last week in Bitcoin (BTC) The rise experienced was also felt in altcoins such as Ethereum (ETH).
However, some of these altcoins positively differentiated from the rest of the market.
Among these altcoins, the rise with Elon Musk’s acquisition of Twitter Dogecoin (DOGE) one of the popular altcoins of whales with Litecoin (LTC) exists.
While Dogecoin gained over 100% in the past week, Litecoin has increased by 10.58% in the last week.
Popular on-chain data provider judging Litecoin’s rise centimentHe said that LTC is leaving the crypto market.
1,000 and above LTC Stating that the number of Whale addresses that hold the coin has increased, Santiment made the following statements:
“Litecoin is doing well right now and is different from the crypto market in that aspect.
We have seen the number of addresses holding 1,000 or more LTC have increased rapidly since mid-June, and the LTC/BTC trading fence has increased by 51% since June 12. “
#Litecoin is currently on a nice run, and is temporarily decoupled from the #crypto pack. We have seen that the amount of addresses with 1,000 or more $LTC has grown rapidly since mid-June, and $LTC‘s price vs. $BTC has grown +51% since June 12th. https://t.co/uFXYNcnsRP pic.twitter.com/PASMdaezCD
— Santiment (@santimentfeed) November 3, 2022
In this rise of Litecoin the old Ripple partners of global payment platform MoneyGram users bitcoin and Ethereum The announcement that he would allow him to buy, sell and keep Litecoin was also influential.
Differentiating positively from other altcoins Litecoin At the time of writing, it is around $62.
Recovering all its losses in the last three months with the current price increase LTC For now, $65 seems like a resistance. A break above this level could lead to a stronger rally.
*Not investment advice.