Litecoin breaks $100, hitting levels not seen since June 2018

www.chepicap.com 2019-05-16 07:30
Reading time: ~2 m

Litecoin has broken the $100 mark with altcoins pumping today in the cryptocurrency market. It's the first time since June 12 2018 that we see $LTC trading with three digits.

Earlier tonight, Litecoin broke the $95 resistance which has led to a price pump al the way up to $102. According our price analyst David Borman, the next resistance is forming at $110, with $101 acting as the new support line. Over the last 24 hours, Litecoin has seen a price pump of 12,5%.

LTC/USD Chart provided by Tradingview

The performance of LTC is another sign that altseason is upon is, with green all over the board in the cryptocurrency market. Ethereum is now trading at around $238, following a 15% growth. Our analyst Lourens Pepler stated earlier today that the road for ETH towards $400 is clear, with small resistance forming at $300.

ETH/USD Chart provided by Tradingview

In the top 10, Binance Coin has also seen major gains following the reopening of the Binance exchange. BNB hit an all-time high at $27 and is now trading around $26.7.

The best performer in the top 20 is Tezos, that is seeing gains of 24%. XRP, Cardano, TRON, Stellar, Monero, Bitcoin SV, Ethereum Classic, IOTA and NEO are all up more than 10%.

With altcoins going through the roof, Bitcoin is also moving up. BTC is now trading for $8130, after a rise of 4%.

BTC/USD Chart provided by Tradingview

The total cryptocurrency market cap has broken the $250 billion dollar mark, a level not seen since August 7, 2018.


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