{"id":14884,"date":"2022-12-28T05:54:20","date_gmt":"2022-12-28T09:54:20","guid":{"rendered":"http:\/\/cryptocornercafe.com\/cafe\/?p=14884"},"modified":"2022-12-28T05:54:20","modified_gmt":"2022-12-28T09:54:20","slug":"litecoin-2nd-most-active-crypto-rises-after-analyst-called-ltc-holders-idiots","status":"publish","type":"post","link":"http:\/\/cryptocornercafe.com\/cafe\/2022\/12\/28\/litecoin-2nd-most-active-crypto-rises-after-analyst-called-ltc-holders-idiots\/","title":{"rendered":"Litecoin, \u20182nd Most Active Crypto,\u2019 Rises After Analyst Called LTC Holders \u2018Idiots\u2019"},"content":{"rendered":"

Litecoin, an altcoin being hailed as the \u201cdigital silver\u201d of the cryptocurrency space, has once again rewarded its faithful investors and holders as it mounted a massive recovery<\/a> after bottoming out at $60.<\/p>\n

Interestingly, the token made its bounce back shortly after CNBC host Jim Cramer went out of his way to call holders of LTC idiots<\/a>.<\/p>\n

Cramer, who has already earned a reputation for his inaccurate crypto price predictions, has already been thanked by the Litecoin community for his antagonistic remarks that ironically triggered the digital coin\u2019s price increase.<\/a><\/p>\n

\u201cI would not touch crypto in a million years, because I wouldn\u2019t trust the deposit bank,\u201d Jim Cramer says while discussing the fallout of the collapse of FTX. https:\/\/t.co\/0VbM5tYThE<\/a> pic.twitter.com\/9kqVMvbSOw<\/a><\/p>\n

\u2014 CNBC (@CNBC) December 23, 2022<\/a><\/p>\n

Some analysts believe that the host\u2019s comments might have been fuelled by the fact that LTC was forecasted to be in a continued downward trend after abandoning its local high of $81.5 and tumbling all the way down to $69.<\/p>\n

Litecoin Reverses Its Bearish Trajectory<\/h2>\n

The 16th largest cryptocurrency with a total market capitalization of $4.93 billion once again showcased its resiliency as it got back some of its losses over the last few days.<\/p>\n

In fact, according to tracking from Coingecko<\/a>, at the time of writing, Litecoin was changing hands at $68.69 and is enjoying an increase in value of 5% over the last week.<\/p>\n

It is still several dollars away from its local high, but LTC is proving to be one of the best performers in the space that is being plagued by continued market uncertainty.<\/p>\n\n

The crypto, however, needs to do an even better job of moving up if it hopes to get back on the \u201cgreen zone\u201d as far as its month-to-date performance is concerned.<\/p>\n

LTC Rides Momentum Of Some Positive News<\/h2>\n

Litecoin is ranked as the second most active cryptocurrency today<\/p>\n

Source: Messari Chain Activity Native assets ranked by the estimated on-chain transaction volume in the last 24hrs. #Litecoin<\/a> is consistently in the top 5 most active blockchains. pic.twitter.com\/yrfrnr7GCZ<\/a><\/p>\n

\u2014 Litecoin (@litecoin) December 27, 2022<\/a><\/p>\n

Although it ended up being caught in a bearish movement just recently, Litecoin seems to benefit from some developments that involve the crypto asset.<\/p>\n

For one, at press time, over the last 24 hours, the altcoin ranked second in the list of most active cryptocurrencies<\/a> as reflected from the data shared by the Messari Chain Activity native assets ranking. LTC consistently makes it to the top five in this listing.<\/p>\n

In addition, during the previous week, the number of active addresses holding the crypto remained consistent and its trading volume also registered an uptick.<\/p>\n

These factors indicate that the digital silver has managed to gain some ground and is priming itself for another strong showing before the year ends.<\/p>\n

