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LTC’s Uphill Battle: Can Litecoin Regain Its Former Glory?

LTC’s Uphill Battle: Can Litecoin Regain Its Former Glory?

Author:
LTC News
Published:
2025-05-07 07:52:31
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Litecoin (LTC), one of the earliest cryptocurrencies, continues to face challenges in regaining its momentum amid a broader market slowdown. Despite its decade-long presence, LTC has underperformed compared to other major digital assets, struggling to reclaim its position in the top ten. This article explores Litecoin’s current market standing, historical performance, and future prospects as of May 2025.

Litecoin Struggles to Regain Momentum Amid Market Slowdown

Litecoin, one of cryptocurrency’s earliest assets, continues to underperform despite its decade-long presence in the market. The altcoin has gained only 1,816% since its 2013 launch and remains 80% below its 2021 all-time high of $412.

Currently ranked as the 21st-largest cryptocurrency, LTC traded at $82.27 after a 6% decline. The asset’s failure to maintain top-ten status reflects its ongoing struggle to capitalize on broader market recoveries.

Litecoin Plunges on ETF Delay as Bitcoin Holds Steady Near $94K

Bitcoin’s attempt to breach the $95,000 resistance was swiftly countered by bearish pressure, driving the price down by approximately $1,000. The cryptocurrency now hovers around $94,000, maintaining stability after a week of recovery from earlier dips to $93,000.

Litecoin leads altcoin losses following the SEC’s decision to delay a ruling on a proposed LTC ETF. The regulatory hesitation has triggered a market-wide retreat among alternative cryptocurrencies, with LTC bearing the brunt of the sell-off.

Despite Friday’s brief surge to $98,000 - Bitcoin’s highest level in two months - the momentum failed to sustain. The market appears to be consolidating as traders weigh regulatory developments against underlying institutional demand.

XRP Price Climbs Amid Declining Volume as Market Sentiment Shifts

Ripple’s XRP edged higher to $2.14, marking a 1.73% gain despite a 2.82% drop in daily trading volume. The divergence between price action and liquidity signals weakening trader enthusiasm, even as the token’s weekly performance remains positive at 4.19%.

Market capitalization now stands at $124.99 billion, reinforcing XRP’s position among top cryptocurrencies. Meanwhile, Litecoin, Stacks, and Worldcoin emerged as today’s strongest performers, while Virtuals Protocol and Fartcoin led declines.

The volume-price disconnect often precedes trend reversals, leaving analysts watching for either renewed participation or potential profit-taking. New token listings continue to reshape demand dynamics across exchanges, though none were specifically mentioned in today’s activity.

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