Santiment: “Watch This Altcoin If You Don’t Want To Miss The Rise In Bitcoin!”

Bitcoin While it continues its strong rise by exceeding $ 47,000, there is also upward movement in altcoins.

At this point the biggest altcoin Ethereum (ETH) exceeding $2,500 Ddigital Litecoin, also known as silver It exceeded $70 for the first time since January 22.

Bitcoin and LTC’Evaluating the rise in Litecoin together, Santiment said that Litecoin’s rise BTC and argued that it was a bullish bellwether for altcoins.

Stating that at this point, Litecoin is experiencing a slight rise and this rise indicates an upward trend in market dynamics. Santiment said investors should follow LTC for the continuation of the rise.

“Litecoin rose slightly and jumped above $70 for the first time since January 22.

For now, trading volume for the asset, which ranks 19th in market capitalization, is fairly inactive.

But watch LTC, as isolated pumps like the LTC rally are often leading bullish data for BTC. “

⚡️📈 #Litecoin has had a mild emergence, rebounding back above $70 for the first time since January 22nd. For now, trading volume is rather dormant for the #19 ranked market cap asset. But monitor $LTCas isolated pumps are often predecessors for $BTC. https://t.co/xViUwnLeOt pic.twitter.com/BO8u1moQNN

— Santiment (@santimentfeed) February 9, 2024

Apart from this, analysts also evaluated the RSI in LTC and evaluated that the RSI also gave a bullish signal. Analysts have noted that a two-month high on the RSI generally signals increased buying momentum and potential upward price movement.

*This is not investment advice.