Quote from: CryptoTrump on March 05, 2019, 08:27:35 PM

Within minutes, Litecoin (LTC), the fifth most valuable asset in the global crypto market, surged by 10 percent against the U.S. dollar.

The sudden short-term rally of Litecoin was followed by the recovery of Bitcoin from around $3,700 to $3,868.

Bitcoin is en route to breaching the $3,900 resistance level once again after defending the $3,700 mark with relative ease.

Whats Behind the Litecoin Rally and Can Bitcoin Sustain Momentum?

According to many traders, the recent price movement of Litecoin was more technical than fundamental.

For the first time since July, Litecoin broke out of a key resistance level above 0.01 BTC mark with a strong performance against both BTC and the USD.

$LTC runs in a new paradigm. pic.twitter.com/7BKtWurXjE

The Crypto Monk ⛩ (@TheCryptoMonk) March 5, 2019

Throughout the past 3 months, Litecoin has performed relatively well in comparison to most cryptocurrencies in the global market.

https://www.ccn.com/newsflash-litecoin-surges-10-within-minutes-whats-triggering-the-crypto-rally

I did not hear a fundamental reason behind this price increase. But I do not think that technical reasons can influence the price so much. It is just crypto's volatility as usual.