Litecoin Hits One-Month Peak Above $200

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Litecoin Hits One-Month Peak Above $200

News that a group of developers are looking to fork the cryptocurrency Litecoin, sent its price above $200 to a one-month high.

CoinDesk.com reports:

Overall, LTC has appreciated by 33 percent in the last 24 hours, up over 100 percent from the Feb. 6 low of $106.94. Further, with the move, litecoin's market capitalization has jumped above $10 billion for the first time since Jan. 29.

Litecoin is a peer-to-peer cryptocurrency and open source software project released under the MIT/X11 license. Creation and transfer of coins is based on an open source cryptographic protocol and is not managed by any central authority.

The cryptocurrency is only accepted at a handful of online gambling websites.  BetOnline was the first to embrace Litecoin.

- Aaron Goldstein, Gambling911.com

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