Litecoin [LTC] comes down the ladder from the 5th position to the 7th position

Litecoin [LTC] is the peer to peer digital cryptocurrency which enables users instant, almost-zero cost payments for transactions from anywhere in the world. It has come down from the fifth largest cryptocurrency to the seventh in the global market positions.

EOS [EOS] and Cardano [ADA] have overtaken Litecoin by a large margin. Cardona overtook Litecoin as it crossed the $9 million market capital. EOS was also at its all-time high last week.

Litecoin is now trading at $150.55. There has been a decrease in the growth of the coin of about 1.95% in the last 24 hours. The total market capital is $8 billion with the total volume in the last 24 hours looming around $3 billion. Earlier this week it was almost the double of this daily volume. The current circulating surplus of Litecoin [LTC] is about 56,314,938 LTC.

Litecoin [LTC] is the open source software project released under the MIT/X11 license. It is a worldwide payment network which is completely decentralized without any central authorities to hold power in. A mathematical solution secures the network and empowers users to control their own finances and transactions.

A Twitter user comments:

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“I made $1,000 in a day with Eos… I am going back to litecoin. Eos has to has to go crashing down at some point. I don’t know when that will be but it has went parabolic and with parabolic rises you know what comes later on.”

Another Twitter user says:

“Being a litecoin holder during this pump was like being a kid at Christmas seeing everybody get a present but you lol”

In December 2017, Litecoin’s founder had donated his entire Litecoin holdings. This was done to prove his continued involvement in Litecoin [LTC] was no longer motivated by personal financial gains.

Charlie Lee recently quoted:

“I still think that it was the right move at the time but I question whether  I had thought about it in the long run it was the right move but in the short term while the price is down, below the all-time high, it just feels that it was not the right decision to make. But I think five years down the road, when the price is back to the all-time high, I feel like it was the right move.”

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