Litecoin price continues to fall despite gains by Bitcoin and Litecoin users

Oct 27, 2021 Team

By Joseph Mennaro – 1 October 2017LONDON (Reuters) – Litecoin rose to a five-week high on Friday, with investors betting that the cryptocurrency would strengthen its position against the U.S. dollar and help it to take advantage of an uptick in demand for digital currencies.

Bitcoin was trading at $2,099.10 an ounce (1,715.50 euros), its highest since May 17, according to CoinDesk, the bitcoin price index.

Litecoin’s value is closely linked to the price of Bitcoin, which has surged to more than $3,000 a coin in recent days.LTC, which was trading lower at $1,872.70 ($1,924.50), gained about 8 percent to $1.6167 on Friday.

On Tuesday, the cryptocurrency gained about 4 percent in a day to $2.2 billion.

“We believe the rise in Litecoin will help to increase Litecoin’s market share against the dollar and the euro,” said Chris Johnson, managing director at investment firm Guggenheim Securities.

“Litecoins market cap is still significantly less than the U:D.

but it is likely to keep climbing as the dollar has fallen over the last 24 hours.”

The digital currency is trading at a premium against the euro, which it competes against in the euro zone, in the first half of 2018.

The dollar’s strength has forced banks to stop lending to customers in the region, which accounts for about 15 percent of the world’s GDP.

A U.N. report released on Friday said the euro-zone economy had contracted by 0.3 percent in the second quarter from the previous quarter, leaving the bloc without a full-year growth rate since the end of 2015.(Reporting by Joseph M. Bennet; Editing by Jonathan Oatis)

By admin

후원자

우리카지노 - 【바카라사이트】카지노사이트인포,메리트카지노,샌즈카지노.바카라사이트인포는,2020년 최고의 우리카지노만추천합니다.카지노 바카라 007카지노,솔카지노,퍼스트카지노,코인카지노등 안전놀이터 먹튀없이 즐길수 있는카지노사이트인포에서 가입구폰 오링쿠폰 다양이벤트 진행.우리카지노 | TOP 카지노사이트 |[신규가입쿠폰] 바카라사이트 - 럭키카지노.바카라사이트,카지노사이트,우리카지노에서는 신규쿠폰,활동쿠폰,가입머니,꽁머니를홍보 일환으로 지급해드리고 있습니다. 믿을 수 있는 사이트만 소개하고 있어 온라인 카지노 바카라 게임을 즐기실 수 있습니다.우리카지노 | Top 온라인 카지노사이트 추천 - 더킹오브딜러.바카라사이트쿠폰 정보안내 메리트카지노(더킹카지노),샌즈카지노,솔레어카지노,파라오카지노,퍼스트카지노,코인카지노.한국 NO.1 온라인카지노 사이트 추천 - 최고카지노.바카라사이트,카지노사이트,우리카지노,메리트카지노,샌즈카지노,솔레어카지노,파라오카지노,예스카지노,코인카지노,007카지노,퍼스트카지노,더나인카지노,바마카지노,포유카지노 및 에비앙카지노은 최고카지노 에서 권장합니다.Best Online Casino » Play Online Blackjack, Free Slots, Roulette : Boe Casino.You can play the favorite 21 Casino,1xBet,7Bit Casino and Trada Casino for online casino game here, win real money! When you start playing with boecasino today, online casino games get trading and offers. Visit our website for more information and how to get different cash awards through our online casino platform.