Cryptomarket going on to fall

January 29, 2019

Major cryptocurrencies are going on to fall, despite a range of positive news for some digital assets. So, in particular, several favorable messages have entered the market for Litecoin.

In particular, the creator of this cryptocurrency Charlie Lee said that he wants to focus the development of his project on the introduction of confidential transactions. In his opinion, now Litecoin lacks interchangeability, which distinguishes stable currencies. In addition, the cryptocurrency exchange of derivatives Huobi DM launched trading contracts on Litecoin. Now the clients of the exchange are available contracts for a week, two weeks and three months. Despite this positive news, the Litecoin rate at 11.00 per day decreased by 0.99% - to $ 30.1, with a total market cap of $ 1.8 billion.

Bitcoin by this time fell by 1.47% - up to $ 3,360 with a market cap of $ 59.7 billion. Ethereum fell in price by 0.58% to $ 102.7, its capitalization reached $ 10.9 billion, despite the fact that this cryptocurrency was in second place in the ranking of the best digital currencies traditionally made in China. The XRP rate dropped by 3.45% to $ 0.28 with a capitalization of $ 11.9 billion.

The total market cap has reached $ 111.4 billion. Financial experts still believe that the major cryptocurrency rates will go on their further downward movement. Bitcoin may drop to $ 3,300, Ethereum - to $ 100, XRP - to $ 0.26-0.27, in Litecoin - to $ 28-29.

Cryptocurrency: Litecoin

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