.Litecoin remains a high flier amid broader market slump
One obvious trigger that has helped sustain this price action is the positive sentiment that Litecoin investors are nursing, with the halving event notably justDrawing on its deep susceptibility to broader market trends, Litecoin's resilience might be derailed should the crypto industry, fueled by Bitcoin, chart a predominantly bearish run in the short term.
Litecoin has its core fundamentals that might cushion the impacts of such a bearish sell-off. The growing transaction count remains the most lustrous feature that investors are hanging onto. Litecoin has also started making important pivots into the smart contract world through Ordinals Inscriptions on the protocol.
For Litecoin, the categorization it has earned from regulators as a commodity is also a particularly important incentive in its bid to sustain its price trends and grow in the near term.
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