Litecoin Says It “Now Identify As a Memecoin”, LTC Price Spikes 15%

Litecoin is probably going displaying curiosity in becoming a member of the meme coin sector following the current market frenzy, as per a publish that claims “I now establish as a memecoin” resulting from present market situation. Dogecoin reacted and welcomed the transfer and requested followers to recommend a mascot. Merchants responded instantly to the posts, triggering a 15% upside transfer in LTC worth.

Litecoin Now Becoming a member of the Meme Coin House?

Litecoin, a decentralized peer-to-peer crypto impressed by Bitcoin, triggered an enormous dialogue on the X platform on November 14. The publish mentioned, “Attributable to present market situations I now establish as a memecoin.”

This sparked dialogue and hypothesis within the crypto neighborhood, with many suggesting how the transition will take impact. Different top meme coins akin to Dogecoin welcomed this proposal by Litecoin. It recommends selling Litecoin’s transfer with a “chibi mascot.”

Hey fam, @litecoin now establish as a memecoin, so can we assist them out making just a few LTC memes to get them began? Some sort of chibi mascot I believe 🤔 https://t.co/t8OiCPDNY6

— Dogecoin (@dogecoin) November 14, 2024

One of many customers took a jibe stating, “You have been all the time a meme coin”. Litecoin responded that it a “way of life selection in the meanwhile. Most likely only a section.” Additionally, Litecoin mocked Ethereum and Solana because the crypto neighborhood hopes these initiatives also can tweet one thing like this.

Will LTC Worth Breach $100 Quickly?

The complete meme coin sector has was a frenzy following PEPE Coin listing on Coinbase, Robinhood, and Upbit exchanges on Tuesday. Together with the 83% features in PEPE worth within the final 24 hours, Dogecoin (DOGE), dogwifthat (WIF), and Bonk (BONK) have additionally rallied one other 25% every. Properly, this huge crowd consideration, Litecoin appears tempted to affix the meme coin camp.

LTC worth jumped 15% previously 24 hours, with the value presently buying and selling at $82.25. The 24-hour high and low are $72.70 and $84.35, respectively. Moreover, the buying and selling quantity has elevated by 33% within the final 24 hours, indicating an increase 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 steadiness held by short-term LTC holders has surged by 31% over the previous month, signaling a notable pattern shift. Such accumulation by short-term holders usually aligns with market bottoms or precedes vital worth rallies.