Litecoin price (LTC/USD) pulls back from one-year high $140
LTC has been trading mostly sideways since the start of today’s session, hovering around the level of its Wednesday close. At the time of writing, the Litecoin price was hovering around the $136 mark, according to data from digital currency tracker Coinmarketcap.
Even with the most recent pull-back, Litecoin has been one of the best performing digital currencies in recent months. Over the past week alone, the coin has gained over 30%. Litecoin is up more than 300% year to date.
The main driver for LTC’s rally is likely excitement over the upcoming halving of mining rewards, which is scheduled for August 6.
In today’s trading, the Litecoin price stood at $135.41, as of 14:47 BST. The digital coin has lost 2.4% of its value in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $8.4 billion.
Featured image: Wit Olszewski / Shutterstock.com
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source: https://theindependentrepublic.com/litecoin-price-ltc-usd-pulls-back-from-one-year-high-140/
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