Altcoins Boom

Altcoins are starting to move after ETH and BTC’s movements after testing lows on Saturday. Litecoin is one of the largest movers with the broader cryptocurrency space following the lead of the two larger behemoths. With ETH approaching $4,800 and BTC attempting to test $66k once more, we are seeing an increase of the overall cryptocurrency market cap to $2.88 trillion.

The MFI and MACD on the 4-hour chart for LTC have increased significantly in a short period of time, so it is likely that in the short term term for LTC to retrace slightly, or settle into a consolidation pattern soon.

LRC is leading the pack today in percentage gains, with a whopping percentage gain of 38% according to coinmarketcap.com at the time of posting. it should be noted that with all this momentum upwards, it’s important to see where LRC finds support as it approaches areas it hasn’t seen since its ATH back in 2018.