In fact, Coincodex\u2019s 5-day and 30-day forecasts<\/a> for the digital token are both bullish, indicating that it will trade at $73.74 and $93, respectively.\u00a0<\/p>","protected":false},"excerpt":{"rendered":"

<\/p>\n

Litecoin, an altcoin being hailed as the \u201cdigital silver\u201d of the cryptocurrency space, has once again rewarded its faithful investors and holders as it mounted a massive recovery<\/a> after bottoming out at $60.<\/p>\n

Interestingly, the token made its bounce back shortly after CNBC host Jim Cramer went out of his way to call holders of LTC idiots<\/a>.<\/p>\n

Cramer, who has already earned a reputation for his inaccurate crypto price predictions, has already been thanked by the Litecoin community for his antagonistic remarks that ironically triggered the digital coin\u2019s price increase.<\/a><\/p>\n

\u201cI would not touch crypto in a million years, because I wouldn\u2019t trust the deposit bank,\u201d Jim Cramer says while discussing the fallout of the collapse of FTX. https:\/\/t.co\/0VbM5tYThE<\/a> pic.twitter.com\/9kqVMvbSOw<\/a><\/p>\n

\u2014 CNBC (@CNBC) December 23, 2022<\/a><\/p>\n

Some analysts believe that the host\u2019s comments might have been fuelled by the fact that LTC was forecasted to be in a continued downward trend after abandoning its local high of $81.5 and tumbling all the way down to $69.<\/p>\n

Litecoin Reverses Its Bearish Trajectory<\/h2>\n

The 16th largest cryptocurrency with a total market capitalization of $4.93 billion once again showcased its resiliency as it got back some of its losses over the last few days.<\/p>\n

In fact, according to tracking from Coingecko<\/a>, at the time of writing, Litecoin was changing hands at $68.69 and is enjoying an increase in value of 5% over the last week.<\/p>\n

It is still several dollars away from its local high, but LTC is proving to be one of the best performers in the space that is being plagued by continued market uncertainty.<\/p>\n

The crypto, however, needs to do an even better job of moving up if it hopes to get back on the \u201cgreen zone\u201d as far as its month-to-date performance is concerned.<\/p>\n

LTC Rides Momentum Of Some Positive News<\/h2>\n

Litecoin is ranked as the second most active cryptocurrency today<\/p>\n

Source: Messari Chain Activity Native assets ranked by the estimated on-chain transaction volume in the last 24hrs. #Litecoin<\/a> is consistently in the top 5 most active blockchains. pic.twitter.com\/yrfrnr7GCZ<\/a><\/p>\n

\u2014 Litecoin (@litecoin) December 27, 2022<\/a><\/p>\n

Although it ended up being caught in a bearish movement just recently, Litecoin seems to benefit from some developments that involve the crypto asset.<\/p>\n

For one, at press time, over the last 24 hours, the altcoin ranked second in the list of most active cryptocurrencies<\/a> as reflected from the data shared by the Messari Chain Activity native assets ranking. LTC consistently makes it to the top five in this listing.<\/p>\n

In addition, during the previous week, the number of active addresses holding the crypto remained consistent and its trading volume also registered an uptick.<\/p>\n

These factors indicate that the digital silver has managed to gain some ground and is priming itself for another strong showing before the year ends.<\/p>\n

In fact, Coincodex\u2019s 5-day and 30-day forecasts<\/a> for the digital token are both bullish, indicating that it will trade at $73.74 and $93, respectively.\u00a0<\/p>\n

<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"colormag_page_layout":"default_layout","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[82],"tags":[],"class_list":["post-14884","post","type-post","status-publish","format-standard","hentry","category-blockchain"],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/14884","targetHints":{"allow":["GET"]}}],"collection":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/comments?post=14884"}],"version-history":[{"count":0,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/posts\/14884\/revisions"}],"wp:attachment":[{"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/media?parent=14884"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/categories?post=14884"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/cryptocornercafe.com\/cafe\/wp-json\/wp\/v2\/tags?post=14884"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}