- Although all three cryptocurrencies shed prices, XRP and LTC’s breakthrough might depend on BTC.
- The volume and sentiment around the asset followed the same direction.
Bitcoin [BTC] needs to break through $26,800 to continue its recent uptick, Michaël van de Poppe tweeted on 9 June. According to Poppe, if the pioneer cryptocurrency flips the said price point to $27, 500, other interconnected assets like Litecoin [LTC] and Ripple [XRP] can also break out.
Realistic or not, here’s LTC’s market cap in BTC’s terms
If Bitcoin surpasses the resistance…
From the chart shared by the MN Trading CEO, BTC faced a crucial resistance at $27,446 on 9 June. But unfortunately, the king coin lost hold of $26,000, exchanging hands at $25,698 at press time.
The lower timeframe picture for $BTC is quite simple.
We need to break through $26,800 in order to have a continuation going here.
That means, if we break and flip that level, $27,500 is on the cards, but most likely $28,000 & breakouts on $XRP and $LTC.
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Author: Victor OlanrewajuDid you like this?
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