While Litecoin started 2019 with a massive rally leading up to the asset’s hard-coded halving, the fifth-largest cryptocurrency by market cap later retraced almost the entire rally. It also led the way for a massive altcoin run, just before Bitcoin began to skyrocket and caused the alt market to correct.
After a steady, prolonged decline, Litecoin has begun rallying once again, growing 10% on the day against the dollar and as much as 5% against Bitcoin. Litecoin gaining once again, could also be a sign that altcoins are finally going to grow in value after an extended selloff.
Litecoin Rallies 10% on LTC/USD Pair
Litecoin broke out this week alongside Bitcoin, and quickly rocketed out from the recent lows and trading range the cryptocurrency had been confined within. But while Bitcoin struggles to gain its footing for a move higher, Litecoin was able to go on a massive, 13% rally intraday against the US dollar.
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On the LTC/USD trading pair, Litecoin after this week’s rally drop back down to a low for today of $43.75, then over the course of a few hours gained as much as 13% to reach $49.50 before retracing to current levels around $48.75 for a solid 10% gain on the day.
Crypto analysts on Twitter had been asking why Litecoin was pumping, but it’s likely due to the altcoin market and even Bitcoin, being so oversold due to the ongoing downtrend, that even the smallest glimmer of bullish sentiment can send the price of crypto assets flying high.
LTC/BTC Grows 5% In A Move That Could Lead An Alt Season
Litecoin isn’t just gaining against the US dollar, but also against Bitcoin. On the LTC/BTC trading pair, Litecoin outperformed Bitcoin today by as much as 5%, even with Bitcoin climbing on the day as well.
Litecoin is often called the silver to Bitcoin as digital gold, but the two cryptocurrencies don’t always have much correlation. As Litecoin’s halving was reached, Bitcoin took off on a rally, while LTC dropped from highs around $145, all the way back down to a recent local low of $36 – marking a 75% decrease in price.
But on the Bitcoin pair, things weren’t much better, as nearly even altcoin in the market, including Litecoin, lost significant value from their ratio against BTC.
Ahead of its halving, the 5th ranked crypto asset by market cap reached 18,911 sats on the ratio, falling to a low of just 5,481 satoshi, representing a 71% drop against Bitcoin. During today’s rally, Litecoin rose 7% bringing the price to over 6,100 sats before falling to current prices and closing the day with a 5% gain.
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Litecoin rallying against Bitcoin bodes well for the altcoin market, as when this occurs it usually kicks off a major rally across the entire asset class. Typically, during these phases, Bitcoin either also rises or stays relatively stable, allowing the alternative crypto assets a chance to regain some lost ground against the reigning king of crypto.
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ETH’s price moved marginally in the last 24 hours.
PEPE, DOGE, and SHIB performed well over the last week.
As the market turned bullish, several altcoins displayed impressive performanThe post Will AI tokens and memecoins lead the next altcoin rally? appeared first on AMBCrypto.
This morning, crypto Twitter lit up with discussion over an altcoin that was once buzzing during the 2017 crypto hype bubble went on a sudden rally against Bitcoin. Before the rally began to retrace, the pump saw a massive 50% gain against BTC in a single day, giving crypto investors who were around during the... The post appeared first on NewsBTC.
Ripple blockchain’s native asset XRP showed signs of a weakening bullish momentum as traders’ reassessed their risks in the altcoin market. The third-largest cryptocurrency by market capitalization plunged by 4.
Yesterday proved to be a positive day for many cryptocurrencies, as Bitcoin’s fleeting rally allowed most major altcoins to post gains of 3% or more. XRP, which has been struggling to gain momentum over the past few days, attempted to break back into the $0.
The crypto asset known as Chainlink or LINK, has been the talk of the cryptocurrency market for much of 2019. The asset has strongly performed even while other altcoins struggled, and often outperformed Bitcoin at times throughout the year.
Brad Garlinghouse, the CEO of San Francisco-headquartered Ripple has responded to the growing criticism of XRP given the third-largest altcoin has failed to see a significant price rally in 2019 even when the market recorded double-digit growth.
It’s no secret that the decentralized oracle network Chainlink (LINK) has been one of the best performing digital assets of 2019, despite crypto winter and the absence of an altcoin rally. And a large part of that success may be down to one word: partnership.
Ethereum, the second-largest cryptocurrency by market cap, has been struggling to see a significant uptick in its price ever since the death cross on 4 September. The altcoin’s price did register a good bullish price rally between 12 September and 19 September.
XRP despite exhibiting any significant price rally in 2019 managed to hold its third spot on the CoinMarketCap ranking. The altcoin was trading at $0. 276 at press time, having seen a 1,93% rise on the 24-hour price chart.
ChainLink (LINK) is having an altcoin season of its own – all over again. LINK has been known to move against the trend, staging a similar rally in the second quarter. LINK has now grown more than 49% in a single week, touching $2.
