Litecoin Skyrockets past $60

[andrzej.srankiewicz]

As of Sunday, Litecoin has roared past its own highs and traded past $64 before finally stabilizing at $62. This price surge is surprising as other cryptocurrencies have seen little to no gains over the last week.

Litecoin hovered in the mid to high forties since its last increase in July. However, starting on the twenty-sixth of August, Litecoin gained 18.8 points. This 18.8 point increase led to Litecoin outperforming other major cryptocurrencies such as Ethereum and Bitcoin. For the first time ever, Litecoin’s market cap also exceeded 3 billion dollars making it the fourth largest coin by market cap.

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