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LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin?

Litecoin continues to gain strength as traders’ attention shifts to a broader altcoin market against Bitcoin’s slowing uptrend.
Litecoin (LTC) prices surged by up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session.LTC/BTC 1-week candle chart (Binance). Source: TradingViewThe LTC/BTC exchange rate touched 6,358 sats during the Asia-Pacific trading hours. The pair later corrected to an intraday low of 5,776 sats ahead of the London opening bell as profit-taking sentiment grew near the sessional peaks.But according to data collected from Glassnode, the downside correction did little in offsetting Litecoin’s growing bullish strength. The blockchain analytics firm noted a dramatic spike in the number of active Litecoin addresses beginning 2021, indicating a rising demand for the silver cryptocurrency just as the

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Źródło: https://cointelegraph.com/news/ltc-price-hits-13-month-high-against-bitcoin-all-time-high-next-for-litecoin

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