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Litecoin Led Bitcoin’s Price Rally, Now It’s Hinting at a Pullback


Bitcoin (BTC) could be in for a sudden price pullback, as litecoin (LTC), which doubled in value in the first quarter and led the crypto markets higher, is now showing signs of weakness.

BTC, the leading cryptocurrency by market capitalization, hit a five-month high of $5,627 yesterday and is currently trading at $5,450 on Bitstamp, representing a 1 percent drop on a 24-hour basis. That figure, however, is still up 10 percent from the low of $4,940 registered on April 15.

Read More at CoinDesk

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