Litecoin heads north 10% as traders gain confidence

Litecoin heads north 10% as traders gain confidence

On Monday, on the Index, Litecoin managed to conclude the trading session at $47.913, heading north by up to 10.04% on the day. It turned out to be the most impressive one-day percentage leap since February 8.

Apparently, the move upwards pushed Litecoin's market capitalization to $2.869B, which accounts from about 2.17% of the overall crypto market capitalization. By the way, at its highest, this crypto asset’s market capitalization amounted for $14.099B.

By the way, for the last twenty-four hours, Litecoin had fluctuated in a range $43.798-$47.913.

For the last seven days, this digital coin has faced a leap in value, heading north by approximately 8.55%. For the twenty-four hours to time of writing the overall volume of this crypto asset accounted for $1.328B, which amounts to nearly 4.28% of the total volume of all digital coins. For the last seven days, this digital currency has fluctuated in a band $40.7214-$47.9127.

It has been already noted that at its current price, the given digital coin is still down about 88.59% from its all-time maximum of $420.00 recorded in December, 2017.

As for other digital coins, on the Index, the number one crypto asset, Bitcoin was worth $3,874.1, ascending by up to 6.58% on the day.

As for the second digital coin by market capitalization, Ethereum, on the, it concluded the trading session at $147.12, demonstrating a 13.70% jump.

Bitcoin's market capitalization last amounted to $68.310B that stands for about 51.74% of the entire crypto market capitalization. In addition to this, Ethereum's market capitalization demonstrated nearly $15.455B, which is the equivalent of about 11.71% of the overall crypto market value.


USD/MXN: optimistic on the vaccine coming?
USD/MXN: optimistic on the vaccine coming?

During the daily press briefing of Andres Manuel Lopez Obrador, it was announced that Mexico will receive 1.4 million doses of the vaccine by the end of January. Is that optimistic enough for the peso?

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The market optimism waned amid stricter restrictions to control rising coronavirus infections. S&P 500 and Nasdaq dropped from the all-time highs, while the USD jumped higher.

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S&P 500 skyrocketed to the all-time high on optimism that Biden’s fiscal stimulus will support economic growth and boost corporate earnings.

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