.Litecoin decouples from current bearish trends, is this growth here to stay?
Disclaimer: The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of U.Today. Every investment and all trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.Litecoin has once again decoupled from Bitcoin and the general market in an attempt to sustain the uptrend it is currently charting.
The digital currency is now showing signs its current bullish outlook will be sustained across the board. The Litecoin protocol is brandishing a number of signs that show its community is largely positively tilted to the cryptocurrency for what it truly represents: a formidable payment token.which it projects is slated for the next 100 days. This is bound to take place sometime in August.
The Litecoin community is also recording immense enthusiasm on the future of the digital currency, drawing on the past records of performance it has showcased since its inception.Litecoin and Bitcoin correlation While Litecoin is still one of the digital currencies most related to Bitcoin as it was created based on the Bitcoin protocol, it is known to occasionally decouple from the price action of the later coin.
This current moment is an even more resounding one considering the clamor by the top U.S. regulators largely showcasing dissent on the status of different assets in the crypto ecosystem. With Bitcoin designated a nonsecurity by the U.S. SEC,Litecoin is currently showcasing decoupling from the Bitcoin price and a sustenance of the current trend can stir related moves by other altcoins moving forward.
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