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Litecoin Surges 28%, Shoots Past Tether, Bitcoin Cash and EOS to Become 4th Largest Crypto

February 08, 2019

Litecoin is up 28% at time of writing, according to data compiled by Coin360. Since February 3, Litecoin’s market cap has grown from $2.01 billion to $2.59 billion, surpassing Tether, Bitcoin Cash and EOS to become the world’s fourth largest cryptocurrency, after Bitcoin, XRP and Ethereum. Ethereum is up more than 14%, and Bitcoin and XRP are up over 7% at time of publishing.

In a move to spur crypto adoption and mainstream use of Litecoin among retailers and their customers, merchant payment processor Coingate has enabled Litecoin Lightning Network payments for its network of 4,500+ merchants.

The Lithuania-based platform is a player in crypto adoption at the ground floor as it allows people who visit thousands of digital stores in the EU to pay with several leading cryptocurrencies including Bitcoin, Ethereum, XRP, EOS, Bitcoin Cash, Stellar, Litecoin and Tron.

By implementing Litecoin Lightning Network, CoinGate has integrated a scaling payment option designed for near-instant payments and cheaper fees.

Great news! We are finally enabling #Litecoin #LightningNetwork payments to all our 4,500 merchants! So, feel free to use #LiteningNetwork for making purchases online, or accept LTC Lightning payments with your business. Go $LTC! @SatoshiLite @litecoin @LTCFoundation pic.twitter.com/j5Zrd8KXtz

— CoinGate (@CoinGatecom) February 8, 2019

Litecoin, which recently partnered with mixed martial arts titan UFC to gain global exposure as an official sponsor, is currently exploring how to add privacy features to make LTC more fungible.

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