Litecoin Flies Higher As Fundamentals Suggest Long-Term Potential

Litecoin Flies Higher As Fundamentals Suggest Long-Term Potential

On-chain fundamentals may be part of the reason Litecoin (CRYPTO: LTC) saw a sharp price increase during the ongoing market downturn caused by the collapse of the major crypto exchange FTX.

What Happened: Litecoin's current price of $78.21 is 34.64% higher than its value seven days ago, while Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) lost value over the same length of time, according to CoinMarketCap data.

Data provided by on-chain analytics service provider Glassnode may shed some light on Litecoin's upwards movement.

See Also: LITECOIN (LTC) PRICE PREDICTION

Why It Matters: Glassnode data showed Litecoin's reserve …

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