EOS, Litecoin Spike 13% in $5 Billion Crypto Boost; Can Bitcoin Surge?

pic.twitter.com/73Xj6LkzmS— Rptr45 (@Rptr45) March 4, 2019For the most part, throughout the past two years, the correlation of crypto assets was led by Bitcoin and the performance of many cryptocurrencies have been dependent on the short-term price movement of the asset.However, recent data shows that alternative cryptocurrencies have been fueling the short-term price movement of Bitcoin.As a cryptocurrency trader with an online alias “Satoshi, MBA” explained in an interview with CCN, Bitcoin was at risk of falling back to the mid-$3,000 region that may have opened up a possibility of dropping to a 12-month low.The strong performances of cryptocurrencies like Litecoin, EOS, Binance Coin, and many others lifted the overall sentiment of the cryptocurrency market and allowed BTC to recover in a short period of time.7-Day Price Chart of Litecoin (Source: Coinmarketcap.com)“Most coins have very bullish set ups right now, virtually all of them sitting on annual support.