Litecoin cryptocurrency is up 10%
Litecoin cryptocurrency was trading at $220 on Monday
The cryptocurrency Litetcoin was trading at $220,400 at 6:39 p.m. (3:39 p.m. GMT) on the Investing.com Index exchange Monday, a change of 10.31% during the day. It was the sharpest daily rise in cryptocurrency since Sept. 3.
Such growth pushed LitetCoin’s market capitalization to $15.034B, 0.52% of the market capitalization of all cryptocurrencies. Earlier at its peak, LiteCoin’s capitalization was $25.609B.
Over the past 24 hours, Litecoin cryptocurrency has traded in a range of $202,000 to $220,400.
Over the last 7 days, LiteCoin has shown volume growth in the range of $222,000 to $220,400. Litetcoin’s volume in the last 24 hours was $1,987B or 1.74% of total cryptocurrency volume. It has traded between $191,2000 and $220,4000 over the past seven days.
Currently, LiteCoin’s price is still below 47.52% of its peak of $420.00, which was reached on December 12, 2017.
Meanwhile, other cryptocurrencies
Cryptocurrency Bitcoin was at $66,123.8 on the Investing.com Index, up 7.08% on the day.
Etherium traded at $4,761.32 on the Investing.com Index, up 3.54%.
Bitcoin previously had a market capitalization of $1,242,146B or 43.28% of the market capitalization of all cryptocurrencies, while Etherium was $561,509B or 19.56% of the entire cryptocurrency market.
Are investors sticking with this crypto?
The reserve risk indicator at the time of publication seemed to indicate that investors were still confident. In fact, RR has remained above its average for the past couple of years. Moreover, its value rose while the value of LTC consolidated on the charts.
RR, indicating high confidence while the price seemed low, meant that LTC still had an attractive risk/reward ratio from an investment perspective.
In terms of activity, there was a similar pattern.
While the price has been slowly advancing over the past month, the number of active addresses has declined slightly.This is usually a bearish divergence, but the fact that the number of transactions has almost reached the peak set back in 2017 is a sign of a rally.
On January 4, 2018, the number of confirmed transactions for LTC reached 166,000. And on September 4, 2021, the number of transactions approached 161,000. At the time of publication, LTC had recorded ~144,000 transactions.