After facing a sharp sell-off yesterday, Bitcoin was once again able to find support within the upper-$7,000 region, and its recovery back above $8,000 has triggered a notable XRP rally, which is sparking hopes that the next “altseason” is inbound.
2019 has been a tough year for altcoin investors, who have had to sit back and watch their asset’s value fall further while Bitcoin went on a parabolic rally. But no subset of altcoin holder has suffered as much as holders of XRP, the native token of the Ripple protocol.
The Stellar Development Foundation has made significant steps in facilitating the adoption of XLM. And, the price of the coin has reached levels not seen since 2017 with significant volume behind it.
Cryptocurrency markets are back in the red after yesterday’s meteoric rise. With some experts suggesting that yesterday’s rally was nothing more than a short squeeze, a retracement was to be expected.
At the start of 2019, altcoins like Litecoin, Ethereum, and XRP started to climb and show glimmers of hope that the bear market might finally be over, but a powerful parabolic Bitcoin rally sucked the momentum and capital right out of the altcoin market.
Ripple’s token has posted double-digit gains following a major rally in the altcoin space The XRP / USD pair could start to move towards the $0. 3500 level in the short-term Technical pullbacks under the $0.
Ethereum is seeing an outstanding rally against Bitcoin—fueled by strong network fundamentals—while the overall altcoin market sees some relief after months of bleeding. Altcoins in the green Altcoins are finally getting some relief after getting pummeled, in Bitcoin terms, since the beginning of the year.
Monday morning usually begins with tales of woe for ethereum and its altcoin brethren but things are looking a little brighter today. ETH has had a solid weekend with momentum building while its big brother has remained consolidating.
In the cryptocurrency world, there is Bitcoin, and all the other markets combined. The correlation between the world’s leading cryptocurrency and everything else is mindblowing. As of right now, the Bitcoin Dominance Index sits at 70%.
Hopes for an upcoming altcoin rally are getting fainter by the day. Institutions are continuing to drive the cryptocurrency market, according to new data, and they’re almost entirely focused on Bitcoin (BTC).
Recently, a few Bitcoin analysts expressed a pretty bearish opinion for Bitcoin. The 2018 bear market came to a halt early in April 2019 and Bitcoin began a fantastic mouth-watering rally for many weeks after that.
The start of 2019 saw Bitcoin, altcoins, and the total crypto market cap all reaching their “bottom,” and have all since risen USD in value by 100% or more. But at the start of April, Bitcoin continued to rally while altcoins have only bled out and capitulated, falling most sharply in their ratios against Bitcoin.
Tezos (XTZ) is proving to be a better near-term investment than bitcoin this week. The altcoin, accompanied by favorable fundamentals, has surged by 44 percent in the last four days as it looks to close the week at an even higher rate.
Litecoin has broken the current bearish downtrend pattern after a month-long pull-back saw price levels drop around 50%. The question remains as to whether LTC and other altcoins will begin to rally higher or continue to create lower lows over the coming weeks.
Coinspeaker Bitcoin Finally Passes $10K Barrier, Litecoin Still Leading the Altcoin RallyAltcoins have spent the second and third quarter of 2019 thus far falling in value relative to Bitcoin price.
Coinspeaker Litecoin Leading the Altcoin Rally While Bitcoin Price Struggles to Pass $10K BarrierAltcoins have spent the second and third quarter of 2019 thus far falling in value relative to Bitcoin price.
It’s been a good month for Bitcoin (BTC) holders, but it’s not yet clear what the latest movements mean for the rest of the market. While the leading virtual currency has gone from strength to strength – up more than 200% since the bottom in December – altcoin values have lagged behind.
Large cap altcoins have appreciated nicely against the US Dollar in 2019. Their gains however, have paled in comparison to Bitcoin's bullish rally this year. But Digital Currency Group CEO Barry Silbert said in a tweet Wednesday that he expects the market value of quality altcoins to catch up to the Bitcoin price boom sometime […]
The post Barry Silbert Predicts Altcoin Price Explosion to Catch Bitcoin Rally appeared first on CCN Markets
After a prolonged crypto-winter and subsequent Bitcoin rallies, much of the community is anticipating an altcoin season. However, crypto-traders and analysts speculate that the lack of an altcoin season so far has to do with a growing interest in initial exchange offerings [IEOs].
Bitcoin’s bull run in the past couple of months has not gone unnoticed by the cryptocurrency community and many have predicted that the altcoin season is underway. However, Vijay Boyapati, a cryptocurrency enthusiast thinks otherwise after outrightly stating that the current bull market is different from the others because each time a rally occurs, Bitcoin […]
The post Here’s Why Altcoins Aren’t Pumping As Hard As Bitcoin appeared first on ZyCrypto.
Tron and Ethereum have had a tumultuous few weeks. The Justin Sun-led Tron, despite developments and updates, has struggled to go up on the charts, while Ethereum continues to be the best performing altcoin in the cryptocurrency ecosystem.
