Crypto-Market Top Weekly Performers: Bitcoin Cash, Bitcoin SV, Litecoin, Tron, Stellar
Crypto-Market Top Weekly Performers: Bitcoin Cash, Bitcoin SV, Litecoin, Tron, StellarImage Source: Shutterstock
The past week was one of the longest weeks for the crypto-traders and the community at large. The bears began the week strongly as Bitcoin seemed to break below $9000. The two consecutive days for Libra was no less than a roller coaster ride.
On the first day, the price dropped as the senate expressed disregard for Libra. Nevertheless, the second days 7-hour meeting with Libra Head and experts in the field turned out positive for traders. Not only the US but China and India too clarified their positions on cryptocurrency which was not entirely prohibitory in nature.
Moreover, the altcoins have also started to gain momentum as they broke above critical support levels. The total dominance of Bitcoin also dropped slightly over the week.
Litecoin [LTC] has been one of the best performing cryptocurrencies of 2019. Litecoin Foundation led by Charlie Lee has worked hard at building adoption and brand image of the cryptocurrency. Currently, it is facing resistance near $100. Recently, it signed as the official cryptocurrency for a major sports team.
Litecoin follows a similar protocol to Bitcoin and its halving date is due next month. This has had a significant effect on the market, however, history hasnt fared well with FOMO buying during these times.
LTC/USD 1-Day Chart on Bitstamp (TradingView)
Opening Price: $89.5
Closing Price: $98.5
Weekly Loss: 10.05%
Weekly High/Low: $106.05/$76.86
Bitcoin Cash [BCH]
Bitcoin Cash [BCH] and Litecoin [LTC] share the same utility at the moment, i.e. a payment mechanism. Moreover, as Bitcoin Cash [BCH] is a fork of Bitcoin it is likely that it is widely distributed as Litecoin as well. Currently, it has a total market capitalization of $5.7 billion and is positioned at 5th.
At the beginning of last week, it touched lows near $250 but has managed to bounce back above it. It is currently testing resistance around $320.
BCH/USD 1-Day chart on Bitstamp (
Opening Price: $285
Closing Price: $325
Weekly Loss: 10.5%
Weekly High/Low: $251/$344
Bitcoin SV [BSV]
Bitcoin SV was one of the most controversial cryptocurrencies of this year. Its lead proponent Craig Wright has been a notable figure in the crypto-community. The Australian programmer and experts claim over the identity of Satoshi Nakamoto, the creator of Bitcoin has always created sudden changes in the market of BSV.
This week as the bearish momentum seemed to take control it tested support near $ ...