Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Coins ride bull wave as collective market surges

2019-4-2 11:05

The latest market surge catapulted the collective cryptocurrency market cap beyond the $160 billion mark. The digital gold, Bitcoin [BTC], emerged as the winner while LTC’s price rallied significantly following mild bullish projections throughout the week. The virtual assets successfully broke resistance at multiple levels.

Bitcoin held a market cap of $80.67 billion and was priced at $4,578, at press time. BTC registered a 24-hour trading volume of $11.89 billion and rallied by 10.91% against the US dollar over the past 24 hours. Additionally, the crypto-asset witnessed a 15% spike in the past seven days.

Litecoin [LTC], registered a market cap of $4.04 billion and a 24-hour trading volume of $2.03 billion. The fourth largest coin was priced at $66.09 and exhibited a rise of 8.78% over the past 24 hours, while registering a 11.74% surge over the week.

1-day BTC chart

Source: TradingView

Bitcoin’s one-day chart exhibited a major downtrend from $6,521 to $4,026, with no uptrend in sight. The support for the crypto asset was found at $3,177 and $3,532, while the resistances stood at $5,551 and $6,359.

Parabolic SAR: The dotted markers were below the candlesticks, indicating a bullish price trend for the golden crypto.

Klinger Oscillator: The reading line was under the signal line and exhibited a bullish crossover.

MACD: The MACD line was also above the signal line, predicting a bullish pattern for the coin.

1-day LTC chart

Source: Trading View

On LTC’s one-day chart, an uptrend from $32.90 to $45.68 was seen, followed by a minor correction. An uptrend from $45.68 to $60.31 was also recorded. Downtrends from $89.09 to $53.92 and $55.86 to $33.97 were also pictured. The resistances for the digital asset stood at $74.79 and $84.40, while the support points were found at $48.32 and $29.88.

Bollinger Bands: The mouth of the bands depicted stagnant price movement for Litecoin as the bands moved parallely.

Awesome Oscillator: The closing bar of the indicator was green and forecast the coin’s foray into the bullish market.

Chaikin Money Flow: The CMF was well above the zero-line, suggesting that money was flowing into the coin market. Hence, a bullish trend was predicted for the silver crypto.

Conclusion

The daily chart for both Bitcoin and Litecoin projected strong bullish signals as the collective crypto market rode the bull wave to post gains.

The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Coins ride bull wave as collective market surges appeared first on AMBCrypto.

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market bitcoin collective btc price ltc billion

market bitcoin → Результатов: 126


Bitcoin, Cardano, XRP Among Biggest Winners as Market Rebounds – Next Big Players in the Market?

After a $20,000 loss in its price between February 21st and 28th, Bitcoin (BTC) managed to recover yesterday, soaring beyond the $94,000 mark. Led by Bitcoin’s example, numerous altcoins also The post Bitcoin, Cardano, XRP Among Biggest Winners as Market Rebounds – Next Big Players in the Market? appeared first on CryptoNinjas.

2025-3-3 19:23


Фото:

Margin Of Safety Indicates Bitcoin Undervaluation Below $90K Amid Prevailing Market Pessimism

Bitcoin showed unpredictable price action yesterday, plummeting to a low of $89,100 before staging a rapid recovery to reclaim the $96,000 mark. This sharp move is often seen as a liquidity sweep orchestrated by market makers to clear out leveraged positions, a tactic that fuels short-term volatility but strengthens the market’s long-term structure. Related Reading: […]

2025-1-15 11:30


BlockDAG Leads with $150M Presale as Crypto Market Tops $3.1T, Bitcoin ETFs and Ethereum Price Grow

The cryptocurrency market has soared, reaching a new pinnacle with a total market capitalization of $3. 13 trillion, establishing the sector as a formidable economic force. This surge reflects in the growing appeal of Bitcoin ETFs, which have seen unprecedented inflows, while Ethereum (ETH) sets its sights on managing $10 billion in assets.

2024-11-25 04:00


Bitcoin’s Big Week: Election, FOMC Meeting, And Strong Signs Of A Bull Market

As the market faces one of its most volatile weeks—amid the U.S. election and the Federal Open Market Committee (FOMC) meeting—Bitcoin appears primed for a lasting rally. Historically, major bull runs have followed post-election periods, and analysts are optimistic about Bitcoin’s potential, forecasting it could hit $100,000 by year’s end, […]

2024-11-5 08:22