Litecoin (LTC) has faced significant challenges recently, experiencing a decline of approximately 21% over the last two месяцев. Несмотря на этот спад, аналитики отмечают, что source проводятся интересные параллели между текущей рыночной структурой Litecoin и недавним бычьим трендом Monero (XMR).
Litecoin and Monero: Historical Price Correlation
Analyst CryptoBullet highlights that Litecoin's price movements have historically mirrored those of Monero during various market cycles. Notably, both cryptocurrencies reached their peaks in 2017 and 2021, suggesting a potential correlation in their performance.
Current Market Position of Litecoin
As Litecoin continues to hold above its long-term rising support trendline around the $75 mark, it may be entering a phase of accumulation. This could set the stage for a significant breakout in the future, echoing Monero's recent upward trajectory.
In a notable development, 21Shares launched its TDOG ETF for Dogecoin on Nasdaq, marking a significant advancement in cryptocurrency investments. This contrasts with Litecoin's recent struggles, highlighting the evolving landscape of digital assets. For more details, see TDOG ETF launch.
