Connect with us

Analysis

Bitcoin [BTC] v. Litecoin [LTC] Price Analysis: BTC steady as LTC exhibits both bearish, bullish signs

Yash Rajan

Published

on

Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Coins booming as market enjoys bullish ride
Source: Pixabay


Bitcoin [BTC], the world’s largest cryptocurrency, was priced at $7.834.55, at press time. The coin maintained a market dominance of 55.70%. BTC’s market cap was $139.01 billion, with a leap of 0.14% over 24 hours. BTC’s 24 hour trading volume was $19.92 billion.

Litecoin [LTC] creator, Charlie Lee, attracted attention of crypto fans around the globe, after he discussed the future plans of the digital asset. Litecoin was priced at $104.03, with a jump of 0.40% over 24 hours. LTC had a market cap of $6.46 billion, at press time.

1-Day BTC

The king coin recorded two noteworthy uptrends, from $4,036.45 to $8,161.04, and from $8,198.20 to $8,755.57. BTC faced resistance at $8,811.96, with support at $7,640.51.

Source: TradingView

Source: TradingView

Relative Strength Index revealed the king coin’s position at 50.39, suggesting that both buying and selling pressures were almost in equilibrium.

Chaikin Money Flow indicator line was positioned at 0.10, suggesting that the capital flowing into the market was greater than the capital flowing out of it.

Awesome Oscillator pointed towards falling market momentum in the BTC market

1-Day LTC

LTC saw three critical uptrends between $39.07 – $92.24, $91.84 – $101.43, and $103.03 – $116.22. The resistance for LTC was at $116.92, with the support at $101.26.

Source: TradingView

Source: TradingView

Bollinger Bands were diverging, suggesting increasing volatility in the market.

Parabolic SAR’s dotted markers were beneath the candlesticks, indicating a bullish pattern in the market.

MACD line crossed beneath the signal line, showcasing a bearish market for the silver coin.

Conclusion

The world’s largest cryptocurrency, BTC, remained mildly bullish, while Litecoin exhibited more mixed signals in the market.





Subscribe to AMBCrypto’s Newsletter


Ads

Advertisement
Advertisement
Advertisement
Advertisement
Advertisement