Shiba Inu vs Litecoin- Investors are estimating the more profitable asset for holiday investment

Litecoin vs Shiba Inu– the two cryptocurrencies are competing to become the top crypto investments this Christmas! As we all know, the year 2022 has been traumatic for the entire crypto market, besides, the mainstream economic and financial markets are also suffering due to the ongoing recession. Major digital assets like Bitcoin and Ethereum have lost over 50% of their value and have driven many investors away from the market. While small surges in the top cryptocurrencies have given little hope of profits, these hikes failed to achieve any major resistance, causing further losses for crypto users. Nevertheless, the digital asset market is on its way to recovery and cryptocurrencies like Shiba Inu and Litecoin are demonstrating signs of major incoming rallies. SHIB has emerged as one of the most dynamic cryptocurrencies in the market and manifested stunning growth over the past 2 years. As for Litecoin, the last quarter of 2022 has proven to be extremely profitable. LTC has experienced several positive developments in Q4 2022, including yielding 45% gains in November. In contrast to these cryptocurrencies, Bitcoin and Ethereum have mostly highlighted significant losses. Currently, it is safe to say that the Litecoin vs Shiba Inu competition might give us interesting results citing which investment is safer this Christmas.

Litecoin vs Shiba Inu- Your Best Best in Q4 2022

First, let us dive into the current price movements of Litecoin. LTC has emerged as Bitcoin's affordable and more efficient version. Since its inception, BTC has grown by leaps and bounds, however, Litecoin remained stagnant for a considerable period of time. Experts claim that LTC has formed a bearish symmetrical triangle from May to November, but currently, the crypto is trying to break out of this pattern. Basically, symmetrical triangles are trend continuation patterns. In simple words, if a crypto breaks out of this symmetrical triangle, it would indicate that its price is moving in the direction of its previous trend. LTC rallied almost 50% in November. Experts predict more rallies are about to happen since the crypto is nearing its halvening event. Litecoin is due for its third mining reward-halving event, a procedure that causes massive hikes in the crypto's value.

Coming to the price movements of Shiba Inu in 2022, the memecoin has created a lot of buzz in the market lately. Shiba Inu is one of the most wanted coins in the crypto market. Recently the BONE token's 28% rally caught the attention of SHIB bulls. Experts say that one of the factors that positively impacted the token's rising value was its listing announcement made by the major cryptocurrency exchange Uphold. But BONE's listing in Uphold was a result of the Shiba Inu community that has also helped other exchanges take the same step. Nevertheless, the Shiba Inu token is also nearing its chances of reaching the US$1 resistance with growing trading volumes among crypto whales and other long-term investors.

So Which Crypto is Your Safest Bet this Christmas?

Well, the answer depends on what the investor is actually looking for. The surges among these cryptocurrencies are mostly caused by momentary incidents and might not uphold their hikes for a long period of time. Hence, both cryptocurrencies are in an extremely volatile place. However, Litecoin is currently the best alternative to Bitcoin and can be considered a long-term investment. Whereas, historically, Shiba Inu has been unable to keep up with its hikes and have plummeted eventually. If investors are looking to invest momentary gains, Shiba Inu might be the best bet, but with an incoming halving event, long-term investment seekers can opt for Litecoin.