Litecoin (LTC) Leads Gains With Over 24% Increase In The Week

Litecoin (LTC) has recently completed its most bullish week since June, following a remarkable rise. The “digital silver” registered over 24% gains in the last seven days alone. There’s no main catalyst for the token’s impressive rise. However, its gains come amidst its hash rate reaching a new all-time high during the week. Furthermore, it has started the week off on a positive note by confirming its partnership with Wanchain. As far as the network’s interoperability is concerned, this news is a big win. Related Reading: Hive Blockchain Bucks The Bearish Trend By Holding $68 Million In Bitcoin Litecoin Joins Polygon To Lead the Top 20 Tokens In Gains In the previous week, Litecoin has gained 24%, propelling it into the top 20. These gains come despite other tokens in the top 20 league registering substantial losses and few gains. For instance, Bitcoin, the mother crypto, only gained around 1.65% in the past week, per CoinMarketCap metrics. In fact, no token in the top five positions recorded up to 5% gains. Besides Litecoin, Polygon is the other top-20 token with massive gains in the previous week. The Ethereum layer-2 protocol, MATIC, was seen showing gains of 40%. LTC began a run on October 21 after reaching a low of $49.55. But November is setting up to be a bullish month for the altcoin. Since the beginning of the month, Litecoin has seen five consecutive days of rising prices. On November 7, it set a new intraday h...