Connect with us

Altcoins

Litecoin [LTC], Stellar Lumens [XLM] see double-digit bull run amidst red November

Published

on

Litecoin [LTC], Stellar Lumens [XLM] see double-digit bull run amidst red November
Source: Unsplash

After a sturdy attack by the bears, the cryptocurrency markets seem to be blossoming green following an interim rise in prices. Litecoin [LTC] has risen by a massive 10.88% in the 24-hour time frame, while Stellar Lumens [XLM] has increased by a total of 10% at the time of writing.

The one-day time frame shows that prices for Litecoin began trading at $28.34 on November 25.

Source: CoinMarketCap

The prices remained the same for a couple of hours and then took a steep downturn and reached $27.18, when the market cap was a mere $1.60 billion. The prices gained momentum after this point and crossed the $30 barrier and reached $32, post which the prices remained the same.

When compared to the seven-day time frame, the prices have been suffering a continuous downtrend, which resulted in the depreciation of prices from ~$41 to $31. In a one-month scenario, the prices of Litecoin have decreased by ~40% and are currently trading at $31.54.

Litecoin’s trading volume has also shown a good increase in the one-day time frame and the current volume is $543.31 million. Most of the volume for Litecoin is coming from DOBI Trade by the trading pair LTC/BTC. It contributes a total of $88.51 million in trade volume, which is 14.69%.

Stellar Lumens has also seen a massive increase of 9.01% in the 24-hour time frame, where the prices of XLM increase from $0.14 to $0.16, and then fell down to $0.15.

 

Source: CoinMarketCap

The prices, in the aforementioned time frame, began trading at $0.1428, at which point the market cap was holding steady at $2.73 billion. Lumen’s prices spiraled down to a low of $0.1337, which was last seen in December 2017.

However, the prices recuperated to $0.1632, which was ephemeral and fell down again, and are trading at $0.154. The market cap of Stellar Lumens has almost hit $3-billion mark [$2.963 billion].

The total trading volume of the XLM is at $130.69 million, of which ~30% is contributed by Binance with trading pairs XLM/USDT and XLM/BTC.



Follow us on Telegram | Twitter | Facebook



Akash is your usual Mechie with an unusual interest in cryptos and day trading, ergo, a full-time journalist at AMBCrypto. Holds XRP due to peer pressure but otherwise found day trading with what little capital that he owns.

Trending

Subscribe to AMBCrypto's Newsletter