Following the rise of Bitcoin, Litecoin has seen a breakout today. The 5th largest cryptocurrency in market cap jumped 11% on Friday.
According to the CoinDesk analysts, Litecoin has seen a breakout in an upwards movement. At the time of writing, LTC is trading for close to $79, jumping from 74$ to the current levels in a matter of minutes. Litecoin is often the frontrunner in the cryptocurrency market, paving the way for gains in Bitcoin and other altcoins.
— CoinDesk Markets (@CoinDeskMarkets) May 3, 2019
LTC/USD Chart provided by Tradingview
Most altcoins at first didn’t react to the 5% rise of Bitcoin, but now things are moving fast. Another big performer in the top 10 is EOS, that jumped close to 10%. Ethereum is also making gains now, up 4% following the latest Bitcoin move.
EOS/USD Chart provided by Tradingview
BTC is currently trading around $5750, with a premium of over $3000 on Bitfinex, where it is trading for almost $6100.
BTC/USD Chart provided by Tradingview
As always, Dogecoin is also making gains in this run. $DOGE saw an increase of 7% in the last 24 hours. Stay tuned on Chepicap for more price action.
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