Earlier today, Live Bitcoin News put out an article saying that Litecoin has been this year’s top-performing cryptocurrency. With over 300 percent in gains since the start of 2019, Litecoin is indeed carving out a new name for itself in the crypto space, but that doesn’t mean we should take anything away from Bitcoin, the granddaddy of them all.
Bitcoin Is Still King in Many Ways
At press time, the currency is trading for over $8,800. It is once again well within reach of $9,000, which many analysts predict is likely to come soon. Recently, the asset did strike the $9,000 chord, only to see its price sink immediately after likely due to a massive selloff that occurred, though the fact that it could reach such a position is a positive step in the right direction.
Senior analyst at cryptocurrency exchange e-Toro commented that with Litecoin’s sudden rally, expecting a bitcoin rally for this week wouldn’t be out of the question, and thus far, he seems to be right. Just last week, the currency was trading in the $7,000 range, meaning bitcoin has added well over $1,000 to its price in a very short period.