Altcoin price exceeded $ 251, and its capitalization increased to $ 17 billion
Over the past day, the Litecoin price has increased by 20%, to $ 251. Altcoin was last traded at this level in May of this year. Litecoin capitalization has increased to $ 17 billion, according to CoinGecko. The rise in Litecoin price may be caused by the update of the historical high of bitcoin above $ 68 thousand.
In September, the Litecoin Foundation, a non-profit organization that develops and maintains the Litecoin cryptocurrency, announced the launch of a decentralized platform that allows the issuance of new tokens and NFTs. The platform differs from the existing protocols by lower transaction fees.
Litecoin is a global decentralized p2p payment network built on the Bitcoin blockchain that was developed in 2011.