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Why Litecoin (LTC) Price is Up Today?

Author: Qadir AK Nov 23, 2022 12:32

Qadir AK

Author

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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In a volatile market, the price of Litecoin has recently risen. LTC Price defied the downward trend in the market by generating gains of 19% over the previous week to lead the top 100. The alternative currency increased by 13.7% over the previous day, rising from $61.53 to $70.10.

As On-chain metrics suggest investors are hodling $LTC . Analysis of Glassnode data suggests users increasingly view Litecoin as a store of value.