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. 

The post Litecoin [LTC] and Bitcoin Cash [BCH]: The Unstoppable Crypto Duo appeared first on Coingape.

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