Litecoin has surpassed Ethereum and Zcash in transactions and points very closely to Bitcoin, in addition, Litecoin is gaining valuation, around $ 45-50, with a rise that passes 40%.

We always talk about Ethereum, Zcash or Bitcoin, but there are many more currencies and today we are going to talk about Litecoin, a currency that is gradually gaining weight and that is considered among experts as a strong cryptocurrency as a rock. This coin is registering a significant rise in valuation, something that was quite difficult to predict in this case, since there was no data that would suggest a rise in the valuation of this cryptocurrency. It should be noted that the price of Litecoin was more or less stable in recent months, with rises and falls, but with a fairly fixed valuation.

Today Litecoin is registering about 19 million transactions and registers a value of one billion dollars in the last 24 hours, which shows a significant success on the part of this cryptocurrency. There have been increases in Litecoin in recent months, but they have not been constant, they have been rather specific. This new uptrend, we don't know if it will last long or it will be a casual short-term rise. If it were the case that the volume of operations of this cryptocurrency, continued at this level, we would be facing a significant rise in Litecoin.

This time, Litecoin is experiencing a significant surge, currently trading near $45 and breaking the $40 barrier for the first time. According to the specialized website Coinmarketcap , this rise is being driven by Chinese and Korean investors who are reportedly stockpiling these cryptocurrencies. Looking at the price of this cryptocurrency on Coinmarketcap, we see that Huobi, OKCoin.com, and Bithumb are selling it for almost $50. The first two are Chinese exchanges, and the third is South Korean. Poloniex holds fourth place, also trading at nearly $45, while CHBTC is fifth, with a value close to $50.

Surely you are wondering what is the reason why the price of Litecoin is increasing at the moment. Everything points to the problems of the Bitcoin network in China, which is not exactly at its best. Apparently on August 1 there will be a break in the Bitcoin chain, which would affect many people, causing a drop in the valuation of Bitcoin and allowing other cryptocurrencies to take the lead in the cryptocurrency market. Many voices talk that Ethereum would take the lead, but voices have emerged that bet more on Litecoin. It could also happen that nothing happens in the Bitcoin market.

Logically the Litecoin community is happy about this increase in price, which is good for them. Things have been going very well for Litecoin in recent times, being able to improve a lot more next August 1, if the predicted changes really occur. Now we only need to see if this rise in valuation is a trend or simply a specific thing like the previous occasions.