LTC price hits 13-month high against Bitcoin — All-time high next for Litecoin?
Litecoin continues to gain strength as traders' attention shifts to a broader altcoin market against Bitcoin's slowing uptrend. Litecoin (LTC) prices surged by up to 35% to hit a one-year high against Bitcoin (BTC) this week, prompting analysts to predict an extended upside momentum for the remainder of the ongoing monthly session.LTC/BTC 1-week candle chart (Binance). Source: TradingViewThe LTC/BTC exchange rate touched 6,358 sats during the Asia-Pacific trading hours. The pair later corrected to an intraday low of 5,776 sats ahead of the London opening bell as profit-taking sentiment....
Related News
On May 9, Cointelegraph reported that Bitcoin price established a new all-time high at $1,733. In just two days, on May 11, Bitcoin price achieved its new global average all-time high at $1,866. Previously, Cointelegraph revealed that high-profile and institutional investors envision Bitcoin increasing to around $4,000 by the end of 2017. Specifically, Daniel Masters, director at Global Advisors Bitcoin Investment Fund (GABI), stated: "That example of a successful soft fork in Litecoin has made people start to think that we could get a successful SegWit implementation in Bitcoin and....
Litecoin looks unstoppable! The bullish herd mentality has pushed the price to a fresh 10-month high of $6.453 on strong trading volume. And there are no technical signals which indicate that the frenzy is about to lose steam. In fact, the market participants have started accumulating Litecoin on even the slightest dip. Litecoin has added 18% in gains since yesterday to currently trade at $6.153. The 240-minute LTC-USD price chart looks sturdy and poised for more gains. But since the cryptocurrency has already rallied significantly in such a short time, I remain skeptical of its future....
Litecoin prices are up nearly 30% in a 24-hour period with price pushing beyond $10 per coin amid anticipation of the protocol upgrade, Segregated Witness or SegWit. Over the last 12 months, Litecoin has predominantly settled under $4 per coin before it caught bullish wave in the final days of March. Prices soared, nearly doubling on March 30 to just under $8, setting a 20-month high during the day. Those strong gains continued this week, with prices now doubling over a five-day period after Litecoin’s biggest pool – F2Pool, signaled for SegWit on April 1st. Speaking to CCN in early....
According to data from Bitstamp, the USD price of 1 BTC has eclipsed its previous all-time high of $19,666 set on December 13, 2017. The post Bitcoin Price Hits All-Time High appeared first on Bitcoin Magazine.
The price of bitcoin surpassed its all-time high touching $20,800 on Wednesday morning (EST). At the time of publication, the crypto asset is up over 6% during the last 24 hours with a whopping $380 billion market capitalization. Bitcoin has touched a two-week high reaching $20,800 per coin on Wednesday, December 16, 2020. The price has crushed the previous all-time high (ATH) captured on December 1, 2020, at $19,920. After reaching the ATH on Wednesday, nearly 100% of all BTC in circulation is in a state of profit. There is currently 18.5 million BTC in circulation which gives the crypto....