Even though the weekend has offered both bearish and bullish market pressure alike, it seems Litecoin is coming up on top in the end. The currency has seen a remarkable uptrend across the USD and BTC market, which effectively pushes its price to $27.5 again. A very positive sign of brewing momentum, especially with a healthy amount of trading volume to back it up.
For many people, Litecoin is the de facto altcoin which is often overlooked. While Litecoin doesn’t necessarily offer some technical features one can’t find in Bitcoin, it is the cheaper option of the two. Litecoin also offers faster transactions to boot, which makes it somewhat valuable in its own right. It would appear the current LTC price reflects that overall positive sentiment first and foremost.