Litecoin (LTC) Jumps 19%: What’s Behind The Rally?

Litecoin (LTC) Jumps 19%: What’s Behind The Rally?
Litecoin has observed a sharp increase of over 19% in the past day. Here’s what on-chain data says could be behind the rally. Litecoin Has Overperformed Market With A Strong Surge In The Last 24 Hours The past day has seen recovery from the cryptocurrency sector as a whole, but Litecoin in particular has stood out with its impressive rally of more than 19%, which has taken its price beyond the $120 mark. Related Reading: XRP, Bitcoin Recovery Only Short-Lived? TD Sequential May Suggest So Below is a chart that shows how the recent performance of the coin has looked. Among the top digital assets by market cap, only XRP (XRP) and Hedera (HBAR) have shown comparable returns to Litecoin during the last 24 hours. In terms of weekly profits, though, LTC still lags behind many coins with an overall uplift of just 16%. As for what could be providing the fuel for the rally, perhaps behavior of the key investors of the cryptocurrency could provide some answers. LTC Sharks & Whales Have Been Buying Recently In a new post on ..

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