{"id":524231,"date":"2023-03-23T13:40:36","date_gmt":"2023-03-23T13:40:36","guid":{"rendered":"https:\/\/www.wncen.com\/?p=524231"},"modified":"2023-03-23T13:30:36","modified_gmt":"2023-03-23T13:30:36","slug":"litecoin-surges-12-24-flips-shiba-inu-market-cap","status":"publish","type":"post","link":"https:\/\/www.wncen.com\/news\/litecoin\/litecoin-surges-12-24-flips-shiba-inu-market-cap\/","title":{"rendered":"Litecoin Surges 13% In Last 24 Hours, Flips Shiba Inu In Market Cap"},"content":{"rendered":"

Litecoin has flipped Shiba Inu in market cap today as the cryptocurrency has shown a strong performance of 13% gains during the last 24 hours.<\/p>\n

Litecoin Has Shown A Sharp Uptrend During The Past Day<\/h2>\n

Most of the cryptocurrency market has struggled during the past day as assets have either registered declines or moved sideways. Even Bitcoin, which had shown to be quite resilient recently, has gone underwater in this period.<\/p>\n

Litecoin, however, has shown surprisingly sharp bullish momentum regardless of what has been going on in the rest of the sector, and as a result, has significantly outperformed the other top coins.<\/p>\n

At the time of writing, LTC is trading around $91, up 13% in the last 24 hours. The below chart shows how the coin has performed during the past month.<\/p>\n

