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Litecoin’s continued strength in recent days has seen the coin become the 15th largest crypto by market cap, knocking Solana out of the way.

Litecoin sees a strong week and gains over 9% in the period

The past two weeks have been terrible for most of the crypto market as the crash triggered by the collapse of FTX resulted in double digital losses for much of the industry.

Litecoin, however, was different. Although the initial plunge also affected LTC, the crypto made a much better recovery than other major cryptos.

During the crash, the price of LTC fell below $50 (from a peak above $70 before the crash), but the crypto has already climbed back above $60.

As of this writing, Litecoin is trading around $61.8, up 0.5% in the last 24 hours. Here is a chart that shows the trend in the value of crypto over the past thirty days:

Litecoin Price Chart

Looks like the coin has enjoyed an overall upwards trajectory in this period | Source: LTCUSD on TradingView

As you can see in the chart above, Litecoin has seen positive gains over the past month, rising over 20%.

These returns are better than most other cryptos. In comparison, Bitcoin is down 15% over the same period, while Ethereum is 12% in the red.

In terms of weekly profits, LTC jumped almost 9%, which is again much better than the majority of the market.

Additionally, while other coins have seen another dip over the past day, Litecoin has held up surprisingly well so far.

LTC Pushes Back SOL to Take 15th Spot on Crypto Market Cap List

Due to the strength Litecoin has shown recently, the crypto’s position in the wider market has improved a lot.

Below is a table that shows how LTC ranks against others in the list of top cryptos.

Litecoin vs. Solana

The #12-#16 spots on the top crypto list | Source: CoinMarketCap

Here, the criteria for coin ranking is “market capitalization,” a measure of the total value of a crypto’s total supply.

It looks like Litecoin is now the 15th largest asset in the industry, with a total market capitalization of around $4.4 billion currently.

This is a significant jump from the crypto’s position at the end of October, where it held 20th place on the list.

The jump to 15th place came at the expense of Solana, which has now dropped to 16th place. This is not only due to the strength of LTC, but also the weakness of SOL lately, as the coin fell 13% in the past week.

Featured image from Michael Förtsch on Unsplash.com, chart from TradingView.com



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