Today, old altcoins such as $OKT and $LTC rebounded slightly.
The current rotation logic is similar to that of the traditional market, mainly due to the gradual outflow of Bitcoin funds.
Some conservative investors have lost interest in high-priced Bitcoin assets and started to pay attention to similar tokens. This trend is expected to continue when Bitcoin stagnates.
Unlike other old altcoins, Litecoin officially announced that LTC will be repositioned as a memecoin, thereby following the market trend and causing LTC to rise by 10% in a short period of time.
However, Litecoin's former glory as "digital silver" is difficult to reproduce. The end result of drifting with the tide is probably a sudden surge after a long period of silence, and then returning to normal.
