Litecoin sees breakout, jumps 11% and is on its way to $80

03 May, 2019 | Updated: 03 May, 2019
by Jelmer van der Dussen
News
Litecoin sees breakout, jumps 11% and is on its way to $80

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.





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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Read more about: Litecoin (LTC)

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