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Litecoin Price Doubles During Q1 2019

01 April 2019 16:43, UTC
Litecoin Price Doubles During Q1 2019

Litecoin, the 5th largest cryptocurrency by market capitalization, is currently trading at $61, which means that it has reached 100% growth since January, when the price of cryptocurrency was approximately $30. According to the data provided by Bitfinex, the “digital silver” has hit a 6-month high of $64.20.

The price of Litecoin has been downfalling over the whole 2018, reaching an incredible level of decline by 86% from its historical maximum of $360 per coin. In December 2018, the price was set at $23, and since then it has gradually moved upward, as well as its hash rate, as was noted by Gregory ROCCO, head strategist of the crypto economic firm Alpine.

21.03.2019  |   in BNT Reviews
According to him, since December, the Litecoin hash rating has been growing: the power consumption level was 150 trillion hash per second (TH / s) in December. This indicator suggests that since the price started to grow, a considerable number of miners have joined the network. Many investors consider the recovery of Litecoin to be a positive sign for the entire crypto market.

Image courtesy of Fossbytes



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