Litecoin price (LTC) rose above $100 Friday for the first time in eight days, a move that marked the asset’s likelihood of retesting its 2019 high at $107.60.
The world’s fifth largest cryptocurrency by market valuation bounced to 100.88 at 1106 UTC – the highest since May 17, 2019, according to San Francisco-based Coinbase exchange. The surge appeared in the wake of a market-wide upside correction, in which all the leading digital assets posted impressive intraday gains.
Nevertheless, the session profits noted in the Litecoin market were higher than those in other assets’ market. The past 24-hours alone saw the LTC-to-USD exchange rate jumping more than 13.5-percent, while the gains posted by bitcoin, the world’s leading cryptocurrency, were close to 4.84-percent.