Litecoin Leads Bitcoin LTC 65% Gains Echo Start Of 2019 Bull Run

Litecoin (LTC) hit $70 for the primary time since September 2019 this weekend, fuelling hypothesis it’s going to induce a Bitcoin (BTC) bull run.

Data from Cointelegraph Markets and Coin360 confirmed LTC/USD passing the notable $70 roadblock on Feb. 1, occurring to say native highs of $71.50.

Litecoin Leads Bitcoin  LTC 65% Gains Echo Start Of 2019 Bull Run

LTC seals 65% calendar month-to-calendar month returns

As with many main altcoins, the accomplishment caps a extremely profitable calendar month for Litecoin, which on Jan. 1 listed at simply $43.

Litecoin price 1-calendar month chart

However, the 65% bounce caught merchants’ consideration for one cause specifically. As common Twitter character Loma far-famed on Saturday, Litecoin put in an similar efficiency in March final yr.

After doubling its worth over 4 weeks, Litecoin gave option to Bitcoin, which started a three-calendar month bull-run culminating in a 19-calendar month report of $13,800.

Analyzing present sentiment, Loma and others now see the potential for the sample to repeat itself.

“Litecoin leads bitcoin,” investor Michael Flaum summarized on Twitter on Friday.

“Litecoin up 5.8% Don’t know why, but it’s a common trend. $10k Bitcoin very possible.”

The highway to $100Ok begins

As Cointelegraph reported, a number of buying and marketing sources have not too lang syne flipped increasingly optimistic on Bitcoin’s prospects for this yr.

Having damaged out of the $6,000 vary, commentators at the moment are generally satisfied {that a} return to these ranges is very unlikely.

In a Market Discussion on Friday, two well-known crypto YouTubers added to the sense of anticipation, contention that now ranges of $9,400, BTC/USD is already inside the bull cycle, which may attain no to a small degree $80,000.

Litecoin Leads Bitcoin  LTC 65% Gains Echo Start Of 2019 Bull Run

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