The emergence and growth of the popularity of the alternative currency Bitcoin has led to the creation of many other cryptocurrencies based on Bitcoin Blockchain code. All these cryptocurrency have the generic name - Altcoins.
In its current upward movement, Ripple has been consolidating between $0.195 and $0.205 after the bull failed to break the $0.21 resistance. Before now, buyers were able to push XRP to $0.21 high because the coin rebounded and rallied to $0.21 high on July 8.
After the incursion into the $248 and $245 highs, Ethereum bulls failed to push ETH above the $253 overhead resistance. Yesterday, the price dropped to $238 low after buyers failed to breach the $245 resistance.
Since it attained a peak price of $50, Litecoin has been on a downward move. In June, LTC encountered a breakdown which made it drop to $42 low. Price corrected upward but was resisted at the $45 high.