The official Twitter account of popular altcoin Litecoin (LTC), a decentralized peer-to-peer cryptocurrency inspired by Bitcoin, made a surprising post today.
At this point, the Litecoin official account attracted the attention of investors by stating that it now defines itself as a memecoin due to the current market conditions.
With this post, Litecoin has indicated that it is showing interest in joining the memecoin sector following the recent market frenzy.
Dogecoin (DOGE), the largest memecoin, responded to Litecoin’s memecoin share and expressed its welcome to the move.
Dogecoin quoted Litecoin's post and asked fans to suggest a mascot.
“Hey fam, Litecoin is now identified as a memecoin so can we help them make a few LTC memes to get them started? I think it could be a chibi mascot of some sort.”
Litecoin price responded immediately to these posts, with LTC price increasing by 11.5% in the last 24 hours. At the time of writing, LTC continues to trade at $81.5.
*This is not investment advice.