Best Crypto to Buy Now April 26 – Litecoin, Neo, Ethereum Classic
With major cryptocurrencies trading with a bearish bias on Friday, investors are scouring altcoins markets for the best crypto to buy now for quick gains.
Bitcoin (BTC) was last trading with losses of around 1%, just below $64,000. Ether (ETH), meanwhile, is stuck in the mid-$3,100s.
Another US data release pointed to sticky inflation pressures in the country, emphasizing the Fed won’t be cutting rates soon.
Here is Powells favourite inflation gauge.
PCE Core Service Less Housing MoM up almost 0.6%
TOO much.. End of discussion pic.twitter.com/yEBlWeV1MA
— Andreas Steno Larsen (@AndreasSteno) February 24, 2023
Unsurprisingly, the US dollar and US government bond yields continue to trade close to multi-month highs versus most of its major counterparts.
The macro backdrop, thus, is still a headwind for crypto assets.
As ETF inflows turn to outflows, and post-Bitcoin halving optimism fades, BTC is at risk of falling below $60,000.
In such an environment, investors need to be highly selective when selecting which altcoin to buy.
Here are some strong performers on Friday that could be the best crypto to buy now.
Despite the market’s broader weakness, Litecoin (LTC) is attempting to break higher.
LTC was last trading in the $88s, above its 21DMA. If it can hold above its 21DMA, it would be one of the only major cryptos trading above this key short-term moving average.
At current levels, LTC is up more than 25% versus earlier monthly lows.
As per CoinMarketCap, its 5% gain in the past 24 hours makes it a top crypto gainer today.
Litecoin bulls will be hoping this latest push higher marks the start of a new challenge of the highs of its multi-year range.
Litecoin has been locked within a $60-$115 range since the start of 2023.
If it can break
Read more on cryptonews.com
