All eyes have been on Bitcoin since its peak on Thursday. Many have been expecting a wider correction which so far has failed to materialize. As BTC consolidates today, some of its siblings have started taking off and Litecoin is leading the pack during weekend trading.





Litecoin Surges 15% on Sunday





Weekend trading has been pretty weak for most of the altcoins. Very few of them have made more than a couple of percent back from their double digit dumps on Friday. When the Bitcoin flash crash shaved $55 billion off crypto markets, Litecoin dumped back to $110. The correction resulted in a 24 percent slide from its recent high of $145.





Bitcoin’s correction was a similar 25 percent from $13,800 to a low of $10,300 before it started to recover again. At the moment BTC is back over $12,000 but Litecoin has pumped today reaching $135 again before starting to consolidate.





Daily volume for LTC has cranked up to $5.7 billion which has pushed market capitalization back above $8 billion allowing it to regain fourth spot from Bitcoin Cash which has not moved much in comparison. Litecoin has now recovered almost all losses from the recent mini-pullback. On the year LTC has made an epic 333 percent gain, outperforming even Bitcoin.

Read More at NewsBTC...

#LTC #Trading #TA #Bullish