Bitcoin and Litecoin are 2019s Greatest Performing Cryptocurrencies.

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2019 has been a rollercoaster of a yr that has seen huge beneficial properties and equally huge losses throughout the crypto house. Though Bitcoin and Litecoin are down round 50% from their yearly highs, they continue to be this years finest performing belongings, far out pacing conventional markets together with the S&P500 which has posted+17.23% yr thus far (YTD).

In line with knowledge from Tradingview and Barchart.com Bitcoin has risen +123% YTD, and was up +288% at its peak in June of this yr when it reached $13,880. In the meantime Litecoin is up +93% YTD and reached +368% at its peak of $145.63. At the moment standing, this makes Litecoin and Bitcoin the first and 2nd finest performaing crypto currencies of 2019 far forward of the pack.

Third, forth and fifth respectively go to BCH +54.85%, Ethereum 37.42% and Monero with +22.11. On the opposite finish of the dimensions the worst giant market cap performers embody Bitcoin Gold -37.13%, Zcash -33.84%, Ripple -22.76 and Sprint -8.84%.

Bitcoin and Litecoin, as two of the earliest and longest standing cryptocurrencies have traditionally tended to observe each other when it comes to worth motion so this will likely not come as a shock to some. Usually Litecoin has all the time been the extra unstable of the 2 typically outpacing Bitcoin to the upside and transferring decrease to the draw back. The very fact these two proceed to stay intently correlated on this vogue, towards the remainder of the crypto market, is testomony to the markets perception in these belongings.

When Litecoin had its halving this yr, it lead the crypto market. With the upcoming bitcoin halving anticipated in Might of 2020 many consider it is going to, because it has accomplished so prior to now, take the lead with Litecoin following. What is much much less sure is whether or not any others will observe them. The current bear market and preliminary restoration has been indicator of what the market values and within the phrases of Warren Buffett:

“Solely when the tide goes out do you uncover who’s been swimming bare.”

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