Litecoin (LTC) and Binance Coin (BNB) Trading Up Despite the Bears

Litecoin (LTC) and Binance Coin (BNB) seem to be one of the
rare cryptocurrencies on the list of top 20 trading cryptos that are actually
defying the bears in the last 24 hours concluded with the 2nd day of
March.

We are slowly but steadily approaching the end of the first
quarter of 2019, during which the top cryptos have shown signs of improvements in
form of partially redeeming value,
however, the bears are still actively cutting the prices in the cryptocurrency
market.

This case makes it difficult for the cryptos to take a full
rebound, considering that crypto winter is not over yet.

Nevertheless, Litecoin and Binance Coin are seen up by over 3%
in the last 24 hours, with BNB having over 7% of gains over the course of the
last seven days.

Binance
Coin Top Trader of the Week, Litecoin Bullish with the Latest Adoption
Announcement

Several days ago, Charlie Lee, the founder of Litecoin (LTC)
announced that the foundation behind the 5th largest crypto became
partners with C&U Entertainment to back the arrival of K-pop stars to the United
States, through an upcoming event called “Feel the K-pop”, which will at the
same time be the 1st music festival of this kind in the US.

It appears that Litecoin is using the perks of supporting a rising and popular pop genre coming to the US now, as LTC payments will be soon enabled for purchasing of VIP tickets for the festival.

Litecoin (LTC) Weekly Chart – Coinlib

In the meanwhile, Changpeng Zhao, known as CZ on Twitter, the
founder and CEO of Binance exchange decided to promote the announcement that
came from Litecoin, commenting that “adoption of one coin is good for the rest of
us too”.

While some suggest that the latest progress of LTC despite the
bear trends might be a sign of upcoming bulls, having Litecoin up by 3.18% in
the last 24 hours, others imply that the recent surge of LTC might be driven by
the latest partnership announcement.

BNB is also rising by 3.56% in the course of the last day on
March 2nd, additionally showing 7.10% of gains in the course of the
last seven days, which also makes Binance’s crypto a top trading coin of the
week on the list of 20 top trading cryptos.

As Binance’s Changpeng Zhao is also selflessly promoting the latest partnership between C&U Entertainment and Litecoin foundation, the success of BNB in the market for the last seven days might be related to increased interest in using Binance platform for trading cryptocurrencies.

Binance Coin (BNB) Weekly Chart – Coinlib

Binance is already holding the highest number in trading
volumes according to CoinMarketCap, scoring around 3,4 million dollars in the
last seven days.

However, OKEx exchange is still holding the first place on the
list of top exchanges, while Binance is currently occupying the 2nd spot
according to CoinMarketCap.

Litecoin is down by nearly -2% in the last seven days, however, the crypto managed to bounce back up by over 62% in the last two months in addition to scoring 52.8% of gains during February 2019.

Image Credit: AffiliateDork

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