Litecoin was once called "digital silver," with bitcoin being considered "digital gold." Then suddenly new cryptocurrencies appeared, and the attention of investors went towards them.
Reverse of Bitcoin?
Nowadays, in the field of cryptocurrency, there is a fluctuating situation in the price of Bitcoin and Litecoin. The situation has become such that the price of Litecoin is increasing well during the struggle time of Bitcoin. This has attracted the attention of traders towards LTC.
MimbleWimble
There was an attempt to popularise Litecoin by making it as private as Monero, but that effort was not very successful, as many platforms like BINANCE rejected the new privacy approach. However, for privacy, it is important.
Solana Effect?
If we pay attention to the ups and downs of the market, we will find that while Solana is declining, Litecoin is doing well. Even though the value of bitcoin is still struggling, Solana competed with Ethereum but gained market share from Litecoin.
