A playful spat between the official social media account of cryptocurrency Litecoin and crypto influencer Benjamin Cowen has grabbed the eye of the broader crypto group heading into the weekend.
“Your head jogs my memory of the good recession,” Litecoin, the Twenty first-largest cryptocurrency by market cap, mentioned in an X submit on Friday, firing again at crypto influencer Benjamin Cowen after he poked enjoyable at Litecoin’s (LTC) long-term worth motion towards Bitcoin (BTC) with the caption “the quiet half.”
Cowen mentioned, “Your market cap jogs my memory of the good recession.” Litecoin responded, “You can use a cap.” The jokes stored rolling. Litecoin mentioned, “I name this the ‘No want for Head and Shoulders’ chart,” referencing the favored bearish reversal sample.
Litecoin is down roughly 73% from its Could 2021 all-time excessive of $410.26 and 67% down from its $25.89 billion market cap peak, now at $8.52 billion, in accordance with CoinMarketCap.
Nonetheless, the cryptocurrency has climbed roughly 69% over the previous 12 months.
The broader group joined in on the banter
Litecoin isn’t any stranger to humor on-line; the challenge’s social media account usually leans into memes and playful posts to have interaction its 1.2 million X followers.
Cowen, in the meantime, joked that he’d misplaced all his “hair making an attempt to persuade Litecoiners to transform to Bitcoin.” “A small worth to pay for the larger good,” he added.
Mild-hearted social media feuds are widespread within the crypto trade and are often loved by the group.
The back-and-forth social change captured the curiosity of the broader group, with the official social media account of cryptocurrency Sprint additionally chiming in, commenting, “Worth chart immediately means you’ve misplaced the argument.”
Cowen responded, “Sprint is down 99% towards Litecoin. Why don’t you sit this one out.”
The change led to some merchants altering their tone on LTC
The continuing change led some merchants to recommend they have been turning into extra bullish on the asset. Bitcoin dealer Tyler Durdan mentioned, “Shopping for Litecoin instantly.”
Associated: LTC underneath $90: Shopping for alternative or warning signal?
It comes as a number of asset administration companies intend to launch Litecoin ETFs within the US.
On Feb. 6, asset administration agency Grayscale utilized to the US Securities and Change Fee (SEC) to record shares of the Grayscale Litecoin Belief as an exchange-traded product (ETP) on the New York Inventory Change (NYSE) Arca.
Only a few months prior, in October 2024, asset supervisor Canary Capital filed registration paperwork for a spot Litecoin ETF with the SEC.
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