\"Litecoin<\/p>\n

Looks like the price of the asset has shot up during the past day | Source: LTCUSD on TradingView<\/a><\/pre>\n
As you can see in the above graph, Litecoin has noticed some high volatility during the last 30 days. The coin had taken a sharp plunge earlier in the month (much like the rest of the market) but had then recovered strongly after forming a bottom.<\/p>\n
Related Reading: Quant Points Out Curious Relationship Between USDT Inflows & Bitcoin Price<\/a><\/div>\n
LTC’s recovery, however, slowed down in the last week before the coin could reach the same high levels as one month ago. But it seems like the uptrend has finally resumed, as the coin has seen some sharp rise today.<\/p>\n
As it stands, Litecoin has enjoyed profits of about 15% during the past week, making the coin the best-performing top cryptocurrency after XRP<\/a> (which has managed about 22% in gains).<\/p>\n
But nonetheless, even with the strong surge in the past day, the asset is still about 4% into the red in terms of monthly returns as the recovery hasn’t quite finished yet.<\/p>\n
Related Reading: Bitcoin Whale Activity Reaches Highest Weekly Levels Of 2023<\/a><\/div>\n
Signs are looking good for LTC in long-term growth, though, as a strong bullish narrative in the form of the halving<\/a> is just a few months away now. A halving is an event where an asset’s production rate (the mining block reward, to be more specific) is permanently cut in half.<\/p>\n
This is a periodic event that takes place about every four years, with the next one being estimated to occur in August. Historically, halvings have had a bullish effect on the price because the supply becomes more scarce following them.<\/p>\n
LTC Has Flipped SHIB In Market Cap<\/h2>\n
Thanks to the strong upwards momentum that Litecoin has enjoyed today, the asset’s market cap has grown larger than Shiba Inu<\/a>‘s. The asset has now dethroned the meme coin from the 13th spot on the list, as data from CoinMarketCap<\/a> shows.<\/p>\n
\"Litecoin<\/p>\n
LTC seems to have a market cap of $6.6 billion right now | Source: CoinMarketCap<\/a><\/pre>\n
While Litecoin may have taken the lead for now, the gap between it and Shiba Inu is less than $250 million. This means that the coin can easily fall down again if it doesn’t keep up its performance, or if SHIB starts to do slightly better than it is currently.<\/p>\n
Featured image from Michael F\u00f6rtsch on Unsplash.com, chart from TradingView.com<\/div>\n","protected":false},"excerpt":{"rendered":"
Litecoin has flipped Shiba Inu in market cap today as the cryptocurrency has shown a strong performance of 13% gains during the last 24 hours. Litecoin Has Shown A Sharp Uptrend During The Past Day Most of the cryptocurrency market has struggled during the past day as assets have either registered declines or moved sideways. Even Bitcoin, which had shown to be quite resilient recently, has gone underwater in this period. Litecoin, however, has shown surprisingly sharp bullish momentum regardless of what has been going on in the rest of the sector, and as a result, has significantly outperformed the other top coins. At the time of writing, LTC is trading around $91, up 13% in the last 24 hours. The below chart shows how the coin has performed during the past month. Looks like the price of the asset has shot up during the past day | Source: LTCUSD on TradingView As you can see in the above graph, Litecoin has noticed some high volatility during the last 30 days. The coin had taken a sharp plunge earlier in the month (much like the rest of the market) but had then recovered strongly after forming a bottom. Related Reading: Quant Points Out Curious Relationship Between USDT Inflows & Bitcoin Price LTC’s recovery, however, slowed down in the last week before the coin could reach the same high levels as one month ago. But it seems like the uptrend has finally resumed, as the coin has seen some sharp rise today. As it stands, Litecoin has enjoyed profits of about 15% during the past week, making the coin the best-performing top cryptocurrency after XRP (which has managed about 22% in gains). But nonetheless, even with the strong surge in the past day, the asset is still about 4% into the red in terms of monthly returns as the recovery hasn’t quite finished yet. Related Reading: Bitcoin Whale Activity Reaches Highest Weekly Levels Of 2023 Signs are looking good for LTC in long-term growth, though, as a strong bullish narrative in the form of the halving is just a few months away now. A halving is an event where an asset’s production rate (the mining block reward, to be more specific) is permanently cut in half. This is a periodic event that takes place about every four years, with the next one being estimated to occur in August. Historically, halvings have had a bullish effect on the price because the supply becomes more scarce following them. LTC Has Flipped SHIB In Market Cap Thanks to the strong upwards momentum that Litecoin has enjoyed today, the asset’s market cap has grown larger than Shiba Inu‘s. The asset has now dethroned the meme coin from the 13th spot on the list, as data from CoinMarketCap shows. LTC seems to have a market cap of $6.6 billion right now | Source: CoinMarketCap While Litecoin may have taken the lead for now, the gap between it and Shiba Inu is less than $250 million. This means that the coin can easily fall down again if it doesn’t keep up its performance, or if SHIB starts to do slightly better than it is currently. Featured image from Michael F\u00f6rtsch on Unsplash.com, chart from TradingView.com<\/p>\n","protected":false},"author":542,"featured_media":524257,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[16897],"tags":[10,86172,2828,2831,83668,83667,87679,84562],"class_list":["post-524231","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-litecoin","tag-litecoin","tag-litecoin-market-cap","tag-ltc","tag-ltcusd","tag-shib","tag-shiba-inu","tag-shiba-inu-market-cap","tag-shibusd"],"acf":[],"yoast_head":"\nLitecoin Surges 13% In Last 24 Hours, Flips Shiba Inu In Market Cap<\/title>\n<meta name=\"description\" content=\"Litecoin has flipped Shiba Inu in market cap today as the cryptocurrency has shown a strong performance of 13% gains during the last 24 hours. 