Bitcoin News Today: Litecoin's playful spat with influencer sparks bullish buzz

Litecoin has sparked a humorous yet notable social media exchange with crypto influencer Benjamin Cowen, capturing the attention of the crypto community. The back-and-forth began after Cowen critiqued Litecoin’s (LTC) long-term price action against Bitcoin (BTC), describing it with the caption “the quiet part.” In response, Litecoin’s official social media account engaged in playful banter, quipping that Cowen’s appearance “reminds me of the great recession.” The exchange escalated with Litecoin suggesting Cowen’s need for “Head and Shoulders,” a reference to the shampoo brand and a subtle jab at his hairline [1].

The lighthearted feud has not only gone viral within the crypto space but has also drawn in other projects like Dash, which commented, “Price chart instantly means you’ve lost the argument.” Cowen retorted by noting that Dash is down 99% against Litecoin and suggested it step aside from the discussion. The tone of the conversation has shifted some traders to adopt a more bullish outlook on Litecoin, with Bitcoin trader Tyler Durdan stating, “Buying Litecoin immediately.” This response underscores how social media interactions can influence market sentiment in the digital asset space [1].

Litecoin, the 21st-largest cryptocurrency by market capitalization, has faced significant challenges in recent years. It is currently trading at a price more than 73% below its May 2021 all-time high of $410.26 and has seen its market cap drop from a peak of $25.89 billion to $8.52 billion as of the latest data. However, over the past year, the asset has managed to post a positive return of approximately 69%. Despite the long-term decline, the recent price movement suggests a potential stabilization or reinvigoration of interest in the asset [1].

The ongoing social media engagement reflects a broader trend in the crypto industry, where projects and personalities often use humor and meme culture to connect with their audiences. Litecoin’s account, with over 1.2 million followers on X, frequently utilizes this strategy to maintain visibility and community engagement. Cowen, for his part, added to the banter by joking that he had “lost all [his] hair trying to convince Litecoiners to convert to Bitcoin,” highlighting the playful nature of the exchange.

The crypto community appears to be embracing this kind of interaction, with many users participating in and sharing the dialogue. As the conversation continues, it is worth noting that Litecoin is currently drawing interest from institutional players. Several asset management firms are preparing to launch Litecoin ETFs in the United States. On February 6, Grayscale submitted an application to the SEC to list the Grayscale Litecoin Trust as an exchange-traded product on NYSE Arca. Earlier, in October 2024, Canary Capital filed registration documents for a spot Litecoin ETF [1].

Source: [1] Litecoin Feuds With Crypto Influencer Over Price And ... (https://cointelegraph.com/news/litecoin-crypto-influencer-fued-price-action-ltc)