2019-4-23 08:48 |
Top coins in the cryptocurrency market hit a minor bull run in the early hours of April 23. At press time, the largest cryptocurrency on CoinMarketCap, BTC, held a market cap of $95.33 billion and was priced at $5,465. The coin registered a 24-hour trading volume of $14.74 billion and appreciated by 3.11% over the past 24 hours.
Litecoin [LTC], held a market cap of $4.73 billion and a 24-hour trading volume of $77.03 billion. The crypto-asset was valued at $77.03 after a minor surge of 1.16% over the past 24 hours.
1-day BTC chart
Source: TradingView
The candlestick arrangement on BTC’s one-day chart exhibited a downtrend from $6,451 to $5,309, along with two uptrends from $4,201 to $5,043 and $5,043 to $5,321. The supports for the crypto-asset were firm at $4,036, $3,789 and $3,469, while the immediate resistances were at $5,654 and $6,467.
Parabolic SAR: The dotted markers were below the candles, indicating a bullish phase for the crypto-asset.
MACD: The MACD line was below the signal line, exhibiting a bearish pattern for gold coin’s valuation.
Klinger Oscillator: The reading line was above the signal line and projected a bullish trend for BTC’s price.
1-day LTC chart
Source: TradingView
The one-day LTC chart projected two uptrends from $32.90 to $45.68 and from $45.68 to $60.31, followed by a minor correction. Another uptrend from $61.17 to $77.32 was also registered. Two minor downtrends from $56.52 to $34.73 and $92.81 to $82.92 were also observed.
The resistance point continued to be the much anticipated $90-mark, even as LTC failed to tread beyond $80. The support for the coin stood firm at $50.58, $44.54 and $31.43.
Bollinger Bands: The parallel bands implied a stagnant phase for the silver coin’s price.
Awesome Oscillator: The closing bars of the indicator were red and predicted continuing bearish pattern for the coin.
Chaikin Money Flow: The CMF was also below the zero-line, indicating that money was flowing out of the coin market. Hence, a bearish price trend for LTC was predicted.
Conclusion
While the bull returned for both coins, Litecoin [LTC] held to stagnant market trading within the tight range of $70-$80, while BTC exhibited fairly positive bullish signals.
The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC’s bull pushes price further while LTC exhibits stagnancy appeared first on AMBCrypto.
Similar to Notcoin - Blum - Airdrops In 2024
Bitcoin (BTC) на Currencies.ru
|
