$LTC gains 5% amidst Bitcoin’s September struggles – Historical trend? - AMB Crypto Analytics

Litecoin (LTC) has rallied 3% over the past seven days, trading at $66.37, while Bitcoin (BTC) struggled below the $57K support. Historically, September has been bullish for LTC, even as Bitcoin tends to turn bearish. Despite BTC's recent decline, LTC has surged 8% since August 28, diverging from Bitcoin's usual influence.

This anomaly may be temporary, as LTC typically follows BTC's movements. However, Litecoin's recent surge can be attributed to its surpassing Bitcoin in transaction volume by over 10%, and a significant rise in open interest and trading volume.

While LTC has outpaced BTC in recent performance, caution is advised due to its history of mirroring Bitcoin’s market trends, especially during September.