Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC’s bull pushes price further while LTC exhibits stagnancy

2019-4-23 08:48

Top coins in the cryptocurrency market hit a minor bull run in the early hours of April 23. At press time, the largest cryptocurrency on CoinMarketCap, BTC, held a market cap of $95.33 billion and was priced at $5,465. The coin registered a 24-hour trading volume of $14.74 billion and appreciated by 3.11% over the past 24 hours.

Litecoin [LTC], held a market cap of $4.73 billion and a 24-hour trading volume of $77.03 billion. The crypto-asset was valued at $77.03 after a minor surge of 1.16% over the past 24 hours.

1-day BTC chart

Source: TradingView

The candlestick arrangement on BTC’s one-day chart exhibited a downtrend from $6,451 to $5,309, along with two uptrends from $4,201 to $5,043 and $5,043 to $5,321. The supports for the crypto-asset were firm at $4,036, $3,789 and $3,469, while the immediate resistances were at $5,654 and $6,467.

Parabolic SAR: The dotted markers were below the candles, indicating a bullish phase for the crypto-asset.

MACD: The MACD line was below the signal line, exhibiting a bearish pattern for gold coin’s valuation.

Klinger Oscillator: The reading line was above the signal line and projected a bullish trend for BTC’s price.

1-day LTC chart

Source: TradingView

The one-day LTC chart projected two uptrends from $32.90 to $45.68 and from $45.68 to $60.31, followed by a minor correction. Another uptrend from $61.17 to $77.32 was also registered. Two minor downtrends from $56.52 to $34.73 and $92.81 to $82.92 were also observed.

The resistance point continued to be the much anticipated $90-mark, even as LTC failed to tread beyond $80. The support for the coin stood firm at $50.58, $44.54 and $31.43.

Bollinger Bands: The parallel bands implied a stagnant phase for the silver coin’s price.

Awesome Oscillator: The closing bars of the indicator were red and predicted continuing bearish pattern for the coin.

Chaikin Money Flow: The CMF was also below the zero-line, indicating that money was flowing out of the coin market. Hence, a bearish price trend for LTC was predicted.

Conclusion

While the bull returned for both coins, Litecoin [LTC] held to stagnant market trading within the tight range of $70-$80, while BTC exhibited fairly positive bullish signals.

The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: BTC’s bull pushes price further while LTC exhibits stagnancy appeared first on AMBCrypto.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 66619.5 (-0.55%)
Объем 24H $16.75b
Изменеия 24h: -0.47 %, 7d: 8.46 %
Cегодня L: $66619.5 - H: $67668.16
Капитализация $1312.434b Rank 1
Цена в час новости $ 5274.98 (1162.93%)

btc price ltc cryptocurrency bitcoin billion market

Источник: ambcrypto.com

btc price → Результатов: 126


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum's transaction size falls 54%: Why it's not bad news for ETH

ETH could be close to its bottom after the transaction size failed to spike. While the price might slip, traders are convinced of a quick recovery. On the 19th of May, AMBCrypto observed thaThe post Ethereum's transaction size falls 54%: Why it's not bad news for ETH appeared first on AMBCrypto.

Whale watch: $1B in Toncoin trades shake the market, tracking what's next

Toncoin has seen a surge in whale activity on its network. TON, however, is at risk of a price decline. Toncoin [TON] has witnessed a spike in whale activity on its network in the past few wThe post Whale watch: $1B in Toncoin trades shake the market, tracking what's next appeared first on AMBCrypto.

Predicting how ETH will react IF the SEC approves Ethereum ETFs

Coinbase analyst sees a 30-40% chance of approval for Ethereum ETFs. Ethereum's dominance and performance are at a low, suggesting a need for positive development soon. It is generally belieThe post Predicting how ETH will react IF the SEC approves Ethereum ETFs appeared first on AMBCrypto.

Ethereum sets sights on $4K: Will THIS spark a new rally for ETH?

ETH was up by more than 6% over the last seven days.  A few of the metrics suggested that the bullish momentum might not last.  Ethereum [ETH] caught investors off guard as its price gaineThe post Ethereum sets sights on $4K: Will THIS spark a new rally for ETH? appeared first on AMBCrypto.

Ethereum ETFs progress, but Solana may turn things bearish instead - How?

New data indicated that the likelihood of approval of Ethereum ETFs was relatively high. Ethereum lost market share to Solana, however, the price of ETH continued to surge. Ethereum [ETH] haThe post Ethereum ETFs progress, but Solana may turn things bearish instead - How? appeared first on AMBCrypto.

Fantom Sonic: Will Ethereum integration help FTM's price?

Fantom disclosed that Ethereum would enable the token migration. While FTM's price increased, reaching $1 could be challenging in the short term. Layer-1 blockchain Fantom [FTM] has discloseThe post Fantom Sonic: Will Ethereum integration help FTM's price? appeared first on AMBCrypto.

Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming?

Volatility around the token may be low, considering it has previously released 60% of its supply. AVAX might hit $43.50 if the volume continues to back the price action. The price of AvalancThe post Avalanche [AVAX] jumps 7% ahead of token unlock: Is $43.50 coming? appeared first on AMBCrypto.