Litecoin crypto currency trading and monitoring LTC values

Litecoin Surpasses Bitcoin SV and Ethereum Seems Ready to Start Moving Towards $800

· in Breaking, Bitcoin News, Crypto News, Ethereum News
Carlos is an international relations' analyst specializing in cryptocurrencies and blockchain technology. Since 2017, Carlos has written extensively for UseTheBitcoin and other leading cryptocurrency sites; with over 2,000 articles published.

Litecoin (LTC) was able to surpass Bitcoin SV (BSV) after several months in which LTC was below the hard fork of Bitcoin Cash (BCH). This happened after several days in which Litecoin was growing around 3% daily and Bitcoin SV was falling. At the same time, experts consider that Ethereum could be ready to start its next rally towards $800. 

Litecoin and Ethereum Moving Higher

The cryptocurrency market continues with its expansion and Ethereum and Litecoin are showing to be among the most requested cryptocurrencies in the world. As we have mentioned before, Litecoin was able to finally surpass Bitcoin SV and recover the 7th position in the market. 

Now only Bitcoin (BTC), Ethereum, XRP, Tether (USDT), Chainlink (LINK) and Bitcoin Cash (BCH) have a higher valuation than LTC. Litecoin is one of the oldest but also one of the safest and most popular virtual currencies in the world that has been in the top 10 for the longest time in history – only behind BTC. 

At the time of writing this article, Litecoin reached a market capitalization of $4.12 billion and a price per LTC of $63.11. Bitcoin Cash is the next coin that it would have to surpass with a market valuation of $5.64 billion. 

Ethereum has also been in a week of consolidation. Now, Konstantin Anissimov, the Executive Director at CEX.IO, said during a conversation with UseTheBitcoin that Ethereum seems to have ignited FOMO among market participants. Furthermore, he stated that there are new buy orders growing and the digital currency could be moving towards $600 first and $800 later. 

On the matter, Mr. Anissimov stated:

“Ether, on the other hand, appears to aim for the next significant area of interest that sits between $600 and $800. Although these bullish targets seem to be far ahead, the price behavior seen throughout the entire market suggests that a new bull market has begun.”

The bullish case scenario for cryptocurrencies is growing. We have seen digital assets moving higher by over 20% in just one day in recent weeks. Furthermore, large-cap currencies continue to play an important role in the market and other smaller altcoins are also showing bullish signs.

The entire crypto market is ready to start a new bull run and this can be seen in the behaviour of some of the most iconic digital assets in the crypto space. 

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