Litecoin (LTC) awakened from its slumber, pushing off the $49 lows from the past month. In November, LTC is showing robust volumes, and its price is headed up above $60. LTC is also moving slightly up in Bitcoin (BTC) terms.
LTC traded at $60.50, getting a boost from recent lows around $57 at the end of the week. The coin is seen as a relatively unimportant asset, though it has established steady liquidity. This makes LTC relatively appealing, and having the potential to rally, especially in times of BTC stability.
The recent price climb follows the November 2 announcement of the opportunity for LTC to become a fungible coin with anonymous features.