, Litecoin maintained a positive position as per its social engagement and mentions. Although it was ranked 98 among the altcoins, the crypto social intelligence platform noted that the excellent social levels had impacted LTC’s market reaction.At press time, the influence was obvious. This was due to the 3.15% increase registered by the decentralized payment cryptocurrency.Despite the upturn, LTC’s price was far from being a premium buy at $62.15.
As of this writing, the Binance funding rate was 0.006%. This meant that LTC had attracted traders, and they, in response, turned up the volume pumped into the derivatives market. Interestingly, the total weighted sentiment also drew a positive reaction. At press time, Santiment dataAs this was a recovery from the drop on 20 November, it implied that investors’ attitude towards LTC was worthwhile. In addition, it indicated a possible sentiment for the coin to significantly increase in the long term.However, the uptick recorded by LTC could not produce much profit for its holders.