Litecoin price posted one of the biggest gains today, jumping from $236.76 at the start of the day to a high of $305.66 around noon Saturday (UTC), marking a 29% gain, before sliding back to $290.08 at the time of this report. With a market valuation of $15.85 billion, Litecoin is the fifth largest crypto by market cap behind fourth-place Cardano, with $28 billion.
Today’s high was well below the $370.78 Litecoin hit on Dec. 19 amidst the fourth quarter market rally. Litecoin creator Charlie Lee liquidated his LTC holdings shortly thereafter, claiming he wanted to remove his personal influence on Litecoin’s performance.
The price fell to $218.62 on Dec. 22, then embarked on an up and down journey.
The altcoin was briefly overtaken today by Tron, a blockchain-based entertainment platform with more than 300,000 active users in terms of market valuation.h Categories that also allow visitors to explore more of what interests them.
Charlie Lee Encouraged
Lee reaffirmed that he was not concerned with the short-term price trend of Litecoin, because other indicators showed that Litecoin was a more active blockchain network than its competition.
He said he cared very little about market cap rank and more about the number transactions. He said people need to actually use Litecoin, and the price will follow.
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