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Is Litecoin becoming the hub of FOMO among the older cryptos
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ambcrypto.comWhen AMCTheatres enabled the option to pay in cryptos, Litecoin registered a decent hike. The reasoning seemed genuine and even additional metrics pointed out that it was probably an organic rise in the short term.
However, on further research, it appeared that Litecoin has begun following a pattern. One where it goes up by a significant margin, sits there for a while, and then drops back down, canceling all or most of the growth.
An example of the same can be found on the chart itself. For better reference, occurrences from this year have been taken into consideration.
Anytime a major hike is observed, it is followed by an equally major fall. The only bouts of appreciation that contribute towards the actual growth of LTC are the ones that
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