Core

Boost

Litecoin

Million

<figure>
 <figcaption>
 Cover image via <a href="https://u.today/" rel="noopener noreferrer nofollow">U.Today</a>
 </figcaption>
</figure>
<a href="https://u.today/xrp-litecoin-ltc-witness-stunning-1-million-inflow-surge" rel="noopener noreferrer nofollow">XRP and Litecoin (LTC)</a>, two major cryptocurrencies, have seen a significant increase in inflows over the last week, amid a market boom that has favored digital assets, in particular Bitcoin.According to<a href="https://blog.coinshares.com/volume-171-digital-asset-fund-flows-weekly-report-0bc3a2259018" rel="noopener noreferrer nofollow"> CoinShares</a>' most recent report, inflows into the cryptocurrency market continued for the fourth week in a row, with a total of $598 million coming in last week. Bitcoin received a bigger share of these inflows, totaling $570 million.
<blockquote>
 Digital asset investment products saw weekly inflows totalling US$598m, marking the fourth consecutive week of inflows. Year-to-date inflows have now surpassed the US$5.7bn mark. The US saw most of the inflows at US$610m, impacted by incumbent issuer Grayscale, which saw further…— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1762071421310939408?ref_src=twsrc%5Etfw" rel="noopener noreferrer nofollow">February 26, 2024</a>
</blockquote>
XRP and LTC attracted a combined $2.1 million in inflows, indicating growing investor interest and confidence in these coins.
XRP saw an inflow of $1.1 million, marking its second consecutive week of positive flows. XRP's price is down 1.10% in 24 hours to $0.533, according to <a href="https://coinmarketcap.com/currencies/xrp/" rel="noopener noreferrer nofollow">CoinMarketCap</a> data. The XRP price is down likewise, by nearly 5% in a week.
Amid the lull in XRP price, a positive development has emerged on the XRP weekly chart that might suggest potential bullish momentum, according to crypto analyst <a href="https://twitter.com/ali_charts/status/1761850861548978350" rel="noopener noreferrer nofollow">Ali</a>. This would require a sustained weekly close above $0.57, which could be the catalyst for a push toward $0.63 or even higher, reaching $0.65.
Litecoin (LTC) experienced a $1.0 million inflow, marking the second consecutive week of positive flows. LTC's inflow boost comes amid the growing popularity and demand for Litecoin as a payment option, as well as its positive enhancements.
In a recent tweet, <a href="https://twitter.com/LTCFoundation/status/1761778522799198528" rel="noopener noreferrer nofollow">Litecoin shared</a> a throwback to the MWEB protocol, stating: "Two years ago today, miners started the signaling process to adopt the most significant upgrade to Litecoin Core in history, MWEB."
Fast forward to now, and MWEB light client support is being merged into Litecoin Core and will be included in the next release of Litecoin Core very soon.

XRP, Litecoin (LTC) See $2.1 Million Inflow Boost Amid Market Boom

U_Today

Other articles published on Feb 26, 2024

Aethir Unveils Its First Decentralized AI Node Sale

Bitcoin Breaks $54,000 Barrier as Market Rally Continues

Strategic Alliance Shapes New Era in Digital Entertainment and Web3

Ark Invest Sells Coinbase, Nvidia, Robinhood Shares Amid Rally

SatoshiVM Surges 36% After KuCoin Listing Announcement; On-Chain Sleuth Flags 2 Suspicious SAVM M...

Meta Unveils Strategy to Counter AI Misuse in EU Elections

Join our free newsletter for daily crypto updates!