Can Litecoin (LTC) rally to retake top 5 ranking from EOS?

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Can Litecoin (LTC) rally to retake top 5 ranking from EOS?

Post by GameOfCoins » Mon May 07, 2018 6:22 pm

Litecoin (LTC), like most other cryptocurrencies, has had a fair share of bad performances over the years. Yet, for many, the last few weeks left some kind of apprehension, wondering if the crypto had enough support to prevent an imminent drop out of the top ten rankings. That fear from the LTC community heightened when it was overtaken in quick succession in the space of two weeks.

First, it was EOS that blitzed past with a smoldering performance over the months of March and April. Then next in line to overtake LTC was Cardano. It happened after a rally of its own, supported by updates to its roadmap and ADA being added to Binance. There were also rumors of a possible Coinbase listing.

Nevertheless, Litecoin has mounted a rally of its own, quickly retaking 6th position from Cardano. The excellent performance has left LTC among the few cryptocurrencies in the top 10 still in the green over the last 7days. EOS, on the other hand, is trading at +2.68% higher today than yesterday, but its value is -5.76% over the last 7 days.

Although Litecoin is trading -3.88% lower over its value on May 6, 2018, the technical outlook suggests a major breakout above the $175 key resistance level could signal the beginning a rally. At the moment, LTC has a market cap of $9.3 billion while EOS has a market cap of $14 billion. Does LTC, therefore have enough support to push it towards retaking 5th in the market rankings? ... -from-eos/

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