
Litecoin (LTC) Leads Altcoin Recovery as Price Jumps 5%, What’s Next?
In a surprise move, Litecoin has emerged as the leader in the altcoin recovery market, with its price jumping by an impressive 5% to $114.42 as of press time. This sudden upswing comes on the heels of significant losses earlier in the week, where the coin dropped below the critical $108.4 support zone.
It is worth noting that while this bounce-back has been a welcome development for LTC investors, there are still many who remain cautious about the overall market direction. With Ethereum (ETH) also showing signs of recovery from the Bybit hack, it appears that the broader cryptocurrency market may be experiencing a much-needed correction.
Despite initial skepticism, analysts have begun to question whether Litecoin’s price has indeed hit its bottom. According to our research, there are several compelling reasons why this could be the case.
Source: https://u.today/litecoin-ltc-leads-altcoin-recovery-as-price-jumps-5-whats-next