Having spent a better part of the last month defending the key trend line support, the cryptocurrency is finally exploring above the $60 mark – clocking a three-week high of $63.71 yesterday.
At press time, the litecoin-U.S. dollar (LTC/USD) exchange rate is at $62.00 levels. As per CoinMarketCap, LTC has seen a 7.46 percent appreciation in value over the last 24 hours. On a weekly basis, it’s up 13.38 percent.
So what’s behind the sudden rally?
Some in the investor community believe that South Korean exchange Coinone’s decision to add LTC to its platform is the primary reason for the spike in prices. The argument has substance, as Coinone is one of the biggest cryptocurrency exchanges in the country – now the world’s third largest cryptocurrency market…