Cryptocurrency Trading News: Litecoin Gaining Value; Other Coins Losing It

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ForexMinute.com – It seems like Litecoin is finally wearing off the negativity that surrounded it recently. In the last 24 hours, the coin showed a wonderful recovery, especially when its long-time connoisseur Bitcoin slipped within the same span. Although, Bitcoin was not alone to drop in those hours; other top coins including Darkcoin, Nxt, Peercoin also slipped, though a lot more than Bitcoin.

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There was the entry of two new coins to the top market caps as well. On one hand, it was MaidSafeCoin that made it to the list after rising over 13% in the last 24 hours. On the other, it was XC that rose around 1.34% to bag the 10th wealthiest market cap after receiving possible optimism from the cryptocurrency investors.

Here is the full report:

BTC/USD
The BTC/USD instrument opened yesterday at around $633 and showed little aggression for the rest of the day, and eventually closed at around $635. Ever since the fall it faced after the announcement of EU regulators, ordering banks to not indulge in selling/buying virtual currencies, the pair has been calm for most of the time.

The BTC/USD has dropped over 0.5% in the last 24 hours and is priced at around $628.

LTC/USD
The LTC/USD opened at around $7.06 and dropped notably in the next few hours. It later found support at around $6.8 and rebounded, eventually reaching to the day’s peak at $7.139. Upon entering today’s trading hours, the pair remained to be stable but only for a while. It seemed like someone, or a group of somebodies, bought a large stack of Litecoin today, which eventually influenced the Litecoin prices to rise extensively.

At press time, the LTC/USD has surged around 5% in last 24 hours and is priced at $7.36.

To contact the reporter of the story: Yashu Gola at yashu@forexminute.com

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