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Dogecoin<\/strong> DOGE\/USD<\/span> relative Litecoin<\/strong> LTC\/USD<\/span> is seeing an upward movement, after trading below the $60 mark for several weeks.<\/p>\n What Happened:<\/strong> At the time of writing, LTC was trading at $62.85, up 8% in the last 24 hours, according to CoinMarketCap. This comes as meme coins DOGE and\u00a0Shiba Inu<\/strong> SHIB\/USD<\/span> remain relatively unchanged in the past 24 hours, gaining 0.45% and 0.15%, respectively.<\/p>\n FTX FTT\/USD<\/span> collapse <\/a>sent shockwaves to the overall crypto market, plunging apex crypto Bitcoin BTC\/USD<\/span>, Ethereum ETH\/USD<\/span> and others. LTC plummeted to $52 on the news of FTX collapse, however, has already regained the crucial $60-mark.<\/p>\n According to LTC Foundation, over 60 million Litecoin have been in cold storage for more than one year, sending bullish signals to investors.<\/p>\n See More: <\/em>Decentralized Exchanges<\/em><\/a><\/p>\n Earlier last week, MoneyGram MGI<\/span>, a leader in digital P2P payments, announced the launch of a new service<\/a> to buy, trade and store Litecoin.<\/p>\n Price Action:<\/strong> ETH is trading at $1,223.17, up 1.07% in the last 24 hours. Bitcoin is at $16,905, up 1.77%, according to Benzinga Pro.<\/a><\/p>\n Read Next: <\/em>Bitcoin, Ethereum, Dogecoin Mixed: Analyst Says Cryptos Weakening As ‘Risk Appetite Just Left The Building’<\/em><\/a><\/p>\n<\/div>\n