- Litecoin prices remained relatively unaffected during the crypto crash.
- Currently, Litecoin is trading at a one-year high against Bitcoin.
- Justin Bennett reacted to the current trading price of Litecoin.
In the past few weeks, the price of one of the most popular altcoins (cryptocurrencies other than Bitcoin), Litecoin, showed a surge of 18.12% with a trading volume of $300 million (USD). Litecoin’s price remained unaffected during the FTX crash and increased more than 40%. Meanwhile, major digital assets like Bitcoin and Ethereum are recorded down about 25%. According to crypto price tracking website CoinMarketCap, Litecoin was close to its recent ‘winning’ streak – $77.22 (USD).
Recently, popular crypto strategist Justin Bennett tweeted that he is bullish on Litecoin over Bitcoin. He also tweeted that Ethereum, the second largest cryptocurrency by market capitalization, would probably show a drop in price after hitting local highs last month.
Justin Bennett stated, “I am bullish on LTC in the short term, especially against BTC, but there is no reason to think we won’t see this play out again in 2023.”
Source: https://www.thecoinrepublic.com/2022/12/04/crypto-analyst-justin-bennett-is-bullish-on-litecoin-against-bitcoin/