The world’s number one cryptocurrency continues to see strong buys, and the bears are now slowly drowning in a steady climb upwards. Both Litecoin and Bitcoin Cash are taking a leading position in the Top 20.
Bitcoin increased its price with about 10% today from around $5,300 to $5,800.
Currently the leading cryptocurrency is trading at around $5,776, showing a 5% gain on the day, with a total market cap that is sitting well over $102 billion.
Bitcoin Schmitcoin, an aerospace engineer turned crypto-market analyst, stated that according to his price analysis, Bitcoin is ready to test the $6,000 Level and that now every short is underwater.
Now EVERY short is underwater — all deep-like. And BFX is making whats called a “tilted flag” with a stupid high price target. Furthermore, almost every single short on BitMEX is underwater. Yipee!
Knees weak, arms heavy. pic.twitter.com/pnOqxDacsy
— Bitcoin_Schmitcoin (@BTC_Schmitcoin) May 3, 2019
Litecoin, in the meanwhile, is continuing to be one of the best performing altcoins of 2019, with a 8% gain on the day, and is currently trading close to the $80 price mark.
LTC/USD chart provided by Tradingview
Litecoin’s halvening is scheduled to take place in less than three months, which more than likely had its impact on the coin’s phenomenal performance. Chepicap previously reported that Billy Bambroug, a Forbes contributor, said that he believes that the 5th largest cryptocurrency, Litecoin, might jump XRP (and currently BCH) and take 3rd place before the end of 2019.
— CryptoCheatSheet (@CheatCrypto) May 3, 2019
Bitcoin Cash is as well continuing its upward streak, and is showing an impressive gain of 8.49% on the day, and is trading at around $292 per coin.
Among the top 20 cryptocurrencies, other big gainers of the day are Ethereum (4.31%), EOS (6.88%), Monero (5.54%), Ontology (4.10%), and Cosmos with another impressive gain on the day of 11.89%.
The total market cap of all cryptocurrencies currently is sitting at $185,444,606,382, which is almost $8 billion more then when the day started.
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