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Litecoin [LTC] Outperforms Bitcoin Ahead of Mining Rewards Halving

Litecoin spikes 33% in seven days to become the best performing altcoin.
Litecoin is still in the middle of bullish pressure in spite of the correction from the new high.

Litecoin has broken away from Bitcoin price to champion its unique recovery journey. The price of most of the cryptocurrencies like Ethereum and Ripple are still tied to Bitcoin movements. However, at the moment, Litecoin has shown the ability to act independently of what is going on with Bitcoin.

Initially, there was a break above $120 but the momentum stalled slightly under $130. In just a week Litecoin has added 33% to its value becoming the best performing altcoin of not cryptocurrency in a consolidating market.

LTC/USD 4-hour chart
Chart Source: Tradingview

Litecoin surged above the…

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