Litecoin (LTC), the digital currency often dubbed “silver to Bitcoin’s gold,” has been stirring in the shadows of its flashier counterpart. Despite a recent price dip from $112 to $83, analysts see glimmers of a potential surge in the coming months.
This renewed optimism follows Litecoin’s defiance during the highly anticipated Bitcoin halving event, where Bitcoin’s block rewards were cut in half, impacting the entire crypto market.
Litecoin Exhibits Resilience After Price Dip
While some cryptocurrencies floundered after the Bitcoin halving, Litecoin displayed surprising resilience. This, coupled with a recent uptick in trading volume reaching $686 million over 24 hours, suggests a growing interest in LTC.
The cryptocurrency currently sits at a market capitalization of $6.18 billion, solidifying its position as a top contender.
Technical Breakout Hints At Bullish Future For Litecoin
Technical analysts are particularly enthusiastic about a recent development for L
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