Litecoin has been trading in a downtrend against Bitcoin since early 2023, and despite a rally last May, the trend persisted; this trend reversed this week, and analysts predict it could signal a bull market for LTC.
The mean dollar invested age has dipped drastically over the past month, a trend that almost always comes before LTC embarks on a bull rally.
Litecoin has underperformed the market for the better part of the past eight months. However, over the past month, the veteran cryptocurrency has woken up to hit its highest price since last July. LTC has also reversed its one-year losing streak against Bitcoin, and with most of its technical indicators looking stronger, analysts believe an LTC bull run is coming,
Litecoin trades at $103.43 at press time, surging 3.70% in the past day, the second-highest gain among the top 25 coins after Dogecoin’s 6.02%. It’s up 17.6% in the past month, setting a high of $110.74 in that time, its highest price since July.
Analysts expect
