Litecoin Is Looking Good These Days – Is This What’s Coming To All Altcoins?

2019-5-25 17:28

Of late, the crypto market has been nice especially to the top coins like Bitcoin and Litecoin. Besides Bitcoin which is the ultimate market leader, Litecoin seems to look good too as compared to other altcoins. In fact, according to a tweet sent out by one ‘Loma’, the crypto has been on an impressive rise of late.

Litecoin’s movement as of late has been a good indicator of what’s to come for alts.

Litecoin is up over 10% on the daily.

— Loma (@LomaCrypto) May 24, 2019

Loma’s tweet comes at a time when the larger crypto market is finally showing serious signs of recovering from months of crypto winter that saw even the top leader like Bitcoin stuck at the low end for a long time. However, with such developments, hope is back.

10% Increase

Going on in his tweet, Lama noted that Litecoin has scored a good 10% price jump on the daily, raising questions as to whether this increase might affect other altcoins in the market.

We can only wait and see. At the moment, Litecoin sits at position 5 among the top 10 cryptos, trading at around $101.64 and with a market cap of $6.29 billion and daily trading volume totaling a cool $5.7 billion.

Can It Be An Indicator?

In his tweet, Loma wondered whether Litecoin’s market development could be a ringing bell for other altcoins to follow suit. For one, Bitcoin has been the main trigger for crypto price increases for years, although there have been a few isolated instances where some cryptos have unexpectedly mounted their own sharp spikes. Case in point is the recent 100% spike in BSV’s price triggered by some news about Craig Wright claiming copyright to the Bitcoin Whitepaper.

Granted, there has been a lot of talk about whether altcoins are currently capable of decoupling from Bitcoin to chart their own price trends.  Now the question is: Could it be Litecoin or what other crypto looks set to lead the dissenting camp? Loma wagers that, indeed, Litecoin has been a good indicator for other cryptos, but what happens next is still a subject of speculation.

Are There Skeptics?

Lama’s tweet did touch a few nerves of crypto fans that came out to offer dissenting opinions. To some, Litecoin is yet to beat Bitcoin as a valid market influencer.

The post Litecoin Is Looking Good These Days – Is This What’s Coming To All Altcoins? appeared first on ZyCrypto.

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Litecoin (LTC) на Currencies.ru

$ 83.18 (+0.04%)
Объем 24H $301.117m
Изменеия 24h: -0.93 %, 7d: -3.08 %
Cегодня L: $82.94 - H: $83.46
Капитализация $6.205b Rank 20
Цена в час новости $ 100.72 (-17.41%)

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Источник: zycrypto.com

litecoin altcoins → Результатов: 126


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The price of Bitcoin (BTC/USD) is surging like crazy but what about altcoins? BTC’s rise close to $7,000 is pushing altcoins up as well but not as much as the flagship cryptocurrency is uptrending. Source: Coin360 Litecoin Marching Ahead & Ethereum Turns Attractive Among the top cryptos, Litecoin has turned out to be the winner. […]

2019-5-11 18:48


Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC price breakout anticipated while LTC exhibits bullishness

The cryptocurrency market went on a big sprint, with the market cap climbing all the way to $191 billion, prompted by Bitcoin’s rally beyond $6,000. As BTC continued to outperform the altcoins, its silver counterpart, Litecoin [LTC] failed to gain significant upward movement in its valuation and was trading below $80.

2019-5-11 01:30


Bulls in Motion as Bitcoin (BTC) Trades above $5,650 USD Price Point But Danger Flashing Ahead

The leading cryptocurrency is enjoying a good deal of greens as Bitcoin traded at $5,822 with 24-hours gains of 2.29 percent, at the time of writing, as per Coinmarketcap data. As BTC climbed upwards, altcoins also saw flecks of green with Bitcoin Cash (BCH) and Litecoin (LTC) registering over 3 percent gains taking the total […]

2019-5-4 20:17


Massive Price Surge: Bitcoin Cash [BCH] hikes by 8% in an hour; Litecoin [LTC] and EOS up by over 6%

After maintaining largely stagnant price movement, the collective crypto-market seems to be enjoying a massive run, at press time. Following the news about Bitcoin crossing the $6,000-market, almost all altcoins witnessed a sharp turn of events as the market momentum reversed and pushed the coins by significant amounts to break immediate resistances.

2019-5-3 13:42


Litecoin Achieves New Heights As Lightning Strikes Twice

Litecoin, the sixth-largest cryptocurrency asset by market capitalization, has recently set a new high in mining hashrate – and a new record number of Lightning nodes. The eight-year-old cryptocurrency continues to defy predictions of its demise, with new adaptations like Mimblewimble and the Lightning Network demonstrating its viability against other altcoins.

2019-4-16 22:12


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