Cryptomarket took a temporary respite

March 21, 2019   Litecoin

The main cryptocurrencies at the time moved to growth, despite the fact that the market is still strong downward. Positive for digital assets has become a number of favorable news. For example, Binance Crypto Exchange in Australia began selling bitcoins through newsstands. And IBM launches global payment network on Stellar cryptocurrency blockchain. This network is designed to be XRP from Ripple.

Many Bitcoin critics usually claim that even the current price of BTC is overpriced, since this digital currency is not used in retail. However, over time, a number of companies have introduced this method of payment with digital assets for their goods and services. Some of the most prominent recent examples are the Swedish online retailer Digitec Galaxus AG and a supplier of electronic components from Phoenix Avnet. Two large companies, which have declared their support for Bitcoin and other cryptocurrencies, have announced the addition of this payment method.

The cryptomarket in general turned out to be clamped in a narrow range, however there is one coin, the cost of which has almost doubled since the beginning of the year. It's about Litecoin (LTC). The fifth largest cryptocurrency, which is currently trading at $ 60.75, won through several large partnerships. The Litecoin team expertly attracts merchants to integrate with LTC payments. Cryptocurrencies are known for their low commissions compared to traditional payments. Litecoin here also follows a general trend. In November 2018, a $ 62 million transaction cost $ 0.50 on the Litecoin network. The Litecoin Core version 0.17.1, which is available on GitHub for testing, is designed to lower costs and further than a bullish impulse towards a coin can be explained.

Against the background of positive news, the rate of Bitcoin increased by 1.17% by 9.00 a day to 4,021 dollars with a capitalization of 71.8 billion dollars. Ethereum by this time has risen in price by 2.02% - to 138.3 dollars with a capitalization of 14.8 billion dollars. XRP, according to Libertex, grew in price by 1.58% - to $ 0.316, its capitalization amounted to $ 13.3 billion. Litecoin per day increased by 3.19% - to 59.7 dollars with a capitalization of 3.7 billion dollars.

The total capitalization of the crypto market has reached $ 141.4 billion. According to financial scouts, in spite of a temporary respite, the slide of the crypto market will continue in the near future. Soon, Bitcoin could fall in price to $ 3,900, Ethereum - up to $ 135, XRP - up to $ 0.3, and Litecoin - up to $ 57-58.

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