Litecoin traders say LTC price dips below $100 are ‘accumulation’ opportunities
Traders say the potential for a spot LTC ETF makes Litecoin dips under $100 a buying opportunity.
After a period of outperformance against major crypto assets, Litecoin’s (LTC) price dropped as low as $94, a 26% fall from the weekly open.
While the trade wars between the US, Canada, China, and Mexico continue to pressure the crypto market, multiple analysts have pointed out a potential opportunity in Litecoin.
In February, LTC was one of the few altcoins that exhibited price dominance against BTC. Litecoin remained at breakeven value for the month, while Bitcoin faced an 18% drop. Litecoin’s resilience led to positive social commentary surrounding the crypto asset, which was largely dominated by the spot LTC ETF filings.
