How the Fab Five Fared
Since yesterday, the top five cryptocurrencies — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — have gone down -0.25% in aggregate. Leading the way was Bitcoin Cash, whose price is now around $291.31 USD, which yielded holders a return of 0.51% from the day prior. On the flip side, the worst performer was Bitcoin coming in at -0.97%; its price is now near $9221.61 USD. Two of the coins had up days, which is a mixed sign for the crypto sector.
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Price Patterns to Monitor
Yesterday was a fairly normal day for all of these cryptocurrencies, in the sense that they fluctuated within the normal daily range we have come to suspect them to move within. Traders may also wish to bear in mind the following events going on regarding current price patterns:
- If you are looking for coins in a clear uptrend, consider Litecoin, Bitcoin, and Bitcoin Cash. Those coins have been in a clear uptrend over the past 14 days.
- If coins without a clear trend are your thing, consider XRP and Ethereum. Those have not been in any clear trend over the past 14 days, and thus might be of interest to rangebound traders.
- Momentum traders will want to note that XRP and Ethereum are getting very close to their 20-day moving average. Many technical traders view the 20-day average as a wall of resistance that can slow a trend until it is cleared — at which point the trend may accelerate.
Insights From Transaction Data
Ripple recorded 1,499,736 transactions on its blockchain over the past 24 hours; that’s the best of the bunch,