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Bitcoin’s [BTC] Positive Break-out: BCH, LTC, ETH, XRP and other Altcoins Commence the ‘Alt-season’?

Bitcoin which was moving sideways in a small range near $3900, finally broke the $4000 resistance gaining 3% on the daily. The sideways movement of the market in the past week had left the traders uncertain, regarding the direction of the next big move in the Bitcoin price. However, a break above the range might suggest that bulls have taken control.

The total altcoin market capitalization (excluding Bitcoin) has gained 4.5% on the daily. Bitcoin Cash (BCH), Litecoin (LTC) and Ethereum (ETH) are leading the altcoin market gains. The total market capitalization of cryptocurrencies broke the $140 billion-mark first time in 2019.

Altcoin Market Cap Excluding Bitcoin

Bitcoin Cash (BCH) and Litecoin (LTC) Amongst Top Gainers

Bitcoin Cash, the hard fork of BTC, is the leading the altcoin gains with a 17% rise on the daily index. The price of Bitcoin on 16 March 7: 00 am UTC is $157 trading higher from $133.3 on March 15, 2019.

LTC/USD chart on Coinmarketcap

Litecoin (LTC) is also nearing…

Read Full Story : Coingape

2019-03-16 09:18:02

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Written by Coingape

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