Altcoin Rally Leads Crypto Market as Bitcoin Pauses Momentum
The cryptocurrency market remains in a constructive short-term outlook despite Bitcoin's pause in momentum. The latest trading week has seen significant gains across most major digital assets, with altcoins leading the rally. Litecoin stands out as the strongest-performing cryptocurrency, gaining over 29% this week and nearly 64% over the last 10 weeks.
Bitcoin continues to trade above $80,000 but at a slower pace than in previous weeks. Its loss of momentum raises concerns that a more evident phase of indecision could emerge if it fails to sustain a stronger sense of market confidence. The correlation between major cryptocurrencies remains strong, with most assets moving in sync.
Technical indicators suggest potential short-term uptrend lines for both Bitcoin and Litecoin. However, the RSI's bearish divergence on Bitcoin may indicate buyer exhaustion and room for corrective pullbacks.