Ripple and Litecoin are two of the biggest names in the cryptocurrency markets. Both the currencies, at one point in time, held the #2 spot. However, they are two diverse currencies with practically nothing in common. Ripple has its eyes set towards becoming a global payments processing platform – and Litecoin is the ‘digital silver’ to Bitcoin’s ‘digital gold’. Let us take a look at how the prices of both these currencies performed over the past seven days and over the past 24 hours.
Ripple’s price, over the past 24 hours – has been going through a powerful uptrend, which has finally slowed down. While the currency fell by 1.11% over the 24-hour period, Ripple’s week-long performance has been very impressive. The currency, over the past one week – grew from $0.48 to $0.63 – peaking at a price of $0.69. Ripple’s market cap jumped by about $6 Billion over the week, closing the week at $24.7 Billion.
While a boom was expected in the Ripple prices since quite some time, Litecoin, on the other hand, wasn’t so optimistic. Market experts felt that the currency was bound to lose price and even hit a low-point of up to $90. However, thanks to the sudden boost in cryptocurrency prices – Litecoin gained momentum and closed the week at a price of $126.
Over the 24-hour period, Litecoin’s price fell from $130 to $126 – a fall of about 3%. Litecoin’s market cap too took a hit due to this, as it fell from 7.2 Billion to $7.0 Billion – a loss of almost $200 Million over the day. The week-long performance of Litecoin price has been rather impressive – as it went from $117 to a high of $133 before closing the week at $126. Litecoin’s market cap grew by $500 Million over the week.
For more Litecoin and Ripple price related updates and news stay tuned to Cryptocrimson or you can also bookmark our page. We’ll also keep adding updates to this article for real-time analysis.
Disclaimer: Neither the management nor the authors at CryptoCrimson are responsible for any losses, financial or otherwise, which may occur due to investing based on our articles. These are market predictions – which are not set in stone. The information provided is only for educational purposes and cannot be considered a financial advice.