LTC Encounters Turbulence After Diverging From Market in November

After defying gravity in November and rising from $47.65 to a high of $83 while other major coins such as Bitcoin and Ethereum fell significantly, Litecoin (LTC) has finally encountered some turbulence.

  • Litecoin diverged from the broader market in November after the collapse of FTX.
  • Positive LTC run comes ahead of next Litecoin halving event set for August 2023.
  • LTC momentum slows, and the coin has dropped over 6.29% in the past five days.

Litecoin (LTC) diverged from the broader market in November. While Bitcoin (BTC) and Ethereum (ETH) are down 21.53% and 24.92%, respectively, in the past month, Litecoin has risen 30.50% in the same time frame. In addition, it had an enormous run in its pairing against Ethereum. Litecoin is a decentralized, open-source payment system that allows …

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