Litecoin price news: How much is Litecoin worth now? | City & Business | Finance

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Litecoin price news: How much is Litecoin worth now? What is the price of LTC?

has had a strong week following the US tax deadline on Tuesday. 

Prices continue to rise for the altcoin, increasing by 3.73 percent in the last hour. 

As of 6.30pm today, Litecoin was trading at $142.19.

The cryptocurrency continues to make positive steps forward, as the rest of the market forges forward. 

Bitcoin is currently trading at $8,234, Ether at $544, Ripple with $0.728, and Bitcoin Cash at $940.

The market has risen steadily over the last 7-day period and looks set to continue. 

How much is Litecoin worth now? 

LTC has been quietly improving on the rest of the market in a steady, bullish climb 

The altcoin is renowned for its agile transaction process, vastly outpacing bitcoin and Ethereum.

Fast-moving start-ups have taken to Litecoin since May 2017, when it served as the host platform that allowed completion of the initial Lightning Network transaction, with 00000001 LTC going from Zürich to San Francisco in less than one second.

As with most markets, all ships rise with the tide, and Litecoin has been benefitting from the market-wide gains seen this week across all cryptocurrencies. 

LTC is performing well on the 7-day chartsCoinMarketCap

LTC is performing well on the 7-day charts

Tuesday, the US tax deadline, was initially expected to be a tough week for the market, as American traders looked to make a quick buck to pay capital gains tax. 

A large sell-off was expected, driving down the price, but, for the most part, the market has emerged relatively unscathed. 

Prices across the board continue to increase as new investors look to enter the market.

Litecoin is a popular currency on the Dark Web, a part of the internet that blocks IP location and allows for truly anonymous browsing and access to deeper parts of the internet. 

Litecoin prices have gone up by 3 percent in the last hourCoinMarketCap

Litecoin prices have gone up by 3 percent in the last hour

Since has slowly parted ways with the often nefarious Deep Web, Litecoin has taken its place, with 30 percent of all transactions on the Dark Web being through LTC.

Although some of the activities associated with the Dark web aren’t entirely ethical or even legal, the fact that Litecoin is a preferred option there speaks positive things about it. People started having problems with the inflated prices of the network, a consequence of Bitcoin’s high commission fees and started looking at Litecoin.

According to Forbes, there are at least five reasons for optimism when it comes to projecting Litecoin’s 2018 outlook. The first one is that Bitcoin’s growths and futures trading, which spiked its prices.

Continued increases have helped Litecoin jump into the top five cryptocurrencies, allowing LTC to trade on Coinbase, one of the largest exchanges in the world.

The similarities to bitcoin, coupled with its faster processing time is enlightening traders to the power of speed. 

The coin is also improving its popularity among the famous and influential, with JaVale McGee, an NBA champion with the Golden State Warriors, tweeting: “I wonder, if someone extremely famous tweets ‘buy litecoin’ will it go up….”

Indeed, sentiment among regular traders is increasing.

In a survey from ambcrypto.com, minors, traders and analysts revealed 54 percent of Litecoin respondents feel that the coin is doing well and is looking for a breakout.

They feel that the price may drop in future but not at the present moment.

Omkar Singh, an altcoin correspondent from Mumbai says:

“Litecoin is very much undervalued in the present times. The Litecoin supply in circulation now is 56 million out of the available 84 million. This means that almost 2/3rds of the total is in circulation which leaves a total of 28 million to be mined.”

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