Despite the fact that LTC makes up for the first and once one of the most successful Bitcoin (BTC) forks, it appears that Litecoin had to step out and leave its spot on the list to another fork.
This time the November dips brought Litecoin down to the spot of the 9th largest list while hitting a new low and trading below the initial value if 30$ while the latest Bitcoin Cash fork, Bitcoin SV (BSV) took its place as the 7th largest cryptos.
It appears that after almost two weeks of breaking through the bearish market trends, BSV is showcasing that the dip has nothing on this crypto, as BSV is rising by 94% in a single week.
Still showing signs of progress on November 27th in the middle of the dipping market where the defeated Litecoin is going down by over -4% and Bitcoin SV is seen up by 11%, being the only crypto in the top list of 20 that is actually rising despite the bear trends.
Litecoin Now Trading as the 9th Largest Cryptocurrency
November is not the first month that had seen Litecoin dipping at an accelerated rate, although November dips brought LTC to its lowest of under 30$ now trading at the price of 29$.
Months back, EOS expelled LTC from the 5th spot on the list, only to have LTC later on dominated by Stellar Lumens that pushed it even lower on the list where Litecoin was taking the spot of the 7th largest crypto at the time.
Now when Bitcoin SV is seen progressing less than two weeks after the Bitcoin Cash hard fork took place, BSV is the 7th largest cryptocurrency, and Litecoin dropped to the spot number 9, just below the stable coin Tether (USTD).
Even with the momentum that LTC gained with appearing on Facebook Messenger as a payment method that enables sending and receiving LTC through this messaging app, LTC is still dropping.
At this pace of growth, Litecoin might be looking at new lows with a potential of even going below its present value in case the dip prolongs to December as well.