Xtb Cryptocurrency! ‘Litecoin Leads Bitcoin’ — LTC 65% Gains Echo Start of 2019 Bull Run

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Litecoin (LTC) hit $70 for the first time since September 2019 this weekend, fuelling speculation it will induce a Bitcoin (BTC) bull run. Data from Cointelegraph Markets and Coin360 showed LTC/USD passing the notable $70 barrier on Feb. 1, going on to claim local highs of $71.50. As with many major altcoins, the achievement caps a highly successful month for Litecoin, which on Jan. 1 traded at just $43. Litecoin price 1-month chart. Source: Coin360However, the 65% jump caught traders’ attention for one reason in particular. As popular Twitter personality Loma noted on Saturday, Litecoin put in a similar performance in March last year. After doubling its price over four weeks, Litecoin gave way to Bitcoin, which began a three-month bull-run culminating in a 19-month record of $13,800. Analyzing current sentiment, Loma and others now see the potential for the pattern to repeat itself. “Litecoin leads bitcoin,” investor Michael Flaum summarized on Twitter on Friday. “Litecoin up 5.8% Don’t know why, but it’s a common trend. $10k bitcoin very possible.”As Cointelegraph reported, multiple trading sources have recently flipped increasingly bullish on Bitcoin’s prospects for this year. Having broken out of the $6,000 range, commentators are now broadly convinced that a return to those levels is highly unlikely. In a Market Discussion on Friday, two well-known crypto YouTubers added to the sense of anticipation, arguing that at current levels of $9,400, BTC/USD is already in the bull cycle, which could reach at least $80,000.

All data is taken from the source: https://cointelegraph.com/
Article Link: https://cointelegraph.com/news/litecoin-leads-bitcoin-ltc-65-gains-echo-start-of-2019-bull-run

#litecoin #coincapmarket #litecoinpriceusd #cryptocurrencynews #cryptocurrencyexchange #cryptonews #cryptoexchange

‘Litecoin Leads Bitcoin’ — LTC 65% Gains Echo Start of 2019 Bull Run: https://www.youtube.com/watch?v=zhCmfYp9H34
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