- Both XRP (XRP) and LTC (LTC) have risen over 18%.
- Prices have also dropped by more than 6%.
Follow us on Instagram Bitcoin’s [BTC] Many altcoins saw their prices rise beyond $70,000, and notable gains were observed in Ripple [XRP] The following are some examples of how to get started: Litecoin [LTC].
Question: Have these altcoins been able to maintain the rally?
XRP, Litecoin and other crypto currencies are leading social and market activities
XRP The following are some examples of how to get started: Litecoin At the end of the trading day on March 11, there was a surge of social activity.
These altcoins have seen a notable increase in Social Dominance, despite the attention focused on Bitcoin and its impressive rise.
AMBCrytpo, via Santiment’s analysis, found that XRP Social Dominance has risen to around 2.24%. Litecoin also rose to 1.2% the same day.
The changes are significant in comparison to their former levels. Social Dominance was around 0.9% and 1.8% at the time this piece of writing.
AMBCrypto also looks at LunarCrush’s The data shows that XRP & LTC are the most active altcoins on social media.
Santiment’s Market activity data showed that XRP, LTC, and Ton were also among the best performers. They both had a price rise of over 13%, only trailing behind Ton.
XRP (Litecoin) and XRP see records volume
XRP Litecoin has also seen a huge increase in its trading volume. It reached levels it hadn’t seen in several months.
The 11th of march saw XRP trading volumes surpass $6 billion. It was the largest volume seen in seven months.
The volume was over $7 billion at the time this article was written, which is a new high. Last July, XRP recorded a volume of over $23 billion.
Similarly, Litecoin After a long period of declining volume, the market saw an increase of about 1,07 billion dollars on March 11.
Litecoin volume has risen to $1.6 billion at the time this article was written, reminiscent the period in June when volume exceeded $3 Billion.
XRP and Litecoin are unable sustain rally
XRP, Litecoin and other cryptocurrencies experienced a significant price increase on March 11, resulting in increased social and business activity.
XRP’s Price rose over 18% and reached approximately $0.72. It was the most dramatic increase in price since July 20,23. It had dropped by more than 6 percent at the time we wrote this, and was trading around $0.69.
It was clear that the rally would have to be sustained if it were to continue.
Also, the increase in volume suggests a dominance of sellers in trading.
Similarly, Litecoin On 11th March, the price of goods rose by 18% to $103.8. This is a new high not seen since 2023.
Despite the notable rise, Litecoin couldn’t keep up the momentum. Its price fell by over 6%, to $97.2, at the moment of this writing.
Moreover, the Relative Strength Index for both altcoins fell below 64. While the price surge temporarily pushed the RSI to 70 or higher, the RSI fell as soon as the price dropped.
Despite the small setbacks, XRP/Litecoin remained in a strong bull trend..
The supply of profit is different.
Both XRP (XRP) and Litecoin (Litecoin) showed similar trends in the past 24 hours. There was a difference in the percentage of XRP and Litecoin’s profit when comparing their total supply.
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AMBCrypto’s analysis of Santiment’s total profit metric showed that XRP has about 91.3 trillion coins profit. This number represented over 91% at the moment of writing.
Litecoin, on the other hand showed in its analysis that more than 58.1 millions of its total supply were profit. This represents around 78.2% at the moment of writing.
“This article is not financial advice.”
“Always do your own research before making any type of investment.”
Source: ambcrypto.com