Litecoin (LTC), the world’s 19th largest cryptocurrency, is seeing renewed interest despite its age. According to a recent analysis by Santiment, whale activity surrounding LTC has surged compared to late August. This rise in large transactions signals growing attention from big investors, often a key indicator of potential market movement.
Growing Social Media Mentions for Litecoin
While many traders view Litecoin as old-fashioned, it’s making waves again on social media platforms. Mentions of LTC have skyrocketed recently, showing that this altcoin hasn’t been forgotten. Despite losing 4.48% in value over the past week, Litecoin is actually outperforming Bitcoin in terms of price stability, proving that it still has relevance in today’s market.
A Long History in the Crypto World
Launched in 2011, Litecoin holds the title of the world’s oldest altcoin. At its inception, it aimed to offer an alternative to Bitcoin by adopting a more CPU-friendly mining approach. While Bitcoin was reliant on GPU-based mining, Litecoin introduced a fresh method to the cryptocurrency world, quickly gaining popularity.