Bitcoin Dominance has already exceeded 63%. Ethereum all this time is hovering below $ 300. Altcoin community is at a loss – where is the promised rally to $ 500? And better – to $ 1500? Perhaps it will not at all.
New data is laying bare the extent of altcoin losses in 2019 as Bitcoin steals lion’s share of the cryptocurrency market. Top 70 ‘Alts’ Down 19 Percent Against BTC Published by digital asset firm Bletchley, a variety of indices put some altcoin losses at over half since April this year.
The altcoin season might never come again to repeat a 2017-ish rally at the expense of Bitcoin, according to Jeff Dorman, chief investment officer at blockchain-oriented asset manager, Arca. Crypto’s Natural Selection Will Hit Many Altcoins On Monday, Dorman, who is certified by the CFA Institute, started a thread on Twitter, questioning the grounds for an upcoming “alt season.
Binance chief strategy officer (CSO) Gin Chao says he believes bitcoin can as high as $50,000 to $100,000 in this current bull cycle, as per an interview with BlockTV. The Binance executive does not, however, expect this parabolic BTC advance to be replicated in the altcoin market.
Altcoins suffered a massive drop against BTC due to the sudden and unforeseen rise in Bitcoin’s price. Most of the altcoins have broken strong support that has been holding for more than five months.
Bitcoin’s meteoric rally continues as the price nears $12,000. Meanwhile, altcoin/BTC pairs—including Ethereum, XRP, and Litecoin—are getting decimated as funds flow into the predominant cryptocurrency.
There has been no Monday correction for Bitcoin this week as the top cryptocurrency has held on to its weekend gains. With market dominance, a touch under 60% many traders and crypto aficionados are beginning to wonder if the altcoins will ever recover.
Bitcoin currently dominates the cryptocurrency market. Its price movements often determine the price direction of altcoins. A rally in Bitcoin’s price often tends to lift prices of many altcoins, while a BTC price drop usually causes the altcoin market to bleed.
Since the start of 2019, crypto investors and traders have been watching and waiting for the promise of “alt season,” a period in which altcoins outperform Bitcoin significantly. There have been a few glimmers of an alt season starting, but Bitcoin’s parabolic rally has stopped it short in its tracks.
Ethereum has responded positively following yesterday’s flash rally. For the second day, the asset is in the green zone. At the start of the week, the largest altcoin by market cap was recording lows of $230.
Cryptocurrency analysts are projecting an altcoin rally powered by the upcoming Litecoin halving slated for August 2019. Ahead of the halving, Litecoin has embarked on a bullish run. The entire market is closely tracking Litecoin to see its impact, especially on altcoins.
Ethereum [ETH], the second largest altcoin in the market, continued to post significant gains in the wake of Bitcoin’s rally. ETH’s 24-hour trading volume stood at $11. 87 billion and the market cap was $28.
Several top digital currencies listed on CoinMarketCap were surging as bulls rose to the occasion. The recent bullish swing can possibly be attributed to growing institutional adoption and the cryptospace’s numerous positive developments.
With Bitcoin [BTC] riding a massive bullish wave, breaking resistance after resistance, you would be forgiven if you turned a blind eye to the performance of the altcoins. The massive BTC price rally shrank the altcoin market to under 40 percent at one point, but now it looks like the king coin may face stiff […]
The post Binance Research: Altcoins record significant gains against BTC; commoners finally catching up to the king? appeared first on AMBCrypto.
Litecoin (LTC) could be heading the bearish route. According to CoinMarketCap, LTC has nosedived by 0. 52% or trading at $56. 50 as of press time. Litecoin going the bearish track LTC down by 0. 52%, trading at $56.
After a multi-year bear market, Litecoin (LTC) has finally begun to move higher over recent days. The asset has gained around 20% since the lows of last week at approximately $55. While there are many arguing that LTC has momentum, one analyst says that Litecoin is one of the “better bearish plays” in the crypto […]
Against Bitcoin, Litecoin has not performed well since the highs of 2017 and 2018. As of this article’s writing, the price of LTC in Bitcoin terms is 0. 0053 BTC — again, far from all-time highs.
Litecoin (LTC) has surged 42 percent in a three-week winning streak. But the rally showed signs of exhaustion upon testing a “huge falling resistance” for a breakout. LTC printed a so-called “bearish engulfing candle,” which, according to financial analyst Vince Prince, spells downside risks for the cryptocurrency.
Most of the top cryptocurrencies by market capitalization have been able to outperform Litecoin since March’s Black Thursday. Since then, Bitcoin and Ethereum are up by more than 130%. Even XRP has been able to recover most of the losses incurred during the marketwide meltdown as it rose by nearly 88%. Meanwhile, the seventh-largest crypto...
2020 has been a particularly rough year for Litecoin, with the crypto closely tracking Bitcoin’s price action and trading right around where it started the year at. Although LTC has been able to avoid declining over a year-to-date period, it has severely underperformed Bitcoin in the time following its capitulatory decline from its mid-February highs....
