The rally in bitcoin prices continues. Yesterday BTC/USD broke past $276 per coin and moved up to a high of $289.89. Today the move up extended with BTC making a new high at $293.70. But altcoins are still trading weak and seem unwilling to follow big brother higher. Both Peercoin and Namecoin are still well within their trading ranges. And while Litecoin briefly broke $2 dollars today, it has yet to clear the area and rally higher.
Litecoin Pushing on $2 Dollars
Alternative cryptocurrency Litecoin has largely missed the substantial bitcoin move up. Since prices broke out of the range at $266 on March 2nd, bitcoin has been in rally mode. Litecoin on the other hand has yet to break free from its congestion area. The daily chart below shows this range with a yellow rectangle.
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