Litecoin is probably going exhibiting curiosity in becoming a member of the meme coin sector following the latest market frenzy, as per a put up that claims “I now identify as a memecoin” because of present market situation. Dogecoin reacted and welcomed the transfer and requested followers to counsel a mascot. Traders responded instantly to the posts, triggering a 15% upside transfer in LTC worth.
Litecoin Now Joining the Meme Coin Space?
Litecoin, a decentralized peer-to-peer crypto impressed by Bitcoin, triggered a huge dialogue on the X platform on November 14. The put up stated, “Due to current market conditions I now identify as a memecoin.”
This sparked dialogue and hypothesis within the crypto neighborhood, with many suggesting how the transition will take impact. Other top meme coins comparable to Dogecoin welcomed this proposal by Litecoin. It recommends selling Litecoin’s transfer with a “chibi mascot.”
Hey fam, @litecoin now determine as a memecoin, so can we assist them out making a few LTC memes to get them began? Some type of chibi mascot I feel 🤔 https://t.co/t8OiCPDNY6
— Dogecoin (@dogecoin) November 14, 2024
One of the customers took a jibe stating, “You were always a meme coin”. Litecoin responded that it a “lifestyle choice at the moment. Probably just a phase.” Also, Litecoin mocked Ethereum and Solana because the crypto neighborhood hopes these tasks may tweet one thing like this.
Will LTC Price Breach $100 Soon?
The complete meme coin sector has become a frenzy following PEPE Coin listing on Coinbase, Robinhood, and Upbit exchanges on Tuesday. Along with the 83% beneficial properties in PEPE worth within the final 24 hours, Dogecoin (DOGE), dogwifthat (WIF), and Bonk (BONK) have additionally rallied one other 25% every. Well, this huge crowd consideration, Litecoin appears tempted to hitch the meme coin camp.
LTC worth jumped 15% previously 24 hours, with the worth at present buying and selling at $82.25. The 24-hour high and low are $72.70 and $84.35, respectively. Furthermore, the buying and selling quantity has elevated by 33% within the final 24 hours, indicating a rise in curiosity amongst merchants.
As per CoinGape evaluation, Litecoin price can jump to hit $100 with golden cross sample formation and the meme coin hype.
As per the info from IntoTheBlock, the stability held by short-term LTC holders has surged by 31% over the previous month, signaling a notable development shift. Such accumulation by short-term holders usually aligns with market bottoms or precedes important worth rallies.
Bhushan Akolkar
Bhushan is a FinTech fanatic with a eager understanding of economic markets. His curiosity in economics and finance has led him to concentrate on rising Blockchain know-how and cryptocurrency markets. He is dedicated to steady studying and stays motivated by sharing the data he acquires. In his free time, Bhushan enjoys studying thriller fiction novels and infrequently explores his culinary expertise.
Disclaimer: The introduced content material might embody the non-public opinion of the writer and is topic to market situation. Do your market analysis earlier than investing in cryptocurrencies. The writer or the publication doesn’t maintain any duty on your private monetary loss.
