Litecoin has been one of the best-performing assets of the past 24 hours. The long-standing cryptocurrency has gained 20% in the past 24 hours, outpacing Bitcoin’s 5% gains and Ethereum’s 3% run.
This rally comes shortly after LTC was added to PayPal’s new cryptocurrency service. Many saw this addition as validation of the cryptocurrency, which faced a strong correction after the 2017 bull market. LTC has still yet to recover to its all-time highs, though is up dramatically in the past few days and weeks alongside Bitcoin and other top coins.
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LTC has gained 20% in the past day alone as buyers finally step in.
Many have taken notice of this rally. Avi Felman, the lead trader at BlockTower Capital, recently shared this chart below, writing:
“Since BTC broke 16k, and the PayPal announcement, LTC has been outperforming BTC. Is this retail coming