The cryptocurrency market had been welcomed by the bull on April 18, however, the bear was not far behind. April 19 saw the cryptocurrencies fall prey to the raging bear, including most major cryptocurrencies like Bitcoin [BTC] and Litecoin [LTC].

Bitcoin [BTC]

Bitcoin managed to fight the bear and register a growth of 4.49% over the past week. The world’s largest cryptocurrency dipped by a mere 0.48% over the past day, however, picked itself up as it reported a 0.07% growth in the past hour. The coin was valued at $5,262.11, at press time, with a market cap of $92.93 billion. The 24-hour trading volume of the coin was registered to be $12.87 billion.

Source: Trading view

The long-term chart of BTC marks a downtrend from $6,466.03 to $3,195.71, followed by the recent price pump from $4,075.33 to $5,318.58. The coin failed to mark a long-term resistance due to the rise in prices but marked immediate resistance at $5,322.02 and support at $3,692.02.

Bollinger Bands appeared to have diverged, increasing market volatility. The moving average line aligned under the candlestick, marking a bullish trend.

Awesome Oscillator indicated a strong bearish momentum taking over.

Chaikin Money Flow indicated a bullish market as the marker aligned above the zero mark.

Litecoin [LTC]

At press time, LTC had registered a 4.52% gain over the past seven days. In the past day, it noted a 0.95% growth and was valued at $81.80 in the market. The market cap was noted to be $5.02 billion and 24-hour trading volume was reported to be $2.48 billion.

Source: Trading view

The long-term chart of LTC marked a downtrend from $51.269 to $23.289, followed by a gradual rise in its price from $35.126 and $92.946. Resistance was marked at $92.957 and support at $59.439.

Parabolic SAR marked a bearish trend as the markers aligned under the candlesticks.

MACD line was under the signal line marking a bearish trend for the coin.

Relative Strength Index indicated that the buying and the selling pressures had evened each other.

Conclusion  

According to the indicators, a bullish trend is predicted for Bitcoin [BTC], however, the bear has taken over Litecoin [LTC]’s market.

The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC relishes bull’s company, while bear takes over LTC’s market appeared first on AMBCrypto.

205 +