Litecoin at $70 with a 5.2 percent daily gain: it outperforms Bitcoin and Ethereum

The information provided in this article is for informational purposes only and does not constitute financial advice. Cryptocurrency investments carry a high degree of risk. Always conduct your own research.Litecoin gains 5.2 percent in 24 hours and leaves Bitcoin and Ethereum behind. An in-house analysis shows a 41.8 percent rise over 30 days and 173,162 transactions a day, while the ETF application at the SEC is still undecided.Litecoin costs around $70.52 this Thursday, 5.2 percent above its level of 24 hours ago. That is the strongest daily move among the 25 largest cryptocurrencies, and it comes out markedly stronger than at the two heavyweights: Bitcoin gains 3.4 percent over the same period, Ethereum 2.8 percent. Anyone holding Litecoin or weighing an entry gets a move that can be explained, and a figure that has to be kept in view.The explanation has two strands, and they point in different directions. One is measurable: the Litecoin network has been running noticeably busy for weeks. The other is an expectation resting on an application to the US securities regulator, and that application has not been approved. This piece separates the two, because the difference matters c...