Litecoin, the 5th altcoin based on the total market cap, has been quiet recently in terms of new updates and partnerships. Litecoin brands themselves as the Silver of the crypto-assets, whereas Bitcoin is Gold.
Cryptocurrency market is once again heading north as the US Dollar Index plummets. The US Dollar index lost 0.32% today and nears the lowest level of last year’s December 31.
Litecoin is leading in today’s gains among top 10 cryptocurrencies. Litecoin outperformed Bitcoin, Bitcoin Cash and Ripple by weekly gains. There are no significant updates and news related to Litecoin, except listing on Paypal, hence the price action is mainly related to speculation by traders and general crypto market sentiment.
Cryptocurrencies continue correcting not far from important support levels. If they break these areas, the entire cryptocurrency market may continue the correction much deeper.
The cryptocurrency market is trying to recover. And if such assets as Bitcoin and Ethereum are looking quite confident in favor of further growth, the other ones, like Litecoin and EOS are very likely to fall and test their respective support areas.
Cryptocurrencies have gone in descending corrections again.
The crypto market is trying to grow after another correction.
The cryptocurrency market continues to correct.
After updating their respective highs once again, all assets have started descending corrections, which may be considered just as another movement to the downside before a further uptrend.
Cryptocurrencies are still correcting before another attempt to start a new bullish impulse. In charts of many cryptoassets, they are forming a Triangle pattern, a breakout of which to the upside may lead to the continuation of the current trend.