On April 27, the cryptocurrency market was swinging low, with the collective market cap hovering near $170.6 billion. After posting substantial gains during the course of the month, the top coins toppled and failed to recover following the latest low blow to their price ecosystem.

Bitcoin [BTC]

At press time, Bitcoin [BTC] held a market cap of $92.87 billion and was priced at $5,256, registering a 24-hour trading volume of $14.73 billion. The largest crypto-asset on CoinMarketCap fell by 0.83% over the past 24 hours.

Source: TradingView

The one-day BTC chart recorded an uptrend from $4,139 to $5,124, along with a downtrend from $6,332 to $5,529. The immediate resistances were at $5,561 and $6,356. The support points for the chart was marked at $3,703 and $3,389.

Bollinger Bands: The bands indicated a stagnant market for the coin.

Awesome Oscillator: The red bars of the AO indicator pictured a bearish pattern for BTC.

Chaikin Money Flow: The CMF was above the zero-line, indicating that money was flowing into the coin market. Hence, a bullish price trend for the crypto-asset was forecast.

Litecoin [LTC]

Litecoin [LTC], exhibited a minor surge of 0.38% over the last 24 hours and was valued at $72.85. It recorded a 24-hour trading volume of $2.67 billion. The fifth largest digital asset held a market cap of $4.48 billion and was priced at $72.85.

Source: TradingView

The one-day LTC chart registered a significant uptrend from $32.80 to $70.32 along with a downtrend from $55.78 to $34.19. The resistance continued to be the much-anticipated $90-mark. The coin was supported at $46.10 and $30.76.

Parabolic SAR: The dotted markers of the indicator were above the candlesticks and suggested a bearish phase for the coin.

MACD: The MACD line was below the signal line and depicted a bearish pattern for LTC’s valuation.

Klinger Oscillator: The reading line was also below the signal line and depicted a bearish trend for the coin’s price.

Conclusion

The digital coin, Bitcoin [BTC] continued to project a phase of market stagnancy after slipping below the $5,500-mark. Litecoin [LTC] was struggling to sustain the $70 to $80 range and failed to remain positive even after a slight rise.

The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls continue to flatten LTC as BTC’s momentum fades appeared first on AMBCrypto.

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