Due to the recent hype of Bitcoin earlier this week, Litecoin (LTC) has reacted with a massive run of its own. The cryptocurrency is now approaching a 100 percent price increase just 24 hours after Bitcoin cooled down.
Impactful surge of Litecoin
The price of Litecoin is quickly heading for $200 USD, marking LTC as the sixth largest market capitalization at almost $9 bln.
— Charlie Lee [LTC] (@SatoshiLite) December 8, 2017
Recently, there was some concern that a “flippening” would take place, with Bitcoin Cash threatening to overtake Bitcoin’s place as the leading cryptocurrency. However, if present trends continue, a different type of flippening may occur with Litecoin’s market cap potentially eclipsing that of BCH…