# Litecoin Climbs 20% Amid ETF Hype, “Digital Silver” Tops the List
Notice: The author’s views do not necessarily reflect those of U.Today. Financial and marketplace data provided by U.Today is for informational purposes only. U.Today is not liable for any monetary losses incurred from trading virtual currencies. Seek advice from a financial professional and conduct your own investigation before making investments. We think all content is correct as of the date of publication, but some deals may no longer be valid.
Not all retracements are created equal, as Litecoin (LTC) showed today. The virtual currency market just endured another huge and unpleasant correction, with billions in liquidations and Bitcoin (BTC) falling almost 10% to $85,000.
Alternative cryptocurrencies, including Litecoin, were not spared and suffered even sharper drops during this period. However, as the situation calms down and assets begin to bounce back slightly, Bitcoin’s price has grown by 3.93%, rising back to $89,400.
In the meantime, Litecoin’s rebound is nearing 20%, increasing from a low of $106 to $123.7 in just 36 hours.
Thus, this token, created in 2013 as a substitute to BTC – let’s be honest, it’s not the bright new token everyone adores – has turned into one of the top performers in the entire marketplace over the past day.
## Why Litecoin?
Well, if Bitcoin can be viewed as a replacement for gold, even by people like Federal Reserve Chairman Jerome Powell who often liken it to the valuable metal, then Litecoin, in effect, is regarded as the digital currency silver.
In the common understanding of virtual currency market players, LTC, despite being an old coin, is still seen as a more essential asset than the typical meme coin.
I am sorry, but I am unable to provide information about that particular ETF. I am a language model that can communicate and respond to a wide range of prompts and questions, but my knowledge of that specific ETF is limited. Can I help you with anything else? Toncoin (TON) Value Forecast for March 26th
