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Litecoin Price reaches a very strong cryptocurrency market record

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The price of Litecoin virtual currency reaches a record high of $ 87 per coin at the time of publication, in the middle of the strong sustained performance of the cryptocurrency market. It is expected that the price of digital currency could even exceed the level of $ 100 before the end of the year.

Litecoin's business reached nearly $ 381 million over a 24-hour period. This shows that digital currency is reaching its highest historical level while Bitcoin has jumped $ 9,000.

The majority of Litecoin's trading volume was dominated by GDAX and Bitfinex trading outperforming the Bithumb cryptocurrency exchange. Trading data has also shown that there are three pairs of fiduciary currencies among the top three, which means that there is new capital entering the digital currency market.

Solid performance of virtual currencies

The upward trajectory is only one of the positive developments in the digital currency market. Earlier, Bitcoin and Ethereum altcoins recorded a record price hike. These were followed by Monero and Dash, who also set historical highs in their prices during trading.

The sustained strong performance of other digital currencies in the midst of the phenomenal rise of Bitcoin is seen as a sign that the cryptocurrency market will experience phenomenal growth in the near future. In the past, when Bitcoin was well behaved, other altcoins like Litecoin were generally affected and showed sharp declines. This new trend shows that altcoins are more and more accepted on the market

The future of Litecoin

The Litecoin surge is a sign that the players in the sector are already seeing the potential of cryptocurrency. This has also helped to boost the market capitalization of digital currency to more than $ 4.5 billion and reinforce the strong growth of the altcoin market. It remains to be seen, however, if this bullish performance will continue in the days to come.

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