- All the major coins rally anywhere between 15-30 pct in last two weeks.
- LTC above 200 DMA, EMA; ETH double from last year low.
In what seems to be a surprise move in the cryptocurrency world, almost all the major coins, led by Bitcoin, have rallied more than 20 percent from their 2018 lows – a pre-condition to technically call it a bull market.
Litecoin, is among the firsts to have crossed past its 200 days SMA and EMA – one of the key technical parameter to sustain bull market rallies and usually separates bull and bear markets. LTC has doubled from its December 2018 lows already. Although it is still more than 85 percent below its all time high of $375.
Similarly Bitcoin, the largest cryptocurrency is up about 30 percent from December lows, although paltry compared to LTC, but still good enough to label bull market in technical parlance. (read earliler article here)
XRP and ETH too have had their share of price rise from the trough. While ETH has almost doubled from its 2018 low of 80s, XRP has had a mixed time but has still managed to rally more than 30 percent from its 2018 low of $0.25. (Read ETH article here and XRP here)
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