3 things to expect from Litecoin After the halving
Right in the middle of the recent bear market, Litecoin appeared to be one of the star players.
Litecoin has surged by over 50% this month from $55 to $92 where it now sits.
Over the last two weeks, litecoin has outperformed two of the top cryptos, bitcoin and Ethereum, which have lost double-digit percentages since then.
According to Santiment, while the cryptocurrency ecosystem seems to be abuzz with the recent price explosion of LTC, nobody is talking about the large address (shark) accumulation that has been one of the biggest highlights of the whole FTX saga.
$LTC has moved up by as much as 50% against Bitcoin in November and now sits at a yearly high of 0.0047 BTC on the charts.
For the first time since December 2,2021, Santiment notes, the 365-day MVRV on Litecoin (now at 5.28%) shows that long-term traders are finally back in positive territory.