Litecoin is leading today’s top-ten crypto recovery, up 15.84% against USD and back over $30 as $10 billion suddenly floods back into the market. Confirmed news that Nasdaq and VanEck are partnering to deliver ‘Crypto 2.0 Futures’ next year appears to be the main driver for this current change in market sentiment, which has elevated many cryptocurrencies back into double-digit gains for the first time in weeks.
Etoro Senior Analyst Mati Greenspan points out that in the chart below, we can see that Litecoin has been consistently outperforming other popular traded altcoins during the recent bear market, making higher lows and higher highs.
“Unlike what we've seen in some of the previous periods of crypto volatility, Litecoin is holding up extremely well compared to the rest of its peers. As you can clearly see, it's been falling less on the dips and rising stronger on the rallies.”
This article appeared first on Cryptovest
