Massive Price Surge: Bitcoin Cash [BCH] hikes by 8% in an hour; Litecoin [LTC] and EOS up by over 6%

After maintaining largely stagnant price movement, the collective crypto-market seems to be enjoying a massive run, at press time. Following the news about Bitcoin crossing the $6,000-market, almost all altcoins witnessed a sharp turn of events as the market momentum reversed and pushed the coins by significant amounts to break immediate resistances.

Source: CoinMarketCap

At press time, the top three altcoins painted green were Bitcoin Cash, Litecoin and EOS as they managed to surge by over 5% within a matter of minutes as they followed Bitcoin’s price movement.

Bitcoin Cash [BCH]

Source: Trading View

Source: Trading View

Bitcoin Cash, the fourth largest cryptocurrency on CoinMarketCap, was seeing a massive surge of 8.20%, at press time. Following the surge, the coin was valued at $295.43, with a market cap of $5.24 billion. The Bitcoin hard fork registered a 24-hour trading volume of $1.96 billion and was up by 6.54% over the past day. With the surge, the coin seems to have left bears behind and was up by 10.70% over the week.

OEX held 10% of the total BCH trade volume via the BCH/USDT pair, registering $202 million in volume. The second spot was held by LBank, which accounted for $197 million in trading volume via the BCH/BTC pair.

Litecoin [LTC]

Source: Trading View

Source: Trading View

Litecoin, following BCH closely, was hiking by 7%, at press time. The fifth largest cryptocurrency was moving in tandem with Bitcoin and was valued at $79.95. The silver coin held a market cap of $4.92 billion and registered a 24-hour trading volume of $3.76 billion. The coin held on to its earlier highs and was up by 8% over the day. The coin also followed Bitcoin Cash in abandoning the bear market and was up by 10% over the week.

Coineal held 14.85% of the 24-hour trade volume of Litecoin, registering $633 million in volume via the LTC/BTC pair. Coinall was second on the list and held $253 million in trade volume via the LTC/BTC pair.

EOS

Source: Trading View

Source: Trading View

EOS, the sixth largest cryptocurrency,…

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