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Litecoin Prices Surge Above $70 As Crypto Market Tops $175 Billion

An anonymous reader quotes a report from CoinDesk: The cryptocurrency markets continued to rise today as the asset class observed strong gains, including most notably, perhaps, litecoin. The digital asset once dubbed “the silver to bitcoin’s gold” passed $78 to achieve a new all-time high at 06:54 UTC this morning, according to CoinMarketCap data. Standing at $75.57 at press time, litecoin has increased by 17.28 percent over the past 24 hours and an astonishing 49.37 percent over the last week. Long in the doldrums, litecoin has seen a resurgence since its community moved to activate Segregated Witness (SegWit) on its network early in May — a scaling solution that also opens the door to new features such as smart contracts going forward. Taking a wider view, the combined market capitalization of all digital currencies attained a new record high today, and had passed $175 billion at press time. That’s up from $170.8 billion just yesterday, also going by data from CoinMarketCap.

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