CandleFocus Analysts Name an Altcoin as the Market Falls: “Whales Are Focusing On This”
2024-09-08
Author: Content Editor
Cryptocurrency analysis company Santiment has highlighted the increased whale activity and social media mentions for the altcoin Litecoin (LTC). Despite being considered old-fashioned by some traders, Santiment analysts believe it is still worth considering. Litecoin, the world's 19th largest cryptocurrency and the oldest altcoin, was created in 2011 to provide an alternative to GPU-heavy cryptocurrency mining. The price of LTC has seen a 4.48% decrease in the past week, but this is seen as a relatively better performance compared to Bitcoin.
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