Litecoin sustains the uptrend within an ascending parallel channel, rising to $170 for the first time since June.
Ripple finds refuge above $0.8 but loses the momentum to carry one with the breakout to $1.
The bulls across the market have put their feet down for the last couple of weeks. The previous week was primarily dominate by bulls, whereby Bitcoin closed the gap to $45,000. BTC also brushed shoulders with $46,000 before stalling to allow bulls to gather the strength for the remaining breakout beyond $50,000.
Litecoin:
Like many crypto assets in the market, Litecoin reacted bullishly with the uptick in Bitcoin price. The selloff in July had seen LTC trim gains to $100. However, as bulls regained control across the board, a renewed uptrend came into the picture, bolstering Litecoin toward $200.
An ascending parallel channel seems to be mitigating both the bulls’ and bears’ actions. For instance, despite the majestic liftoff from $100 to $170, the channel’s upper boundary st
Źródło: https://coingape.com/litecoin-ripple-price-analysis-august-10-2021/
