Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Coins consolidate as bulls remain in control

2019-4-10 15:30

Last week’s massive price hike propelled Bitcoin’s [BTC] valuation over $5000. Bitcoin’s silver counterpart, Litecoin [LTC], also experienced a fruitful week after the coin pumped to $93.04 from $62.13, within a few days.

At press time, Bitcoin [BTC] was priced at $5,238.79 and exhibited a minor growth of 0.32% against the US Dollar. The trade volume garnered was about 15 billion over the last 24 hours.

Litecoin [LTC] performed better, with a growth of 1.97% against the US Dollar. It recorded a market capitalization of about $2.6 billion, and was priced at $88.36, at press time.

Bitcoin 1-day chart

Source: Trading View

The 1-day chart for Bitcoin was exhibiting sideways movement until the price hike. The uptrend for the coin extended its valuation from $3932.80 to $5232.10. The support line was at $3438.4, while the new resistance line was placed at $5308.10 after the bull run.

The Parabolic SAR indicated a bullish trend for the coin as the dotted markers were seen under the candlesticks.

The Fisher Transform and the red line were coming into contact on the chart, suggesting the possibility of an emerging bearish trend.

The Awesome Oscillator’s latter bars were green, indicating a bullish phase for the coin.

Litecoin 1 day chart

Source: Trading View

Litecoin’s [LTC] 1-day chart witnessed sustained growth over the period as the coin witnessed an uptrend which stretched the valuation from $58.81 to $92.35. The new resistance line following the price hike was at $93.61, while the long term resistance at $100 held firm. The support line was at $30.980.

The Bollinger Bands indicated a volatile price period for the coin as the bands were diverging on the chart.

The MACD line remained above the red line, indicating a continued bullish trend for the coin.

The Relative Strength Index indicated that the selling pressure was gradually eclipsing the buying pressure in the market.

Conclusion

Coin prices consolidated after the recent hike broke old resistances. The coins continued to exhibit minor growth, but nothing significant indicated another bullish run.

The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Coins consolidate as bulls remain in control appeared first on AMBCrypto.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 95302.22 (-0.46%)
Объем 24H $69.255b
Изменеия 24h: -0.76 %, 7d: 1.78 %
Cегодня L: $93967.9 - H: $96238.42
Капитализация $1886.085b Rank 1
Цена в час новости $ 5272.66 (1707.48%)

bitcoin btc price litecoin ltc week control

Источник: ambcrypto.com

bitcoin btc → Результатов: 126


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

XRP market watch - Can network activity help altcoin after 9% drop?

XRP registered a double-digit decline in the last 48 hours Many addresses have become more active recently XRP has been at the end of significant price movements over the last few days, hittThe post XRP market watch - Can network activity help altcoin after 9% drop? appeared first on AMBCrypto.

Picasso’s Granddaughter: Our Family Will Continue Producing NFTs

Marina Picasso – granddaughter of the renowned painter and sculptor Pablo Picasso – said she and her son Florian will continue launching NFT collections depicting the artist’s work. The digital collectibles caused disputes among the family as some members did not agree with the initiative.

Golden Globe-Winner John Legend to Introduce NFT Platform for Musicians

The renowned singer, songwriter, and producer – John Legend – launched a non-fungible token (NFT) platform for musicians and entertainers. His partners in the initiative are Chris Lin – the man in charge of the digital music service KKBOX, Kevin Lin – Co-Founder of Twitch, and Matt Cheng – Founder of Cherubic Ventures.

GameStop to Launch a Blockchain-based NFT Marketplace

The American video game retailer – GameStop Corp. – partnered with Immutable X Pty Limited (a scaling solution for non-fungible tokens) to establish an NFT marketplace. As part of the deal, both parties created a $100 million fund.

Bitcoin Cash hard fork BCHA faces 51% attack

The recently forked BCHA chain is currently under attack by an anonymous miner that is attempting to force whatever is left of the chain into non-existence. The anonymous miner, known as voluntarisThe post Bitcoin Cash hard fork BCHA faces 51% attack appeared first on AMBCrypto.

Data clarifies why 2020 is a defining year for Bitcoin

The entire asset class is tied together. Whenever Bitcoin rises there is a certain inevitability of other altcoins rising along with it. It happened in 2017 and now it is happening in 2020. Over thThe post Data clarifies why 2020 is a defining year for Bitcoin appeared first on AMBCrypto.