🆙️$LTC is on the move.

It's been a while that the increase within 24 hours was greater than 5%. But today that is the case. This coincides with the price breaking through an upper resistance on the 1D chart.

#Altcoinseason2024 will certainly be really good for the value development of LTC. Here are my 2 main reasons:

[1] The price is pretty much at the same level as it has been for the majority of the time in 2023 and 2024. You will most certainly not see a big correction in 2024 because noone who bought after 2021 is in big gains. This leaves a lot of freedom to grow naturally.

[2] LTC is mined like $BTC and has a much better distribution than many new cryptocurrencies that emerged during the last 3 years, where creators and devs often still posses more than 50% of the whole supply. This distribution of LTC which is much fairer means that no big bag holders can put sustained sell pressure on it.