Altcoins News

Story: The Mindset of the People Matters – Bitcoin Rises and Everything Rises

By Steven Anderson

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The Litecoin Foundation promotes LTC in many ways.  They have recently sponsored a K-pop festival where fans were allowed to purchase "Ultra-VIP" tickets.

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The year 2019 has been perfect for LTC holders.  The next halving for this token is expected to take place in August.

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Attempts are being made to incorporate MimbleWimble blockchain protocol into Litecoin.  This attempt is being explored by the partnership between Litecoin Foundation and Beam.

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For the third day in a row, the top ten coins continue to be in the green.  During the Asian trading session, the Altcoins continued to gain.

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Ethereum is seen to sustain its stand at $140; however, it did not make any further gains. The price of ETH is up by a couple of percentages.

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Bitcoin touched upon an intraday high at $3.940.  This range was not sustained.  While BTC fell back a little, the Bitcoin has more than a percent, but the volume waned…

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It is now well established that Bitcoin drives almost everything in the market.  The prices of the Altcoins will be heavily correlated to the cost of Bitcoin.

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Competitive and experienced traders have to agree to the fact that the “correlation between Bitcoin (BTC) and Altcoin/BTC price is high.”

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It has been a repeated trend that if Bitcoin is rising, then all other Altcoins are also increasing.

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The Asian markets are being pressurized by the talks about trade between the US and China. Most of the South Asian markets have cracked.

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It is the mindset of the people that matter.  Those who are looking at short term gains are not able to take to current trends; however, those with a focus on the long term…

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