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Can Ethereum (ETH) and Litecoin (LTC) grow faster than Bitcoin (BTC) for a while?

Can Ethereum (ETH) and Litecoin (LTC) grow faster than Bitcoin (BTC) for a while?
Denys SerhiichukDenys SerhiichukU.Today

Even though most of the coins are in the green zone, there are also some exceptions to the rule. Mainly, Uniswap (UNI) is the main loser out of the top 10 assets, falling by 6.32% over the last day.

Chart

Top 10 coins by CoinMarketCap

BTC/USD

Yesterday morning, the support at $53,400 withstood the bears' onslaught. Sellers pierced this level, but the price was able to recover to the area of the $55,800 mark. In the afternoon, trading volumes began to decline, and the Bitcoin (BTC) price returned to the support of $53,400.

BTCUSD

BTC/USD chart by TradingView

The forecast of a decline to the area of $51,600 remains relevant; however, if buyers are able to fix above the two-hour EMA55 by the end of the day, then bulls will resume their attempts to return the pair above the uptrend line.

Bitcoin is trading at $56,500 at press time.

ETH/USD

Yesterday, the level of $1,660 was holding back the selling pressure. The Ethereum (ETH) price has pierced this level several times but is still holding above it.

ETHUSD

ETH/USD chart by TradingView

If buyers are unable to return the pair within the wide two-week corridor today, then the decline will reach $1,600.

Ethereum is trading at $1,723 at press time.

LTC/USD

Litecoin (LTC) is the biggest gainer on our list today. The rate of the "digital silver" has gone up by 4.35% since yesterday.

LTCUSD

LTC/USD chart by TradingView

On the daily chart, Litecoin has bounced off the support at $180 having confirmed the power of bulls. Buyers are still accumulating power to keep the growth according to the liquidity level. In this case, there are chances of seeing LTC at the resistance around $208 soon.

Litecoin is trading at $194.76 at press time.

Read full original article on U.Today

Author

Denys Serhiichuk

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis.

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