Altcoins are rallying once again with Litecoin leading the charge

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The cryptocurrency markets have begun to rally once again with Litecoin (LTC) leading the charge for the top 10 cryptocurrencies, as per data from CoinMarketCap.

After enduring a week of losses, bitcoin jumped by $1,000 within an astonishing thirty minutes yesterday, prompting gains from the altcoin market. However, Litecoin was the clear winner, rising by a whopping 13%.

At the time of writing, Litecoin is trading at $98.98, however, at one stage the altcoin spiked to as much as $100 per token.

Altcoin markets in the green

It seems that the broader crypto markets are all in the green for now, which is a breath of fresh air considering a week of red. Bitcoin once again rallied and defended a critical area above $9,000.

Following the OG cryptocurrency’s moves, altcoins such as EOS, Binance Coin (BNB), Ethereum (ETH), and Bitcoin SV (BSV) have all seen gains between 7 and 12%.

Litecoin takes the prize for top-performing altcoin, leading the pack by an extra 1% in 24-hour gains.

The leading cryptocurrency, bitcoin (BTC) has surged by over 8% in the past 24 hours. After slumping below the $10,000 area yesterday, bitcoin has seen an impressive rally back to trading at $10,400 at the time of writing.

Ethereum has also recovered from several days of lows, managing to climb back to $220 in the past 24 hours.

Notably, Stellar has pushed TRON (TRX) out the top 10 cryptocurrencies as it managed to rally by 7% to exchange hands at $0.088531 at the time of writing.

Bitcoin SV is also up by nearly 7% and exchanging hands at $138 at the time of writing. The altcoin’s rally could be attributed to the recent news that it is now available in Brazil.

In a nutshell, the top twenty cryptocurrencies are all in the green, save for UNUS SED LEO which has seen a 2.8% dip in the past 24 hours to trade at $1.31.