Both Litecoin (LTC) and XRP are among the top 10, with huge price increases over the past 24 hours. The entire crypto market is currently posting moderate losses, but XRP and Litecoin are showing their resistance for different reasons.
Litecoin and XRP leads the rise
Over the past few days, we’ve seen how Bitcoin (BTC), Ethereum (ETH) and Binance Coin (BNB) lead the cryptocurrency market. Bitcoin retraced the $ 60,000 mark, Ethereum is in price discovery mode, and Binance Coin continues to approach $ 500 per BNB.
XRP and Litecoin have also enjoyed quiet gains over the past few days. XRP has jumped from under $ 1 to over $ 1.40 at the time of writing this article. According to data provided by CoinMarketCap, XRP has recorded gains of over 32% in the last 24 hours, over 129% in the last seven days alone. Currently, XRP has a market cap of $ 62 billion, and if it continues to rise, it could surpass BNB in the near future.
Instead, Litecoin has grown by 10.40% in the last 24 hours, reaching a price of $ 257 per token. This cryptocurrency has grown 28% in the last seven days. Thus, it became the third cryptocurrency to increase the most among the top 10 last week.
Earlier this year, the US Securities and Exchange Commission (SEC) launched a legal process against Ripple. This created a strong sales wave for the cryptocurrency. Things have changed now.
The court denied the SEC’s request for personal financial records not linked to XRP. This was a strong win for Ripple in the SEC v. Ripple case. This is something that can be seen in the sentiment of the community and how the cryptocurrency has soared in recent weeks.
Instead, Litecoin is an old digital asset that has been in the market for several years. Charlie Lee and the team behind LTC continue to work on new projects and applications. In the near future, the aim is to have Decentralized Finance (DeFi) projects supported by LTC through the Flare Network.
At the same time, Litecoin may release a new feature that will make transactions private in the near future. This way, users can be sure that their information is protected, similar to how Monero (XMR) works. While these developments have not yet been released, the market seems to be pricing them.