$6 Billion Crypto Surge Lifts Litecoin, Bitcoin Cash, Ethereum, XRP in New Sign of Altcoin Season
The overall crypto market cap surged more than $6 billion in a matter of hours to start the weekend.
Bitcoin is currently up 3.43% at $4,015, according to Coin360. Bitcoin Cash is the biggest gainer in the top 10, up 18.19% at 154.55. Litecoin is up 8.57% at $61.18, Ethereum is up 6.42% at $141.79, and XRP is up 2.87% at $0.3202.
A growing number of analysts say altcoin season may be upon us, with Google Trends pointing to a spike in interest for search topic “altcoins.”
On Google Trends, “Topics” differ from “Search Terms”, with the latter representing distinct searches and the former representing a related collection of search terms, with searches for Ethereum, Litecoin and XRP, for example, aggregated under the Topic of Altcoins.
The rising interest in alts has a number of analysts speculating that the market has reached a new altcoin season. But not everyone is on the same page. Crypto analyst DonAlt says he believes the market has yet to reach a real altcoin frenzy, cautioning that the current climate is really “flip season, not alt season.”
From going through the charts all these spikes up end at logical weekly resistance levels.
If you're buying check for high timeframe resistance and set your take profits there.
Get yourself filled 20% above market – be happy.
It's still flip season, not alt season.
— DonAlt (@CryptoDonAlt) March 14, 2019