Bitcoin [BTC] continued to hold the title of the king of cryptocurrencies, with over 56 percent dominance in the entire market. According to CoinMarketCap, at press time, it was priced at $7,941.01 with a market cap of $140.81 billion. The 24-hour trading volume of Bitcoin was $33.39 billion, with a negative change of 1.04% over 24 hours.
BTC- 1 Day
The 1-day chart showed that there was an uptrend from $3816.18 to $8058.08. There was no major downtrend for Bitcoin. First support line stood at $4889.84 and the second support line stood at $3546.06. It got opposition from resistance line at $8220.35.
Bollinger Bands: Bands were diverging, indicating high volatility rate for Bitcoin.
Awesome Oscillator showed that the closing bar was green, signifying some bullish buying opportunity. Also, short-term momentum was greater than the long-term momentum.
Chaikin Money Flow showed the indicator’s line above the zero-line, demonstrating an influx of money into the market. It showed a bullish pattern for the chief crypto-asset.
LTC – 1 Day
Litecoin [LTC] gained momentum after continuously sluggish movement over the past few weeks. This was ignited by Bitcoin’s price rally. LTC stood strong at 7th position on CoinMarketCap. It was priced at $99.69, with a market cap of $5.81 billion and 24-hour trading volume of $6.68 billion.
The 1-day graph showed that LTC started gaining pace and moved past $90. Resistance line stood at $102.52 and the 1st support line stood at $60.58 and the second support line stood at $32.06. There was a sharp uptrend from $38.26 to $93.07 and a mediocre uptrend from $94.02 to $102.99.
The Bollinger Bands showed that the bands were diverging, indicating high volatility rate.