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Keshav has been writing for many years, first as a hobbyist and later as a freelancer. He has experience working in a variety of niches, even fiction at one point, but the cryptocurrency industry has been the longest he has been attached to. In terms of official educational qualifications, Keshav holds a bachelor\u2019s degree in Physics from one of the premier institutes of India, the University of Delhi (DU). He started the degree with an aim of eventually making a career in Physics, but the onset of COVID led to a shift in plans. The virus meant that the college classes had to be delivered in the online-mode and with it came free time for him to explore other passions. Initially only seeking to make some beer money, Keshav unexpectedly landed clients offering real projects, after which there was no looking back. Writing was something he had always enjoyed and to be able to do it for a living was like a dream come true. Keshav completed his Physics degree in 2022 and has been focusing on his writing career since, but that doesn\u2019t mean his passion for Physics has ended. He eventually plans to re-enter university to obtain a masters degree in the same field, but perhaps only to satiate his own interest rather than for using it as a means to find employment.. Keshav has found blockchain and its concepts fascinating ever since he started going down the rabbit-hole back in 2020. On-chain analysis in particular has been something he likes to research more about, which is why his NewsBTC pieces tend to involve it in some form. Being of the science background, Keshav likes if concepts are clear and consistent, so he generally explains the indicators he talks about in a bit of detail so that the readers can perhaps come out having understood and learnt something new. As for hobbies, Keshav is super into football, anime, and videogames. He enjoys football not only as a watcher, but also as a player. For games, Keshav generally tends towards enjoying singleplayer adventures, with EA FC (formerly FIFA) being the only online game he is active in. Though, perhaps due to being ultra-focused on the game, he is today a semi-pro on the EA FC scene, regularly participating in tournaments and sometimes even taking back prize money. Because of his enthusiasm for anime and games, he also self-learned Japanese along the way to consume some of the untranslated gems out there. The skill didn\u2019t merely remain as just a hobby, either, as he put it to productive use during his exploration for small-time gigs at the start of COVID, fulfilling a couple of Japanese-to-English translation jobs. Keshav is also big into fitness, with agility and acceleration-related workouts making a big part of his program due to the relevance they have in football. On top of that, he also has a more traditional strength based program for the gym, which he does to maintain an overall fitness level of his body.","sameAs":["https:\/\/www.linkedin.com\/in\/keshavverma29\/","https:\/\/x.com\/https:\/\/twitter.com\/keshavvarma29"],"url":"https:\/\/www.wncen.com\/author\/hououinkyouma29\/"}]}},"parsely":{"version":"1.1.0","meta":{"@context":"https:\/\/schema.org","@type":"NewsArticle","headline":"Litecoin Surges 13% In Last 24 Hours, Flips Shiba Inu In Market Cap","url":"http:\/\/www.wncen.com\/news\/litecoin\/litecoin-surges-12-24-flips-shiba-inu-market-cap\/","mainEntityOfPage":{"@type":"WebPage","@id":"http:\/\/www.wncen.com\/news\/litecoin\/litecoin-surges-12-24-flips-shiba-inu-market-cap\/"},"thumbnailUrl":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/03\/michael-fortsch-I1PywtFZY6s-unsplash-scaled.jpg?resize=200%2C200","image":{"@type":"ImageObject","url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/03\/michael-fortsch-I1PywtFZY6s-unsplash-scaled.jpg?fit=2560%2C1586"},"articleSection":"Litecoin","author":[{"@type":"Person","name":"Keshav Verma"}],"creator":["Keshav Verma"],"publisher":{"@type":"Organization","name":"NewsBTC","logo":"https:\/\/www.wncen.com\/wp-content\/uploads\/2020\/06\/cropped-cropped-cropped-favicon.png?w=32"},"keywords":["litecoin","litecoin market cap","ltc","ltc\/usd","shib","shiba inu","shiba inu market cap","shibusd"],"dateCreated":"2023-03-23T13:40:36Z","datePublished":"2023-03-23T13:40:36Z","dateModified":"2023-03-23T13:40:36Z"},"rendered":"<script type=\"application\/ld+json\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@type\":\"NewsArticle\",\"headline\":\"Litecoin Surges 13% In Last 24 Hours, Flips Shiba Inu In Market Cap\",\"url\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/litecoin\\\/litecoin-surges-12-24-flips-shiba-inu-market-cap\\\/\",\"mainEntityOfPage\":{\"@type\":\"WebPage\",\"@id\":\"http:\\\/\\\/www.wncen.com\\\/news\\\/litecoin\\\/litecoin-surges-12-24-flips-shiba-inu-market-cap\\\/\"},\"thumbnailUrl\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/michael-fortsch-I1PywtFZY6s-unsplash-scaled.jpg?resize=200%2C200\",\"image\":{\"@type\":\"ImageObject\",\"url\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2023\\\/03\\\/michael-fortsch-I1PywtFZY6s-unsplash-scaled.jpg?fit=2560%2C1586\"},\"articleSection\":\"Litecoin\",\"author\":[{\"@type\":\"Person\",\"name\":\"Keshav Verma\"}],\"creator\":[\"Keshav Verma\"],\"publisher\":{\"@type\":\"Organization\",\"name\":\"NewsBTC\",\"logo\":\"https:\\\/\\\/www.wncen.com\\\/wp-content\\\/uploads\\\/2020\\\/06\\\/cropped-cropped-cropped-favicon.png?w=32\"},\"keywords\":[\"litecoin\",\"litecoin market cap\",\"ltc\",\"ltc\\\/usd\",\"shib\",\"shiba inu\",\"shiba inu market cap\",\"shibusd\"],\"dateCreated\":\"2023-03-23T13:40:36Z\",\"datePublished\":\"2023-03-23T13:40:36Z\",\"dateModified\":\"2023-03-23T13:40:36Z\"}<\/script>","tracker_url":"https:\/\/cdn.parsely.com\/keys\/wncen.com\/p.js"},"jetpack_sharing_enabled":true,"jetpack_featured_media_url":"https:\/\/www.wncen.com\/wp-content\/uploads\/2023\/03\/michael-fortsch-I1PywtFZY6s-unsplash-scaled.jpg?fit=2560%2C1586","amp_enabled":true,"_links":{"self":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/524231"}],"collection":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/users\/542"}],"replies":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/comments?post=524231"}],"version-history":[{"count":0,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/posts\/524231\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media\/524257"}],"wp:attachment":[{"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/media?parent=524231"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/categories?post=524231"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.wncen.com\/wp-json\/wp\/v2\/tags?post=524231"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}