Santiment reported that Litecoin is temporarily decoupled from the crypto pack. Furthermore, whale addresses with over 1,000 LTC increased rapidly from the middle of June. The LTC/BTC pair gained over 51% since June 12. Memecoins have been in the limelight since last week after Musk Completed the Twitter acquisition. Among the memecoins, Dogecoin had the best performance, soaring above 100% in the price rally to $0.15, a five-month all-time high. But, Dogecoin has currently dropped to $0.1188. However, another altcoin, Litecoin, picked up, taking the market limelight from DOGE. Price analysis shows that Litecoin (LTC) increased by nearly 15% in the last 24 hours to almost $63. Currently, LTC is trading at $62.77, a 13.61% increase with a market cap of $4.4 billion. Following on-chain reports, there was a steady increase in LTC whale addresses since May, after the crypto market correction. More so, according to data from Santiment, LTC/BTC trading pairs have gained 25% in the past five months. Related Reading: Bitcoin Shocker: Lightning Network Capacity Reaches 5,000 BTC What Influenced Litecoin Price Boost? Over the years, cryptocurrencies have evolved in adoption and use cases. Significant events and institutional adoptions influence the price actions of digital assets, and Litecoin is not an exception. Litecoin’s performance could be due to the latest development in the crypto space. Recently, MoneyGram listed the token as o...
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