A lot of unexpected bullish momentum is currently keeping the cryptocurrency markets in a tight grip. Bitcoin has seemingly shifted into a higher gear and the rest of the markets do their best to catch up. The Litecoin price is one of the strongest risers in the altcoin segment, as its value will seemingly hit $70 without too many problems. That is, assuming Bitcoin doesn’t fall apart in the hours to come.
When Bitcoin started pumping out of the blue, it quickly became apparent there would be some interesting market momentum for alternative markets as well. It now seems that is effectively what traders have gotten, although a lot of markets are still under bearish pressure. Litecoin is a notable exception in this regard, as it has effectively gained value without too many problems. The one downside is how LTC/BTC isn’t looking too healthy, but that is to be expected.