Litecoin Price Leaps to $200

Litecoin is currently priced at $197 on Bitfinex, although premiums on other exchanges have hoisted its global average just above the $200 mark. Litecoin now has an $11.1 billion market cap, lifting it to fifth in the rankings.
Significantly, although Litecoin is still trading well below the peak USD value it set in mid-December, LTC/BTC is trading at .0227 BTC, its highest point since July 2015.
LTC/BTC Price Chart | Source: CoinMarketCap
Diverging from previous pumps, LTC trading volume is very evenly distributed across the world’s major exchanges. At 26 percent, OKEx accounts for the largest slice, while GDAX ranks second with 14 percent. South Korea-based Bithumb and Upbit each prices Litecoin at an eight percent premium over other exchanges, but their trading pairs only account for a combined 10 percent of global LTC volume.

LitePay Previews Feb. 26 Launch Date
Tuesday’s rally comes in direct response to the announcement that LitePay, a payment processing company modeled after industry stalwart BitPay, is scheduled to launch on Feb. 26. The company quietly made the announcement on Twitter on Monday, but word seems to have traveled slowly, given that the rally is just now taking off.