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, stated in an X put up on Friday, firing again at crypto influencer Benjamin Cowen after he poked enjoyable at Litecoin’s (LTC) long-term value motion in opposition to Bitcoin (BTC) with the caption “the quiet half.”
Cowen stated, “Your market cap jogs my memory of the good recession.” Litecoin responded, “You may use a cap.” The jokes stored rolling. Litecoin stated, “I name this the ‘No want for Head and Shoulders’ chart,” referencing the favored bearish reversal sample.
Litecoin is down roughly 73% from its Might 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 to CoinMarketCap.
Nevertheless, the cryptocurrency has climbed roughly 69% over the previous yr.
The broader group joined in on the banter
Litecoin is not 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 attempting to persuade Litecoiners to transform to Bitcoin.” “A small value 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 trade captured the curiosity of the broader group, with the official social media account of cryptocurrency Sprint additionally chiming in, commenting, “Value chart immediately means you’ve misplaced the argument.”
Cowen responded, “Sprint is down 99% in opposition to Litecoin. Why don’t you sit this one out.”
The trade led to some merchants altering their tone on LTC
The continued trade led some merchants to recommend they have been changing into extra bullish on the asset. Bitcoin dealer Tyler Durdan stated, “Shopping for Litecoin instantly.”
Associated: LTC below $90: Shopping for alternative or warning signal?
It comes as a number of asset administration corporations intend to launch Litecoin ETFs within the US.
On Feb. 6, asset administration agency Grayscale utilized to the US Securities and Alternate Fee (SEC) to listing shares of the Grayscale Litecoin Belief as an exchange-traded product (ETP) on the New York Inventory Alternate (NYSE) Arca.
Just some months prior, in October 2024, asset supervisor Canary Capital filed registration paperwork for a spot Litecoin ETF with the SEC.
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