On Wednesday (23 November 2022), Litecoin is shocking a depressed crypto market — and delighting $LTC HODLers — by surging over 25% in the past 24-hour period.
According to data by TradingView, the $LTC price started rallying when it was trading around $59.64 (at 12:35 p.m. UTC on 21 November 2022) and in the (roughly) 48-hour period since then the $LTC price has surged to as high as $81.84 (at 3:45 a.m. UTC on 23 November), which is a gain of 37.22%. Currently (as of 9:38 a.m. UTC on 23 November 2022), $LTC is trading around $77.76, up 25.86% in the past 24-hour period.
Source: TradingView
So, what does the crypto community think about Litecoin’s recent price action?
Here are a few reactions:
#Litecoin outperforming the market is quite something to see. #LTC Higher lows and breakout imminent. That is a rare thing right now.I have a suspicion that with the new kids on the block like #Solana failing spectacularly, the classics like #BTC, #LTC and others will shine. pic.twitter.com/po0v9QkBxz
— Duo Nine | discord.gg/ycc (@DU09BTC) November 22, 2022
Since June #litecoin out preformed the entire #crypto market.No bailout, no downtime, no VC, no premine, no ICO. Just true decentralization. https://t.co/Jyn98dYABb
— TomCrown.btc (@TomCrownCrypto) November 22, 2022
Fact is if our Bill gets passed, it will be HUGE for Litecoin https://t.co/66Su0Pc2uv
— Ben Armstrong (@Bitboy_Crypto) November 22, 2022
Alright, starting to believe this is the real deal for $LTC / $BTC.It's long overdue for a solid pump.Here's how Litecoin works – long periods of slowly bleeding down sideways, followed by a quick pump up to .02 BTC or so when everything else is bearish. pic.twitter.com/OV9w45ml6H
— K A L E O (@CryptoKaleo) November 23, 2022
#Litecoin just flipped #Solana in market cap! 👏
— Altcoin Daily (@AltcoinDailyio) November 23, 2022
Image Credit
Featured Image via Pixabay
