LTC prepares to knock LINK out of the top five cryptos

by in Cryptocurrency News


The rise of Litecoin (LTC) began even before the WimbleMimble update to ensure the privacy of online transactions.

In October-November, the cryptocurrency rose moderately. In the middle of this month, the strengthening of her course became more confident. The coin is now in the list of the five largest altcoins.

The LTC rate has grown to $ 86.8 - this is the highest value since the summer of 2019. Litecoin's capitalization has grown by more than 10% over the past 24 hours to $ 5.781 billion.

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The closest competitor to LTC is the ChainLink (LINK) token, which now ranks fifth in the ranking of the largest digital currencies. LINK's capitalization is now $ 5.867 billion.

The Santiment team tweeted that the value of Litecoin has increased by almost 70% over the past 30 days. Now the chances of a breakout are much higher than a pullback of LTC, analysts predict.

Within the next 24 hours, the coin can reach $ 100 and get into the top five cryptocurrencies. However, after reaching this mark ($100), there will be risks of a negative correction, as analysts expect traders to switch to profit-taking.