Crypto Market Update: Litecoin and XRP Lead the Altcoin Rally

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Santiment says that the FOMO sentiment for Litecoin and XRP is on the rise.
The two altcoins are expected to turn volatile and traders are advised of increased risks.
Litecoin has done $14.17 billion in transactions in the last seven days.

Litecoin (LTC) and XRP, two leading cryptocurrencies in the digital asset sector, are poised for potential breakouts due to the growing Fear Of Missing Out (FOMO) sentiment. The altcoins have performed well in recent days amid the broader market rally.

According to the data by blockchain analysis platform Santiment, XRP and LTC are currently witnessing the formation of bullish narratives among investors and as a result, volatility is expected to surge in the near future. Santiment added:

“These coins can continue to rise, but the crowd’s euphoria toward these assets could make them high risk, high reward investments this week.”

CoinMarketCap data shows that XRP rallied more than 29% in the last seven days, outperforming Avalanche (AVAX), Toncoin (TON), Solana (SOL), Dogecoin (DOGE), along with leading digital assets Bitcoin (BTC) and Ether (ETH). On the other hand, LTC shot up almost 13% in the past week.

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