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Litecoin and Bitcoin Price Ratio up by 130% Since June: Santiment

Published 12/28/2022, 07:55 AM
Updated 12/28/2022, 08:00 AM
© Reuters Litecoin and Bitcoin Price Ratio up by 130% Since June: Santiment

  • Sanitment reports that Litecoin and Bitcoin price ratio is up by 130%.
  • The platform stated that wallet addresses holding 1000+ LTC reached the highest in two years.
  • LTC trades below the 200-day MA. It could hit Resistance 1 if the bulls push through.

A market behavior analysis platform, Santiment, tweeted that the price of Bitcoin and Litecoin had been up since May. The market analysis platform stated that the price of the coins mentioned above was up due to the rise in the number of large wallet addresses accumulating these currencies.

The platform stated that the number of wallet addresses holding more than 1000+ LTC rose to 4,232, the highest in two years. Additionally, it stated that the price ratio of BTC and LTC was up by 130%.

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