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Litecoin surges by 4% in two hours, ZEC and OMG follow suit

Namrata Shukla

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Source: Pixabay

The price of Bitcoin has been surging at the time of the press and has been marching along with the alts. Bitcoin’s price was up by 4.23% in 3 hours and the alts also indicated a rising price.

Litecoin [LTC]

Source: LTC/USD on Trading View

Source: LTC/USD on Trading View

Litecoin ranked seventh on CoinMarketCap, with a market cap of $2.69 billion. The coin has been surging by 3.99% in 2 hours, where the price of LTC jumped from $40.62 to $42.24. However, at press time, the value had reduced to $42.11. The coin had breached its immediate resistance at $41.71

According to Awesome Oscillator, even though the trend was bullish, it was a weaker one, as the momentum had reduced.

Zcash [ZEC]

Source: ZEC/USD on Trading View

The 26th coin on the CoinMarketCap was also noting almost a 10% spark in its value. The sudden boost helped the coin push past the immediate resistance at $34.86 and was valued at $35.74. The price of the coin could be expected to rise and it was affirmed by the Chaikin Money Flow indicator that pointed above the zero mark.

OmiseGo [OMG]

Source: OMG/USD on Trading View

The OMG has been ranked the lowest among the above-mentioned list of alts. The coin had a market cap of $78.29 million. The coin lost all its gains in the drastic fall in March and has been noting a fall of 9.66%. The immediate resistance of the coin was marked at $0.5814 and support at $0.4170.

According to Bollinger Bands, the volatility had reduced in the OMG market, whereas, the moving average had slid under the candlesticks, indicating bullish momentum.

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Namrata is a full-time journalist at AMBCrypto covering the US and Indian market. A graduate in Mass communication, while majoring in Journalism, she writes mainly about regulations and its impact with a focus on technological advancements in the crypto space.

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