How Did the Fab Five Finish?
In aggregate since yesterday, the “fab five” — Litecoin, Bitcoin, Bitcoin Cash, Ethereum, and Ripple — were down -0.43%. Leading the way was Litecoin, whose price is now around $96.91 USD, which yielded holders a return of 4.52% from the day prior. In terms of the worst performer, that would be Ethereum, which reported a day-over-day return of -2.33% — a move that puts its price around $213.60 USD. Out of the five coins observed here, one cryptocurrency was up — which indicates the almost the entirety of the sector as a whole moved down as a whole.
Crypto brokers to trade the currencies mentioned here: Coindirect
Key Technical Moves
Litecoin had an especially unusual move, in the sense that the move was much larger than its normal daily trading range. What caused this move might be worthy of further investigation. Traders may also wish to bear in mind the following events going on regarding current price patterns:
- XRP, Litecoin and Bitcoin Cash don’t have a clear trend at this time, at least on a two-week timeframe.
- If coins in a clear downtrend are your thing, consider Bitcoin and Ethereum. Those have been in a clear downtrend over the past 14 days, and thus might be of interest to trend followers comfortable with short selling.
What Does Transaction Data Tell Us?
Ripple had more transactions recorded on its chain yesterday than any other coin; to be precise, it had about 64% more transactions recorded than Ethereum, which was the runner up for the day in terms of transactions recorded. Ripple’s transaction fee was also less than Ethereum’s,