Litecoin (LTC) is currently the largest digital currency after Bitcoin (BTC) and Ethereum (ETH) with a market capitalization of $ 11.4 billion.
This makes digital silver the fourth most valuable blockchain project after overcoming Ripple (XRP) over the past few weeks after Tether (USDT).
The expansion of digital assets such as LTC, Bitcoin Cash (BCH), ETH, and BTC has also been linked to PayPal's involvement in supporting cryptocurrency trading since October 2020.
The BTC surge also played a role in bringing the BCH and LTC prices to higher levels.
For example LTC has shown some of the highest penetrations, exceeding $ 100 and continuing to rise to the level of $ 120. At the time of writing, this asset is trading at $ 171 with a 21.7% jump in 24 hours from $ 167.
Last week, Litecoin co-founder Charlie Lee uploaded a tweet explaining the recent LTC surge.
"High liquidity on every exchange platform, the second highest currency supported at every ATM, has 350 million PayPal users, Grayscale savings reaching $ 104 million, Scrypt hash dominance of 99%, fast and cheap transactions, over $ 500 billion has been moved."
In addition, sustainable networking and ongoing expansion include MimbleWimble integration - privacy solutions will trigger more LTC requests
