Litecoin Surges 6% as Broader Market Falters

TL;DR

• Litecoin’s LTC is the best performer in the top 20, up 6% in the last 24 hours.

• The broader market has shed 1% since Tuesday, with BTC still struggling below $96k.

LTC Outperforms the Broader Crypto Market

The cryptocurrency market has been ranging over the last few days. Bitcoin, the leading cryptocurrency by market cap, continues to trade below the $100k level while major altcoins like Ether and XRP falter.

However, LTC, Litecoin’s native coin, has risen 6% in the last 24 hours, outperforming the broader crypto market. In the last seven days, LTC has added 11% to its value, allowing it to overtake Avalanche (AVAX), SUI, TON, LEO, and SHIB in the ranking.

There is no major catalyst behind Litecoin’s ongoing run, but traders are taking positions in the market. 

Tron’s TRX is another major cryptocurrency currently in the green. It added 1% to its value and has maintained its position as the 10th-largest cryptocurrency by market cap. The total crypto market stands at $3.13 trillion, down 1% in the last 24 hours.