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30 November 2020

Litecoin Rallies While Altcoins Flounder, Here What’s Behind The Show Of Strength

Litecoin Rallies While Altcoins Flounder, Here What’s Behind The Show Of Strength


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Bitcoin remains below its high set earlier in the week, but out of nowhere, Litecoin has surged an additional 13% today alone, capping off a 33% green week for the previously lagging altcoins?

But why is the altcoin offered referred to as digital silver soaring so wildly compared to the rest of the crypto space, Bitcoin including.

The fact that the hard-capped altcoin built on modified Bitcoin core code has spent so long behind Ethereum, DeFi, Chainlink, and the rest of the crypto space, it is time for the coin to come out from the shadows and brighten up the somber altcoin market once again.

But all the same reasons that BTC is a fintech force to be reckoned with are also featured in Litecoin thanks to its birth by Bitcoin Core code.

The Bitcoin trading pair against LTC, also is equally as bullish, while the rest of the altcoin market faces extinction.

If the third time is the charm, Litecoin will outperform the rest of the market for quite some time, given how bullish it is against BTC, and how bearish the rest of the altcoin space is.

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