Bitcoin and altcoins might consolidate or correct marginally for a few days before a possible breakout to the upside.
Litecoin (LTC) is a cryptocurrency and an open-source project released in 2017, inspired by and very close technically to Bitcoin. The key idea of the project was to make a faster and cheaper to use alternative to Bitcoin
Although there are some similarities between BTC and LTC, you can’t define Litecoin without pointing out some key differences, such as instant and near-zero cost transactions, increased speed of adding a new block into the Blockchain (2.5 minutes against 10 in the Bitcoin network) and a scrypt usage in its Proof-of-Work process to make it easier for regular PC users to mine new blocks against ASIC miners. It is also one of the first cryptocurrencies that adopted SegWit.
Litecoin is hugely popular to this day, ranked sixth place on CoinMarketCap with a more than eight billion dollars market cap.
If Bitcoin can reclaim the $12,200 level, several altcoins are likely to resume their uptrend.14738
Ledger has failed to fully fix a major vulnerability that allows for a “Bitcoin Fork” attack.5207
The strong recovery in Bitcoin and altcoins from their weekend lows suggests that the traders are aggressively buying each dip.27157
Bitcoin price corrected sharply after reaching $12,000 but the strong bounce from BTC and altcoins shows bulls are intent on pushing prices higher.25342
Bitcoin finally broke through the $11.2K resistance and Ethereum’s continued strength is likely to pull several altcoin prices higher.35737
Bitcoin and most altcoins could consolidate for a couple of days before resuming their uptrend.32065
Bitcoin has made a decisive move above $10,500, which is likely to boost sentiment and pull several altcoins higher.37928
Ethereum price looks to make a new 2020 high as Bitcoin bulls fight to hold BTC price above $9,600.27614
Many altcoins could pick up momentum If Bitcoin and Ethereum break above key resistance levels in the coming days.20106
Financial regulators in the US approved shares of Grayscale Investments’ Bitcoin Cash and Litecoin trusts for trading on OTC Markets.8955
Most major altcoins have witnessed profit booking as traders become cautious about the future of Bitcoin’s price.21545
Bitcoin and a few altcoins are showing signs of weakness, which could result in a minor dip in the next few days.22358
Select altcoins are showing strength and if Bitcoin price perks up a fast paced, market-wide rally could occur.17013
Equities markets are surging and many altcoins continue to push higher as Bitcoin price consolidates into a tight trading range.19676