Reasons for Today's Increasing Litecoin Price

The price of Litecoin (LTC 13.65%) has climbed nearly 8% in the previous 24 hours as of 3:40 p.m. ET after MoneyGram launched Litecoin trading and storage on its app

[{"selector":"#anim-fd0b3e18-fc5c-43e5-8e77-e34d50dfe4fa [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(28.90624987200394%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

Litecoin has a smaller popularity and market cap, therefore the news didn't affect Bitcoin and Ethereum as much

[{"selector":"#anim-6752e151-c4a0-4737-a5c0-086272ab05f7 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(36.914652488574454%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Moneygram has served approximately 150 million individuals in the last five years, thus it has significant size to increase Litecoin awareness

[{"selector":"#anim-21715190-a3e4-4df4-ac21-2281ac888785 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-34.67187490698954%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Litecoin is an early cryptocurrency, created in 2011. At the time, it processed more transactions than Bitcoin

[{"selector":"#anim-e61e56ef-8682-4277-b06d-59ebbd75654b [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(35.937499914669296%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}]

Since then, a ton of other blockchain networks have sprouted up, all attempting to boost transaction speed

[{"selector":"#anim-95b8509d-6c7f-40c6-8393-348e0aedc716 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(34.179687404002955%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Our award-winning analysts just unveiled the 10 greatest stocks to purchase right now... Litecoin was not

[{"selector":"#anim-9bed9b47-7de5-41c6-ad71-724ac6035b48 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(-31.257324105020174%, 0, 0)","translate3d(0%, 0, 0)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.3,0,.55,1)","fill":"both"}]

Motley Fool Stock Advisor, their 20-year-old online investing service, has beaten the market 3X. Right now, they recommend 10 stocks

[{"selector":"#anim-1f371ba7-5cb1-448f-8003-081aaf65a222 [data-leaf-element=\"true\"]","keyframes":{"transform":["translate3d(63.08574239682321%, 0, 0) translate(25%, 0%) scale(1.5)","translate3d(0%, 0, 0) translate(0%, 0%) scale(1)"]},"delay":0,"duration":2000,"easing":"cubic-bezier(.14,.34,.47,.9)","fill":"forwards"}] Learn more