Litecoin (LTC) traded at its highest levels in mid-February since early spring 2018. The coin reached $ 231, but could not hold on to the conquered positions.
On Friday, March 26, the LTC rate fell another half a percent to $ 176. Litecoin's capitalization fell to $ 11.816 billion.
Altcoin dropped to 10th place in the ranking of the largest digital currencies. Cryptocurrency ChainLink (LINK) is literally in its back, the capitalization of which is now just over $ 11.7 billion.
Litecoin, created by Charlie Lee in 2011, was originally marketed as "digital silver". If Bitcoin is viewed as "digital gold", then LTC has considered itself the "little brother of BTC" since its inception on the market.
The decline in the value of LTC is observed against the background of high network activity. According to BitinfoCharts, the Litecoin network is now on average. processes 106,217 transactions per day - this is the maximum figure since the beginning of March.
As a result of the February correction, the LTC rate fell to $ 160. The coin was then able to rebound, but the pressure is still there. Most likely, today we will see how Litecoin will fly out of the top ten cryptocurrencies, observers predict.