- Multiple crypto analysts pointed out LTC’s and BCH’s price breakouts on twitter over the past few hours.
- The analysts are convinced that LTC has finally entered its pre-halving rally.
- LTC and BCH both saw their prices surge by more than 15% over the past 24 hours of trading.
Multiple crypto analysts pointed out Litecoin’s (LTC) and Bitcoin Cash’s (BCH) price breakouts on Twitter over the past few hours. This came after EDX Markets, which was launched last week, decided to let its traders—institutional investors only—start off with Bitcoin (BTC), Ethereum (ETH), LTC, and BCH.
Renowned trader, Michael van de Poppe, shared that LTC looked ready for its pre-halving rally in a tweet earlier today. The trader believed that both LTC and BCH had the potential to achieve 2X gains.
Rekt Capital, another crypto analyst, agreed with this and expressed his own excitement about the fact that LTC’s pre-halving rally was underway in a separate tweet. Rekt Capital also shared his thoughts about BCH’s potential earlier this morning.
According to the analyst, BCH was able to reclaim an important support around $230.00 on its daily chart. As a result, the price of the crypto was able to climb above $300.
CoinMarketCap indicated that LTC was trading hands at $98.00 after it saw a 16.88% price increase over the past 24 hours of trading. This meant that LTC was trading on the heels of its daily high of $98.18 at press time.
LTC price (Source: CoinMarketCap)
LTC’s success throughout the past day allowed it to flip its weekly performance back into the green to +12.73%. Meanwhile, the altcoin’s 24-hour trading volume saw an increase of more than 140%, which left it standing at around $1 billion.
BCH price (Source: CoinMarketCap)
BCH’s 24-hour increase of more than 36% secured it the number 2 spot on CoinMarketCap’s trending list. Consequently, BCH was worth about $310.96 at press time. The crypto’s price surge also meant that its weekly performance was firmly set in the green zone at +118.61%.
Meanwhile, BCH’s market cap of $6,068,967,598 meant that it was ranked as the 14th biggest crypto in terms of market capitalization. This placed it right behind Polygon (MATIC) in the 13th position. Since reaching its all-time high of $4,355.62 in December of 2017, the price of BCH has slipped by more than 90% to trade at its current level.
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