Crypto news in the blockchain sector: what is the performance of Litecoin (LTC) and Ethereum Classic (ETC) coins?
Here's an overview of prices, market sentiment and more.

Analysis of Litecoin (LTC) and Ethereum Classic (ETC) cryptocurrencies

Recall that Litecoin (LTC) is a peer-to-peer cryptocurrency and open-source software project released under the MIT/X11 license. Ethereum Classic (ETC), on the other hand, is a blockchain-based distributed computing platform offering smart contract features.
In particular, it is open-source and supports a modified version of the Nakamoto consensus through transaction-based state transitions performed on a public Ethereum virtual machine.

LTC cryptocurrency price rally comes after Litecoin ordinaries protocol

Two weeks after the Litecoin Ordinals Protocol, a concept similar to the Bitcoin Ordinals Protocol that allows people to coin NFT on the underlying blockchain, a rally in the price of Litecoin cryptocurrency (LTC) began.
Specifically, we see that the Litecoin community introduced a forked version of the BRC-20 standard called "LTC-20" on May 2.
As a result, anyone can now insert NFT, a token of the LTC-20 standard, into the Litecoin blockchain using its native Ordinals protocol.
Since the introduction of the LTC-20 standard, Litecoin network activity has increased, with the total number of daily transactions on the chain reaching a record high of more than 576,700 on May 9, according to BitInfoCharts.com.
By May 14, however, the number of transactions had dropped to 511,290, although it was still higher by historical standards. Moreover, according to Santiment, the total number of active addresses on the Litecoin network has increased significantly since the introduction of the LTC-20 token standard.
In addition, the euphoria around Litecoin's upcoming halving of its value in August has also strengthened LTC's bullish outlook.

Ethereum Classic (ETC) price near demand zone

Based on recent data, we can see that the outlook for the Ethereum Classic (ETC) cryptocurrency price favors bullish sentiment, and an upward movement is possible in the coming months until it consolidates above the $15.00 support level.
The ETC price appears to be consolidating in a tight range between $18.00 and $25.00 and could probably break out on either side.
However, it has repeatedly encountered resistance near the 200-day EMA, indicating a downtrend.
Fortunately, however, the price has not collapsed and is still holding above the $18.00 support level. ETC cryptocurrency volume is declining, showing that fewer participants are showing activity and expect the price to consolidate further.
Ethereum Classic recorded higher gains in early March and began to decline, wiping out previous gains and reaching yearly price lows.
However, in mid-March, the general market sentiment improved, and the fall stopped near the $16.00 mark. Finally, the price of Ethereum Classic recovered after the support and gave rise to hope for a reversal of the bullish trend.
Slowly and steadily, the ETC price reached $22.00 again, but unfortunately could not hold on to higher levels. Therefore, as long as the ETC price does not exceed $18.00, the possibility of a rebound remains in favor of a bullish trend.
However, if the situation worsens and the price falls below $18.00, the bears may try to test the annual lows. Technical analysis suggests that the ETC price is near the demand zone and is consolidating to form a base.