yes, I hope bitcoin dominance can drop to 60%. This would be good not only for Litecoin but all the altcoins on the market would be affected. Currently LTC is in a good condition. and if bitcoin stops rising. This will be a great opportunity for Litecoin to return to ATH.
The current spike was resulted solely from Bitcoin and the altcoins don't have any role in the bull run. And this is the reason why the Bitcoin dominance rose from 57% to 68% in less than three months. I won't be surprised if the Bitcoin dominance increases to 80% or above in the next few months. Altcoins survived for so long, but their time is up. Users don't want to invest in coins without real usage.
Exactly my thoughts. Alts like LTC despite the coin being in the top 10 cryptocurrencies have no say in a bull run. Only BTC determines the market trends for other alts and its dominance dictates market prices since many investors see value in holding BTC not alts.
So now down to the point, is LTC going to break new resistances and go through a major breakout - I think it is all down to BTC and the way it is now under 30k I'm not qualified to say if this is the start of the much anticipated bears or a renumeration if the bulls!