Litecoin rises by over 5% in an hour, driving a fresh rally as the month closes

  • 29 June 2019, Saturday, 11:00

In a brief rally led by the silver crypto, Litecoin prices soared, propelling the cryptocurrency market to a market cap of $336.2 billion. As bulls approached for short-term, two other digital coins, Bitcoin Cash and Ripple’s XRP exhibited price recovery.

From hovering below $35 to trading above $120, Litecoin’s valuation has quadrupled in a period of six months. Despite suffering losses in its price after soaring this month, Litecoin climbed to $125.3 following a rise of 5.49% in an hour. At press time, the digital coin held a market cap of $4.5 billion. The 24-hour trading volume registered by LTC was $4.5 billion a major portion of 8.7% which was being traded at CoinEgg via the trading pair LTC/USDT.

Rising by 3.86% in the 1-hour window, the Bitcoin hard fork coin stood at a valuation of $430. BCH, at the press time, recorded a market cap of $7.68 billion and a trading volume of $2.15 billion over the past 24-hours. BCH via the trading pair BCH/USDT at OEX contributed a major 14.1% to the trading volume. Throughout the year, Bitcoin Cash had performed fairly well and was showing strong bullish signals.

Ripple has been involved in numerous developments and the latest one that has attracted institutional investors is the partnership with MoneyGram. Its native cryptocurrency, XRP had posted minor rallies throughout the year along with its peers. At press time, XRP appreciated by 3.43% to a price of $0.41. The market cap held by the digital coin stood at $17.7 billion and a 24-hour trading volume of $1.6 billion out of which 4.52% was contributed by the trading pair XRP/USDT at