Litecoin in charge of the market with an increase of 12%

Litecoin in charge of the market with an increase of 12%

The last two hours have seen the "silver" of cryptocurrencies make big leaps in the market. Litecoin has now set a new peak in prices in 2019 as a result of a price increase of over 12%. This performance derives from the launch of Ethereum and Litecoin, which exchange the largest exchange based on the volume of trade, the OKEx cryptographic exchange.

The announcement came for the first time in December, allowing the bulls enough time to consolidate and now finally rally. In addition to this, the bulls are riding the announcement that Litecoin Lightning Network has reached an important milestone in active nodes: 100 active nodes.

Looking at the margin of market capitalization between Litecoin and EOS, the next couple of hours could see Litecoin surpass EOS in the market ranking. At the time of printing, Litecoin amounted to $ 2,255,598.587 while EOS amounted to $ 2,462,567.082. Already

Litecoin was able to push past the Stellar XLM which exceeded it last year and now seems ready to slip past EOS.

The slow movement of most of the top 20 coins has greatly increased Litecoin's pursuit of a higher ranking. Among the first 20 coins, only Cardano saw a gain near Litecoin and at the time of printing increased by 7%.

At press time, Litecoin is trading above $ 37, approaching $ 38. The next realistic key level for the coin is now $ 40, where bulls are bound to encounter stubborn resistance. In recent weeks, the broader market has developed a rally model at the start of the week and this could be crucial for Litecoin.

If prices can push up to $ 40 before the next larger bullish charge on the market, the momentum may be enough to get Litecoin righty at the edge of a $ 50 position.

Follow TokenTops on Twitter is Join our group of Telegrams to stay informed about new articles, cryptocurrency news, ICO announcements and forecasts and price analysis.

Legal Disclaimer: Please note that trading, buying or any other type of investment in cryptocurrencies must be considered risky and can lead to the loss of all the money invested. For more information visit the Terms and Conditions section on TokenTops. We do not encourage our readers to any kind of financial decision. Neither tokentops.com nor its parent companies accept responsibility for any loss, damage or inconvenience caused by reliance on information published or linked to tokentops.com. We believe everyone should do their own in-depth research on the particular topic in various sources before making any financial decision and this person should be solely responsible for the result. Our writers do their best to remain impartial and do not actively support any project. The research is conducted with various sources, the predictions are based on their beliefs, analytical skills, experts and community discussions and are intended to transmit only general information.