Litecoin is reporting gains on Wednesday, following news that its foundation has acquired a stake in a German bank.
Litecoin's close this week will likely set the tone for the next major move in prices, the technical studies indicate.
Having bounced back over the weekend, bitcoin needs to clear the falling channel resistance before claiming a short-term bullish reversal.
XRP and other well-known crypto assets are sitting on dangerous grounds as they print new price lows not seen since 2017.
Bitcoin could drop to fresh 2018 lows below $5,755, having closed below the key support of $6,000 yesterday.
Line, the company behind a popular chat app in Japan, announced Thursday that it will open a cryptocurrency exchange in July.
Bitcoin's technical charts continue to call a drop below $6,000, yet investor activity indicates a corrective rally could be on the cards.
Bitcoin's percentage of the crypto market is up – a sign that investors are likely switching their money from alternative cryptocurrencies.
After yesterday's drop, bitcoin could fall below the $6,000 mark, but will likely fare better other cryptocurrencies.
Currently trading sideways, bitcoin still looks set for a corrective rally as long as prices remain above $6,000.