RATE Group | This Surprising Cryptocurrency Could Spark the Next Market Wide Rally
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This Surprising Cryptocurrency Could Spark the Next Market Wide Rally

18 Dec This Surprising Cryptocurrency Could Spark the Next Market Wide Rally

Posted at 23:18h in Cryptocurrency News by

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The cryptocurrency markets have been caught in the throes of immense volatility over the past few days, with Bitcoin plummeting to lows of $6,400 earlier this morning before posting a strong rally back up towards $7,000.

With the exception of Bitcoin’s recovery today, this volatile price action has primarily favored sellers. The ongoing downtrend may be on the verge of reversing, however, and analysts are noting that Litecoin could be the unlikely suspect that sparks the next market-wide uptrend.

Cryptocurrency Markets Face Heightened Volatility 

Bitcoin has been leading the aggregated crypto markets to face heightened volatility as of late, with its recent dip below the $7,000 support level leading it to drop to lows of $6,400, before finding a significant amount of support.

The bounce that occurred at $6,400 signaled that the cryptocurrency’s bulls still have strength and that this price may ultimately mark a mid-term bottom for BTC.

Bitcoin has held significant sway over most…

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