5 days into LTC rally: how worried should you be?

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Ibis
Jul 30, 2020

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:

Litecoin started to rally around 24 hours prior to Bitcoin (Source: Sanbase)

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

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Assets from this insight

Litecoin logo

LitecoinLTC

$ 56.73

0.60%in last 7d
0