The total value of the market is stuck around $270 billion as the segment failed to retain bullish momentum despite the spikes higher in the past week.
While most of the top coins are trading clearly above the June lows, given the dubious long-term outlook, bulls can’t really enjoy the summer lull.
BTC/USD, 4-Hour Chart Analysis
Although Bitcoin drifted over the previously dominant declining trendline, the coin still failed to show meaningful bullish momentum, while also failing to top the $6750 level.
Litecoin is among the weakest coins from a long-term perspective, trading well below the key $100 level,  very close to its June low.
He holds investment positions in the coins, but doesn’t engage in short-term or day-trading, nor does he hold short positions on any of the coins.

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