Litecoin Price Surges to New All-Time High Over $60

< img class =-LRB- *********) src =-LRB- **********) alt =-LRB- ***********) width =-LRB- ************) height =-LRB- *************)/ >

Litecoin costs have actually risen over the past 24 hours, reaching a new all-time high following a month of sideways trading.

Peakinglast night at21:24UTC, the fifth-largestcryptocurrencyby market capitalization reached a record high of simply over $64– a 36 percent boost over the week. At press time, litecoin’s price had actually dropped to $62, according to information from CoinMarketCap.

Vigoroustrading in South Korea appears to be at least in part accountable for the increase, a pattern likewise seen for bitcoin money, monero and Ripple’s XRP in recent days.

CoinMarketCap shows that Korean exchange Bithumb was accountable for as much as 25 percent of the volume in the last 24 hours, though Chinese exchanges OKCoin and Huobi saw 18 and 15 percent respectively.

Imminentregulative modifications concerning cryptocurrencies in South Korea have been cited as a factor for the abrupt development in interest in the nascent crypto possession class.

Lookingmore broadly, the combined market cap for all cryptocurrencies has actually once again reached a new high, brushing the $159 billion mark at 00: 07 UTC today, according to CoinMarketCap.

Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.

Litecoinsimage by means of Shutterstock