Litecoin price (LTC/USD) swings in mixed Thursday trading

The cryptocurrency enjoys strong performance in early trading, but pulls back after a short lived rally

Litecoin price (LTC/USD) swings in mixed Thursday trading

The Litecoin price (LTC/USD) has swung between gains and losses in today’s session, which has seen some coins such as Bitcoin and IOTA rising to new highs and others trading in the red.

Litecoin enjoyed a strong to today’s trading, as the cryptocurrency quickly rose to an intraday high of $104.82 and seemed capable of breaking its December 3 all-time high of $106.39. This was followed by rocky trading and a sharp price drop that happened toward the end of the morning session. The Litecoin price managed to held above the $100 mark and is currently hovering around $101.50, down from its yesterday close of $102.40.

Litecoin continues to enjoy strong market activity, with the currency’s trading volume currently standing at nearly $450 million. This is significantly higher than LTC’s volumes in the past four sessions, which were in the $350 million to $400 million range.

Coinbase’s GDAX platform has processed 17.1% of all trades that have taken place in the past 24 hours, according to data from Coinmarketcap. It is followed by OKEx, a Hong Kong-based subsidiary of Chinese exchange OKCoin, which recently launched an online peer-to-peer trading platform in response to China’s ban on crypto exchanges. The platform captures 14.6% of the total volume.

In today’s trading, the Litecoin price stood at $101.10, as of 13:54 GMT. The digital currency has lost 1.8% of its value over the past 24 hours and its market capitalisation currently stands at $5.7 billion.

For further information on how to buy and trade Litecoin, see our comprehensive Litecoin guide.

0 Brokers added for comparison:
Clear all