Litecoin [LTC], which stood at 5th position until yesterday, slipped to the 6th position on CoinMarketCap after EOS overtook it. Litecoin’s ‘big brother,’ Bitcoin [BTC], continued to consolidate its position as it primed itself for breaching the $9000 mark.
1 Day BTC chart
BTC had a 24-hour trading volume of over $24 billion, with a market cap of around $151 billion, at press time.
Uptrend 1 was seen from $3345.02 to $3911.33, while the second uptrend extended from $4098.98 to $5130.91. Resistance was recorded at $8779.81, while the support was at $3156.54.
Bollinger Bands signified squeezing volatility, after a good phase of short-term momentum in the market.
Relative Strength Index was pictured above the fifty marker, indicating buying pressure in the market.
MACD pictured a bullish crossover in the BTC market. However, a bearish crossover was imminent.
1 Day LTC chart
Litecoin [LTC] had a market cap at $6.98 billion, with the 24-hour trading volume at $4.24 billion.
An uptrend was seen from $32.42 to $65.80, while resistance and support were seen at $116.96 and $22.45, respectively.
Parabolic SAR indicated a bullish market as the dotted markers were below the candlesticks.
Chaikin Money Flow was just above the zero line, signifying money inflow into the LTC market.
Awesome Oscillator highlighted a bullish buying opportunity in the market, at press time.
Despite Litecoin losing its perch to a surging EOS, both LTC and Bitcoin continued to ride the bull wave and post significant gains.
Subscribe to AMBCrypto’s Newsletter