Baxia Markets
June 11, 2021

Litecoin bounces back from decline

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After the US government cracked the pipeline Ransome attack, almost all cryptocurrency went on a steep downhill. Litecoin, as a top 5 welcomed cryptocurrency, lost roughly one-quarter of its value in the past week. As of today, however, litecoin has followed Bitcoin’s lead for a market rebound. When the price got low enough, it attracted some risk-takers to invest in cryptocurrencies to take advantage of the moment. 




In addition, one company in the US has already made it easier for investors to add BTC to their retirement portfolio. iTrust Capital’s announcement attracted some investors to distribute more of their money in the cryptocurrency sector. Combined with the price dip, this created an excellent and healthy rebound of the price for both Bitcoin and Litecoin. The move upwards pushed Litecoin's market cap up to $11.106B, or 0.70% of the total cryptocurrency market cap. At its highest, Litecoin's market cap was $25.609B.


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