LTC had a small bullish movement with BTC being bullisj but after reaching $180 or close, it’s moving in the reversal way. Almost all the coins had good pump, but what's wrong with LTC? It has not risen, despite price has been decreased. Can someone put a theory behind this?
There is no need to put an elaborate theory out there, litecoin is one of the oldest coins in the market and that means that it does not have hype on its side and when we also consider that for the most part it is a copy of bitcoin then there is not much to be excited about the coin in terms of development and new features so it makes sense that litecoin does not move as much as it did years before.
Now people are way more excited about new projects specifically DeFi coins which are exactly what we need as it seems regulations are going to once again try to slow down this market and we need DeFi projects to help us get around many of those regulations.