- Major cryptocurrencies are in green and above critical support levels.
- LTC is the best-performing cryptocurrency of the day.
Cryptocurrency market broke that deadly bearish pattern and clawed back some ground on Tuesday with Bitcoin and all major altcoins demonstrating positive momentum. Litecoi, EOS, and Binance Coin are among the growth leaders, gaining over 10% on a day-on-day basis. It seems that some volatility is back after a week-long consolidation in a narrow range.
Bitcoin (BTC) is changing hands marginally above $3,800 handle with over 3% gains in recent 24 hours. The first digital coin retraced from the intraday high of $3,857; however, the short-term trend remains positive. A sustainable move above $3,800 will encourage some more buying.
Ethereum, the second largest coin by market value, is changing hands at $136.34. Despite a substantial retreat from the area above $140.00, the coin is still over 7% higher since this time on Tuesday, recovering in sync with the market. The upside momentum might gain traction later during the day.
Ripple’s XRP, the third largest coin, stays at $0.3140, with 2.5% gains day-on-day. The coin recovered partially from recent sell-off, though it is still in red on a weekly basis.
Litecoin (LTC) is the best-performing coin out of top-20 with over 13% of gains. LTC/USD is changing hands at $52.23 at the time of writing.