Litecoin Price Recovers to $127 After Brief Midweek Dip
The Litecoin (LTC) price has shown strong performance recently, recovering from market bearishness. Key points include:
- LTC has outperformed Bitcoin in the past month, with its price ratio (LTC/BTC) rising over 25%.
- Market intelligence firm Santiment reported increased investor sentiment and network participation, noting active addresses on the Litecoin network surpassed 445,000.
- Positive social media comments about LTC have doubled negative ones, which could indicate potential price exhaustion.
- Current LTC price is around $127, up 4.5% in the last 24 hours, after briefly dropping below $110.
- Analyst Ali Martinez suggests LTC is in a consolidation phase and may rally if it breaks above $136.
