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19.11 - 19:29
Assessing if Litecoin breaching $500-level is a real possibility now
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At one point in 2019, Litecoin was ranked 4th on the cryptocurrency charts. However, times have changed over the past couple of years and the silver counterpart to Bitcoin is now all the way down at 16th.
A strong legacy coin in terms of market popularity is currently lagging behind the likes of meme tokens that were generated out of thin air.
However, there is a tenacity associated with LTC, one which has somehow allowed the digital asset to remain relevant. While the likes of Bitcoin Cash, Bitcoin SV, and Monero have lost significant traction, LTC is still showing signs that it is not done.
Source: Glassnode
The Reserve Risk indicator, at press time, seemed to suggest that investors are still confident. In fact, the RR remained higher than
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