Litecoin Price Tops $80 as Market Recovers from China ICO Ban

FYI.

Litecoin Price Tops $80 as Market Recovers from China ICO Ban:

The crypto markets are in full recovery mode, having regained nearly $25 billion between Tuesday morning and Wednesday night. It seems that investors have realized–as prominent trader WhalePanda noted yesterday–that China’s ICO ban has a direct effect on very few crypto projects.

Litecoin Price Recovers Past $80

One cryptocurrency that took a beating during the downturn was litecoin. Heading into the weekend, litecoin was in lock-step with bitcoin’s record rally. As bitcoin climbed toward $5,000, the litecoin price crossed milestone after milestone, eventually extending as high as $92 on September 2.

Since litecoin’s climb had been so quick–it had gained nearly 50% in a week–it fell rapidly during the sell-off. By September 5 at 2:00 UTC, the litecoin price had dropped to $59.

H/t reader kevin a.

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Crypto-Carnage Hits Entire Virtual Universe: Bitcoin, Ethereum, Litecoin Crushed

Crypto-Carnage Hits Entire Virtual Universe: Bitcoin, Ethereum, Litecoin Crushed:

Extending its overnight decline, Bitcoin is now down almost 15% from last week’s highs, back at its lowest since June 16th… in fact all of the largest 30 virtual currencies are deep in the red…

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The Bitcoin Parabola Continues: Up 10% In 12 Hours, Hits $1170

The Bitcoin Parabola Continues: Up 10% In 12 Hours, Hits $1170 (ZeroHedge, Nov 28, 2013):

Despite the US being largely on holiday, the demand for digital currencies continues to surge. Bitcoin has rallied another 10% overnight as Chinese appetite for alternative stores of value remains unabated (BTC China is nearing its record highs) as USD/BTC is trading at $1170 – on its way to crossing the Maginot line of gold’s spot price (within a few hours at this pace). Bitcoin though has nothing on its smaller cousin Litecoin which has now run from $1.11 to over $48 in the last 5 weeks. In fact, almost every crypto-currency in the world – from Infinitecoin to AnonCoin is surging… with only the ironically named PhoenixCoin (-68% overnight) not rising from the flames of fiat torment.