{"id":53551,"date":"2023-06-30T19:21:38","date_gmt":"2023-06-30T23:21:38","guid":{"rendered":"https:\/\/coinscreed.com\/staging\/?p=53551"},"modified":"2023-06-30T19:52:40","modified_gmt":"2023-06-30T23:52:40","slug":"litecoin-ltc-displaces-solana-reclaims-top-ten-position","status":"publish","type":"post","link":"https:\/\/coinscreed.com\/staging\/litecoin-ltc-displaces-solana-reclaims-top-ten-position\/","title":{"rendered":"Litecoin (LTC) Displaces Solana: Reclaims Top-Ten Position"},"content":{"rendered":"\n

Litecoin has regained its position as one of the top 10 largest cryptocurrencies<\/a> due to a remarkable price increase.<\/p>\n\n\n\n

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Litecoin (LTC) Displaces Solana: Reclaims Top-Ten Position<\/figcaption><\/figure>\n\n\n\n

Litecoin (LTC) has recorded a remarkable daily and weekly price increase amidst the current market volatility. Layer-1 Proof-of-Work (PoW) has reclaimed its position among the top nine digital currencies, displacing Solana (SOL).\r\n \r\n \r\n \r\n <\/g>\r\n \r\n \r\n \r\n <\/clipPath>\r\n <\/defs><\/svg><\/span><\/a><\/p>\n\n\n\n

The Bullish Run of Litecoin<\/h2>\n\n\n\n


This week, LTC was one of the most aggressive cryptocurrencies in terms of price increases. At the time of writing, the value of the digital currency is $108.67 after an unprecedented rise of 28.93%. Since the coin has not tested this price level since April of this year, surpassing $100 is a significant milestone.<\/p>\n\n\n\n

The recent growth drive has provided Litecoin with a defined weekly impetus. According to data from CoinMarketCap, <\/use><\/svg><\/span><\/a>the cryptocurrency is up 18.53%, as its present growth momentum has enabled it to recoup some of the losses incurred over the past period.<\/p>\n\n\n\n

Litecoin has reached several significant milestones in recent days. Litecoin's mining difficulty reached a new All-Time High (ATH) of 26.38 million at block height 2,500,802, surpassing 2 million transactions in the previous week.<\/p>\n\n\n\n

Currently, the coin's durability is being complemented by the protocol's high liquidity, which, according to Kaiko's ranking, has assisted in placing LTC in fifth place. Litecoin now trails only Bitcoin (BTC), Ethereum (ETH), XRP, and Dogecoin (DOGE) based on depth\/volume metrics.<\/p>\n\n\n\n

Litecoin has rejoined the Top 10!

But, $LTC<\/use><\/svg><\/span><\/a> is 5th in @KaikoData<\/use><\/svg><\/span><\/a>'s Liquidity Ranking for Crypto Assets! Which combines market depth with volume. Liquidity is key!https:\/\/t.co\/pQ4df4Bte5<\/use><\/svg><\/span><\/a> pic.twitter.com\/9Ab1Bw0XnK<\/use><\/svg><\/span><\/a><\/p>— Litecoin (@litecoin) June 30, 2023<\/use><\/svg><\/span><\/a><\/blockquote>\n\n\n\n

Possible Future Drive<\/h3>\n\n\n\n

Now that Litecoin has reclaimed its position as a top 10 cryptocurrency, the priority is to maintain this trajectory before pursuing new heights. The coin has several favorable fundamentals to anticipate, with its upcoming halving event being the most significant.<\/p>\n\n\n\n

The LTC halving is scheduled to occur in August when the rewards distributed to network miners will be cut in half. This event ultimately reduces the coin's supply, thereby contributing to its long-term value.<\/p>\n\n\n\n

Litecoin has also earned a prominent position as a payment token, as evidenced by its various integrations and partnerships.<\/p>\n","protected":false},"excerpt":{"rendered":"

Litecoin has regained its position as one of the top 10 largest cryptocurrencies due to a remarkable price increase. Litecoin (LTC) has recorded a remarkable daily and weekly price increase amidst the current market volatility. Layer-1 Proof-of-Work (PoW) has reclaimed its position among the top nine digital currencies, displacing Solana (SOL). The Bullish Run of […]<\/p>\n","protected":false},"author":53,"featured_media":53565,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21,83],"tags":[14991,9589,6343],"class_list":["post-53551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","category-bitcoin-news","tag-halving","tag-litecoin-2","tag-solana-news"],"jetpack_featured_media_url":"https:\/\/coinscreed.com\/staging\/wp-content\/uploads\/2023\/06\/d.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/53551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/users\/53"}],"replies":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/comments?post=53551"}],"version-history":[{"count":0,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/posts\/53551\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media\/53565"}],"wp:attachment":[{"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/media?parent=53551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/categories?post=53551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/coinscreed.com\/staging\/wp-json\/wp\/v2\/tags?post=53551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}