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Bitcoin and Ethereum Show New Momentum After 20% Gain, Is a New Rally in the Works?

Published 04/09/2019, 01:06 PM
Updated 04/09/2019, 01:43 PM
Bitcoin and Ethereum Show New Momentum After 20% Gain, Is a New Rally in the Works?
BTC/USD
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ETH/USD
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LTC/USD
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Year-to-date, the price of Bitcoin (BTC) is up 40% against the United States dollar, and other major cryptocurrencies such as Ethereum and Litecoin have also demonstrated strong gains in the past four months.

Litecoin, for instance, recorded a staggering 208% increase in value since January — outperforming most crypto assets apart from a handful, including Binance Coin and Enjin Coin.

  • Absorption of an $80 million sell wall at a key resistance in $4,200.
  • The liquidation of short contracts worth $500 million.
  • Lack of resistance above $4,200.
  • The reported purchase by one buyer of $100 million worth of Bitcoin
    • Continue Reading on Coin Telegraph

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