5 days into LTC rally: how worried should you be?
It’s been a dream week for Charlie Lee’s brainchild, as LTC gained +26.1% in the past 5 days on its way to a 4-month high $56.5 earlier this morning.
The ‘silver to Bitcoin’s gold’ started to rally early on Tuesday and roughly 24 hours before the top coin - corroborating the long-held belief of some market observers that Litecoin has a habit of leading BTC:
Though LTC’s pump is a sight for sore eyes, the 7th largest coin has been trading in a fairly tight range over the past 24 hours, currently down -0.37% for the day. So while we the market waits on Litecoin’s next move, let’s look a quick look at the coin’s recent fundamentals and what they imply about its short-term potential:
1. LTC's social
There’s more of this Insight
Choose your subscription plan
Sanbase PRO
Years of market experience, compressed in each report
Since 2017, Santiment has been an industry leader in on-chain data, social intelligence and behavior-based analysis of the crypto market.
Our tools have a proven track record of timing price tops for cryptocurrencies, helping traders find profitable exit points and mitigate HODLing risk.
Our previous TOP calls:
WAVES crowd sentiment patternMATIC charts a new ATH: is the top in?ICX insanity. How far could it go?
What you get with Sanbase Pro:
- Members-only daily market insights and analysis
- 30+ on-chain, social & project indicators for 900 cryptocurrencies
- Custom alerts for the coins' price, on-chain & social trends
- Santiment Spreadsheet plugin with 10+ pre-made market templates
- Personalized asset watchlists and weekly performance reports
Gain unfair advantage with Sanbase Pro
Subscribe to Sanbase Pro for access to exclusive insights, market-beating metrics, strategies and templates!
Assets from this insight
