Data shows that the Lite Coin has soared by 9% in the past 24 hours, becoming the 12th largest cryptocurrency in the market.

Lite currency continued to see the rising trend, rising 15% in the past week

This last week is green for the crypto market, because many top coins gained double-digit profits during this period. LTC, which is already better off than other companies, is no different.

Especially in the past 24 hours, for me, the Lettercoin has increased by 9% because of the password. With the price rising, the current transaction price of the coin is about 83.1 dollars.

The following figure shows the trend of LTC value in the last month:

The price of passwords seems to have risen sharply in recent days

As you can see in the chart above, in the first third of November, LTC and other encryption markets collapsed together, and FTX fell.

However, in the last part of this month, the Lite Coin recovered rapidly and quickly exceeded its peak before the collapse.

LTC's strength last month was extraordinary, because even giants like Bitcoin and Ethereum still suffered double-digit losses due to the collapse.

Overall, in the past 30 days, Lite Coin has made a cumulative profit of 23%. From the weekly performance, LTC rose by more than 15%.

LTC becomes the 12th largest encryption company by market value

In the past month, LTC has climbed steadily on the top encryption ranking list, which is due to its strong strength during the decline of its competitors.

This list is based on the following standard market value, "a measure of the total value of the entire circulation supply of a password. The following table shows the market value of Lite Coin in the broader market.

It seems that Dai has dropped to No. 13 on the list

It was not until the end of October this year that the Lite Coin ranked No. 20 on the list, but since then, in more than a month, the Lite Coin has risen significantly to No. 8.

The coin above LTC is Polkadot, which has made some good returns recently, but it is still worse than LTC. If crypto can maintain its recent momentum, it may surpass DOT in the next few days and be ready to challenge the top ten.