Litecoin (LTC) Grips The 4th Position In The Rating. Second Wind Coming?

One of the most unforseen and impressive consequences of the recent crypto bull run can be the return of Litecoin (LTC) to the TOP of the leaders. The “silver” crypto moved from the 7th position in the rating to the 4th almost instantly, in 24 hours.

If you look at the dynamics over the past 7 days, then Litecoin stands grandly in the "green" zone of the TOP-10, adding 32% in capitalization and increasing the gap with the closest contender which is EOS.

Various analysts claim there are reasons for the sudden surge of Litecoin (LTC). The first is the cooperation of the cryptocurrency with CoinGate: it has been announced that the company enabled Litecoin Lightning Network payments to all trading partners, the number of which has reached more than 4,500. Now shops can pay via Lightning Network, and that’s very positive news for Litecoin.

Great news! We are finally enabling #Litecoin #LightningNetwork payments to all our 4,500 merchants! So, feel free to use #LiteningNetwork for making purchases online, or accept LTC Lightning payments with your business. Go $LTC! @SatoshiLite @litecoin @LTCFoundation pic.twitter.com/j5Zrd8KXtz

— CoinGate (@CoinGatecom) 8 февраля 2019 г.

The second reason is the decision of Litecoin Core developers to integrate MimbleWimble into the network to ensure privacy. Thanks to this solution, many crypto enthusiasts could sell off other crypto assets in favor of “digital silver.”

At the moment, Litecoin is trading for $ 44.84 with a trading volume of $ 1.4 bln for the last 24 hours.

Image courtesy of Finder.com.au