Bitcoin is trading above $8,500 on Thursday after retreating from highs above $8,700. The bullish action from $8,100 support ground to a halt around $8,712. As discussed in the technical analysis published earlier today, the price is consolidating within flag pattern whose breakout is expected to catapult BTC/USD above $9,000.
ETH leapfrogged above $196.00 during late Wednesday hours amid strong upside momentum on the cryptocurrency market. While the second-largest coin retreated towards $189.50 by the time of writing, it is still 5% higher from this time on Wednesday.
Litecoin has been moving in a narrow range, unable to realize the potential of a strong bull run on the cryptocurrency market, The 6th largest digital asset with the current market value of $3.7 billion has gained 1.2 on a day-on-day basis and lost 1% since the beginning of the day. At the time of writing, LTC/USD is changing hands at $58.41. Litecoin’s daily trading volume spiked to $2.7 billion.