Several Bullish Metrics for Litecoin (LTC): Santiment Report

The blockchain intelligence firm, Santiment, shared a tweet this morning highlighting some bullish metrics for Litecoin (LTC).

According to the tweet, LTC has temporarily decoupled itself from the rest of the crypto market, with its price currently being on a slight bullish run. In addition, the number of addresses with 1,000 or more LTC has snowballed since June of this year.

Lastly, LTC’s price compared to Bitcoin’s price has grown more than 51% compared to Bitcoin’s price since June 12.

LTC on-chain metrics (Source: Santiment)

As can be seen by the data shared by Santiment, 314 new shark and whale LTC addresses have been created since the end of May this year. Ever since then, the price of LTC has risen against BTC. Furthermore, the LTC/BTC trading pair is up more than 25% since May 27 and more than 51% since bottoming around June 12 of this year.

LTC is currently trading at $62.70, according to CoinMarketCap. This follows after a 13.88% pump over the last 24 hours. This impulse in LTC’s price has flipped its weekly performance into the positive as the coin is now up 10.88% over the last week.

Compared to the two crypto market leaders, LTC has strengthened against ETH and BTC by 16.19% and 14.25%, respectively.

The price of LTC continues to grow its dominance over BTC’s price as the crypto market leader experienced a 0.65% drop over the last 24 hours. BTC is trading at $20,343.69 at press time.

Disclaimer: The views and opinions, as well as all the information shared in this price prediction, are published in good faith. Readers must do their research and due diligence. Any action taken by the reader is strictly at their own risk. Coin Edition and its affiliates will not be held liable for any direct or indirect damage or loss.

Source