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Litecoin (LTC) Emerges the Only Challenger to Bitcoin (BTC) On Weekly Charts

Litecoin (LTC) Emerges the Only Challenger to Bitcoin (BTC) On Weekly Charts
Bitcoin (BTC) is growing stronger and consolidating its market dominance during the recent volatility. Recently, BTC price surged past $25,000 levels to hit its new all-time high. However, it has retraced marginally back to $24,807 but is still up 5% on the daily chart.
While Bitcoin continues to dominate the weekly market performance, the only challenger to it is Litecoin at the moment. while the BTC weekly gains stand at just over 7%, the LTC weekly gains are at 20%. Almost every other altcoin has failed in this regard and has dropped against BTC. The below weekly chart clearly shows that Litecoin (LTC) has been making close moves to that of Bitcoin (BTC).
Courtesy: CoinMarketCap
A week before, Litecoin (LTC) made strong advancements from $82 all the way to hit its new 2020-highs above $120. even during the market correction on Thursday, Litecoin managed to hold above its crucial support levels of $100. On Christmas day, Litecoin made a swift recovery jumping 18% in the last 14-hours.

$Ltc gearing up to absolutely rip again, strong uptrend and blowing every other major including #btc ands especially #eth out of the water in terms of performance for weeks.

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