Not XRP, SHIB but this alt can be your choice for diversifying portfolio

ambcrypto.com:

Litecoin [LTC], which is often regarded as an underdog, displayed a commendable performance last week as compared to other market players. 

Interestingly, Litecoin was featured in the ‘Top 5 Altcoin’ list published by the Evening Standard, which definitely adds more value to the blockchain. 

— Litecoin (@litecoin) September 1, 2022

The list mentioned some of the cryptocurrencies in 2022 that can be viewed as alternatives to the king of crypto, Bitcoin [BTC]. These altcoins can be considered for investment purposes or can be a choice for diversifying investment portfolios.

Apart from Litecoin, other cryptos that made it to the list include Ethereum [ETH],Cardano [ADA], Solana [SOL], Bitcoin Cash [BCH], and Dogecoin [DOGE], which was the only meme coin on the list. 

While most cryptos struggled to move upwards since late August, Litecoin managed to register positive 24-hour and seven-day gains. At the time of writing, LTC was trading at $57.24 with a market capitalization of $4,068,169,109.

The performance increment did not come as a surprise, as several on-chain metrics backed the uptick. For instance, LTC’s Market Value Realized Value (MVRV) ratio quickly gained an uptrend along with its price.

The price surge was also backed by high volumes, further establishing the legitimacy of the episode.

Source: Santiment

Interestingly, the number of receiving addresses increased over the last week. It was a positive sign for LTC as it indicated investors’ confidence in the token.

Source: Glassnode

Furthermore, LTC’s social presence also increased over the last week as its trending words rank improved considerably. This pointed toward