Litecoin Prices Surge Above $70 as Crypto Market Tops $175 Billion

Gains have been made across many of the top cryptocurrencies today, with litecoin achieving a new all-time high.

AccessTimeIconSep 1, 2017 at 10:01 a.m. UTC
Updated Sep 13, 2021 at 6:53 a.m. UTC
10 Years of Decentralizing the Future
May 29-31, 2024 - Austin, TexasThe biggest and most established global hub for everything crypto, blockchain and Web3.Register Now
 Via CoinMarketCap
Via CoinMarketCap

The cryptocurrency markets continued to rise today as the asset class observed strong gains, including most notably, perhaps, litecoin.

The digital asset once dubbed "the silver to bitcoin's gold" passed $78 to achieve a new all-time high at 06:54 UTC this morning, according to CoinMarketCap data. Standing at $75.57 at press time, litecoin has increased by 17.28 percent over the past 24 hours and an astonishing 49.37 percent over the last week.

Long in the doldrums, litecoin has seen a resurgence since its community moved to activate Segregated Witness (SegWit) on its network early in May – a scaling solution that also opens the door to new features such as smart contracts going forward.

Once again, South Korean exchange Bithumb has seen the majority of the trading, hosting 22 percent of the litecoin volume in the last 24 hours. Chinese exchanges OKCoin and Huobi are close behind, with 18 and 14 percent, respectively.

While not yet close to its record high of over $0.40 set back in May, Ripple Labs' XRP token has also seen gains – rising 13.51 percent over the week to $0.25 today.

Dash and monero, too, have climbed this week, with press time prices at $382 (21.60 percent over seven days) and $140 (46.45 percent), respectively.

Taking a wider view, the combined market capitalization of all digital currencies attained a new record high today, and had passed $175 billion at press time. That's up from $170.8 billion just yesterday, also going by data from CoinMarketCap.

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

Formation flying image via Shutterstock


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

CoinDesk is an award-winning media outlet that covers the cryptocurrency industry. Its journalists abide by a strict set of editorial policies. In November 2023, CoinDesk was acquired by the Bullish group, owner of Bullish, a regulated, digital assets exchange. The Bullish group is majority-owned by; both companies have interests in a variety of blockchain and digital asset businesses and significant holdings of digital assets, including bitcoin. CoinDesk operates as an independent subsidiary with an editorial committee to protect journalistic independence. CoinDesk employees, including journalists, may receive options in the Bullish group as part of their compensation.

Learn more about Consensus 2024, CoinDesk's longest-running and most influential event that brings together all sides of crypto, blockchain and Web3. Head to to register and buy your pass now.