2019-3-29 19:30 |
Bitcoin [BTC] and its silver counterpart, Litecoin [LTC], witnessed minor bull runs throughout the week, which catapulted BTC’s price above $4,000 and LTC’s price above $60.
At press time, BTC held a market cap of $71.63 billion and was priced at $4,066. The largest cryptocurrency registered a 24-hour trading volume of $9.88 billion and exhibited a minor loss of 0.08% against the US dollar over the past 24 hours.
The fourth largest digital asset on CoinMarketCap, Litecoin [LTC], registered a market cap of $3.72 billion and a 24-hour trading volume of $1.84 billion. The coin was priced at $60.91 and exhibited a decline of 0.80% over the past 24 hours.
1-day BTC chart
Source: TradingView
Bitcoin’s one-day chart exhibited a minor uptrend from $3,358 to $3,906. A major downtrend from $5,562 to $4,117 was registered on the daily chart. The support of the coin was at $3,182, while the immediate resistance stood at $5,568.
Parabolic SAR: The dotted markers were below the candlesticks, indicating a bullish price trend for the golden crypto.
Klinger Oscillator: The reading line was under the signal line and exhibited a bullish crossover.
MACD: The MACD line, however, sustained a bearish crossover.
1-day LTC chart
Source: TradingView
On LTC’s one-day chart, an uptrend from $32.90 to $45.68 was followed by a minor correction, and an uptrend from $45.68 to $58.55 was recorded. Downtrends from $50.23 to $39 and from $38.61 to $33.87 were also pictured. The immediate resistance for the digital asset stood at $67, while support points were found at $40.90 and $29.04.
Bollinger Bands: The mouth of the bands indicated stagnant price movement for Litecoin as the bands moved parallely.
Awesome Oscillator: The closing bars of the indicator were red, indicating bearish price momentum for the silver coin.
Chaikin Money Flow: The CMF was well above the zero-line, suggesting that money was flowing into the coin market.
Conclusion
The daily chart for Bitcoin was steered by the bull, while Litecoin projected mixed signals along with stagnant price movement.
The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls hold fort as market stagnates appeared first on AMBCrypto.
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