Litecoin [LTC] and Bitcoin Cash [BCH]: The Unstoppable Crypto Duo

BCH LTC

Litecoin [LTC] and Bitcoin Cash [BCH]: The Unstoppable Crypto Duo

Bitcoin initiated the bull run in the cryptocurrency markets on 2nd April 2019. However, Litecoin [LTC] and Bitcoin Cash [BCH] have taken center stage only on the second day of the bull run.

Bitcoin Cash Gains 92% in 2-Days

On the 4-Hour Chart, Bitcoin Cash [BCH] has registered nine green candles out of ten successive four-hour trading sessions. The price of Bitcoin Cash [BCH] at 18: 00 Hours UTC on 3rd March 2019 is $326.28. It is trading 55.5% higher on a daily scale.

Bitcoin Cash [BCH] completed a 92% rise in two days. The price of Bitcoin Cash [BCH] on April 1, 2019, was trading around $167.

The RSI index on the 1D chart was 91 suggesting a correction in the short term. However, a weekly chart the RSI was 55, neither in the over-bought not in the over-sold region. The price also moved above the 200-Day Moving average on the daily scale suggesting that bullish momentum might continue.

BCH/USD 4-Hour Chart on Bittrex

Litecoin Completes 50% Rise

On the 4-Hour Chart, Litecoin has registered nine green candles out of ten successive four-hour trading sessions. The price of Litecoin [LTC] at 18: 00 Hours UTC on 3rd March 2019 is $93.01. It is trading 31.1% higher on a daily scale.

Litecoin [LTC] completes 50% rise in two days. The price of Litecoin [LTC] on April 1, 2019, was trading around $60. Litecoin nears $100 valuation for the first time in 2019.

The RSI on the daily scale was 87, which entered the over-bought region. Moreover, the RSI on the weekly level – 76 has also entered the over-bought territory. However, a move the 200-Day Moving average might pursue the bull run further.

LTC/USD
LTC/USD 4-Hour Chart on Bittrex

As cryptocurrency and Blockchain continues to gain mainstream attention, BCH and LTC have evolved as the most reliable and feasible cryptocurrencies as a mode of payment. The transaction cost of sending LTC and BCH transactions are negligible, and both of them can support large volumes of transactions.

Do you think Litecoin [LTC] and Bitcoin Cash [BCH] will continue the momentum of the sudden bull run or corrections are in order? Please share your analysis with us. 

Summary
Litecoin [LTC] and Bitcoin Cash [BCH]: The Unstoppble Crypto Duo
Article Name
Litecoin [LTC] and Bitcoin Cash [BCH]: The Unstoppble Crypto Duo
Description
Bitcoin initiated the bull run in the cryptocurrency markets on 2nd April 2019. However, Litecoin [LTC] and Bitcoin Cash [BCH] have taken center stage only on the second day of the bull run. 
Author
Publisher Name
CoinGape
Publisher Logo
Coingape is committed to following the highest standards of journalism, and therefore, it abides by a strict editorial policy. While CoinGape takes all the measures to ensure that the facts presented in its news articles are accurate.
Disclaimer The views, opinions, positions or strategies expressed by the authors and those providing comments are theirs alone, and do not necessarily reflect the views, opinions, positions or strategies of CoinGape. Do your market research before investing in cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.
Author: Nivesh Rustgi

Nivesh from Engineering Background is a full-time Crypto Journalist at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

Post your comment...
Nivesh Rustgi 604 Articles

Nivesh from Engineering Background is a full-time Crypto Journalist at Coingape. He is an atheist who believes in love and cultural diversity. He believes that Cryptocurrency is a necessity to deter corruption. He holds small amounts of cryptocurrencies. Faith and fear are two sides of the same coin. Follow him on Twitter at @nivishoes or mail him at nivesh(at)coingape.com

Follow Nivesh @