Litecoin outperformed Bitcoin, but not in a way you think

Litecoin [LTC] outperformed Bitcoin [BTC], but not in a way you think

Litecoin [LTC] also referred to as the ‘silver’ to Bitcoin’s ‘gold’, registered a plunge in price over the last week along with several other cryptos.

The growth registered by LTC in the last 24 hours was even more than top cryptos like Bitcoin and Ethereum. At press time, Litecoin was trading at $54.25.Since the massive market crash earlier this year, most of the cryptos, along with LTC, have struggled to raise their values. However, since July, the market has shown signs of recovery, helping LTC touch the $63 mark in mid-August.

n interesting development for investors was that the reserve risk of LTC also moved downward, which created an opportunity for investors to buy as the risk-to-reward ratio improved.While the aforementioned metrics registered a decline, Litecoin’s development activity surged during the last week. This, by and large, is a positive signal for crypto as it represents the interest and effort of developers in improving the blockchain.Interestingly, the readings from LTC’s 4-hour chart were ambiguous.

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