The bitcoin rally has finally awoken the cryptomarket. All of the three altcoins we follow, Peercoin, Namecoin and Litecoin are trading substantially higher. But the largest percentage gains were seen in Bitcoin’s little brother LTC. The altcoin is up by 53 cents or just above 16 percent in the past three days alone. Bitcoin is trading higher as well but not to that extent. Let’s go over this week’s mover first and we’ll get back to BTC later in the article.
Litecoin Rockets Higher
Alternative cryptocurrency Litecoin rallied by over 16 percent in the last three days alone. On the chart below we can clearly see this breakout from that long-lasting congestion area. The repressed altcoin only needed a few hours to break several of resistance levels. But ultimately it stopped right at the December highs of $3.82 dollars per coin. This was another level noted in our previous article.
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