Litecoin Hits 17-Week High and It Could Be Bullish for Bitcoin

Litecoin was trending higher on Saturday against an otherwise bearish intraday narrative in the overall cryptocurrency market.
The seventh-largest crypto by market cap closed above its seven-week high to hit $72.72. The strong move upward brought Litecoin’s intraday rise to more than 6 percent. At the same time, its gains this week notched up to 36.25 percent (data from BitStamp).
Litecoin rate continues to climb despite corrective macro sentiment | Source: TradingView.com, BitStamp
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