The crypto market is witnessing an ascending wave that started by Bitcoin at the end of last year 2020, to continue this wave, and most of the alternative digital currencies are affected, including those that achieved a new peak and those on their way to that.

Where the Ethereum coin achieved a new record high, as did the Binance coin “BNB” and the digital currency LINK…

As for the Litecoin “LTC”, whose performance is closely related to the performance of the Bitcoin currency, it is possible that it is on its way to its previous peak recorded at $ 360, according to the website “Light Coin”.Flying bird“.

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Litecoin “LTC” is currently trading at $206, an increase of 13% in the last 24 hours, 33% in the last week, and 39% in the last 30 days.

Litecoin, which is called “digital silver,” considering that Bitcoin is “digital gold” is approaching its highest levels, with only 44% remaining to reach the record level previously recorded by the currency.

In January 2021, on the back of Bitcoin recovering its gains after crossing the $40,000 level, the price of Litecoin dropped to $132.

However, the bullishness of the market ensured that LTC could soon rise to its highest level in 35 months.

Despite the emergence of many new cryptocurrencies and their rise in the ranking in terms of total market capitalization, litecoin still maintains its place among the top ten cryptocurrencies.

Litecoin LTC performance:

On the issue of numbers and data, Chainalysis revealed that LTC inflows to exchanges amounted to $172,847,528, as of February 13.

These numbers were significantly lower than those recorded in mid-January when Litecoin last tried to breach the long-awaited $200 level.

Since the rise in inflows to the trading platforms usually indicates and confirms an increase in selling pressure in the market, one can conclude that the current LTC market does not have much selling pressure.

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Additionally, if the age of the litecoin held is taken into account, Chainalysis found that the litecoin held for 2 to 52 weeks has increased by an average of 703.11 thousand LTC in the past four weeks, the largest increase after 109 weeks. .

The longer a currency is held, the more likely the owners will use the asset as a store of value or are long-term investors.

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