoin became the only high-end crypto currency that showed an increase of thirty percent, thanks to this, it was able to overtake such a crypto currency as Cardano and take the fifth place in the Coinmarketcap rating.
Several reports said that the cost of Litecoin has grown because of the upcoming hard-core. Litecoin Cash, which was criticized by the crypto-currency community, will be available to every Litecoin owner after the 1371111 block.
HardFork can encourage users to buy Litecoin for free additional dividends in the form of Litecoin Cash, but many other factors also contributed to the rapid growth of the price of Litecoin. For example, Litecoin creator Charlie Lee said that the introduction of Coinbase Commerce will allow traders to accept Litecoin along with other leading crypto currencies such as Bitcoin.
The upcoming hardfork, as well as the expectations of the community of short and medium-term growth of Litecoin because of the news from Coinbase Commerce fostered interest in this crypto currency, which affected its price.
Author: Andrey, analyst Freedman Club Crypto News
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