While there is a general downward trend in Bitcoin (BTC) and altcoins, some altcoins are experiencing steeper losses due to negative events.
One of these altcoins was the Ethereum (ETH)-based altcoin Loopring (LRC), which was attacked for $ 5 million and experienced a sharp decline.
While LRC has become one of the current topics in the market, Santiment stated that the sharp decline offers a buying opportunity for dip buyers.
When FUD was combined with the 22% drop in LRC in 4 days, Santiment emphasized that there was a buying opportunity in LRC.
What Happened?
Ethereum-based cryptocurrency Loopring suffered a $5 million attack. Following this attack, the LRC token experienced a sharp decline.
Litecoin (LTC) Gives a Bullish Signal!
Apart from LRC, Santiment, which also evaluated Litecoin, known as digital silver, reported that the number of unique and active addresses in the Litecoin (LTC) network has increased.
Stating that the addresses on the network have increased rapidly and doubled since June 4, the analyst said that with the increase in network activity, the RSI entered the opportunity zone and gave an upward signal.
“Approximately 345,000 addresses were active on the Litecoin network during May, while an average of 704,000 unique addresses interacted on the network last week.
"The more than doubling of active addresses and the RSI moving towards the opportunity zone could herald an LTC bounce."
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