Bitcoin [BTC] v Litecoin [LTC] Price Analysis: Coins encounter bearish market after weeks of bullish upswings

2019-6-4 14:00

The cryptocurrency market has been experiencing a lot of volatility recently. Bitcoin [BTC] dipped below 8k and the 24-hour trading volume was falling, at press time. Litecoin [LTC] seized its lost position on the cryptocurrency charts from EOS, and was ranked fifth on CoinMarketCap, at press time.

1-Day BTC chart

Source: TradingView

Bitcoin’s 24-hour trading volume was recorded to be over $22 billion, with a market cap over $139 billion, at press time.

An uptrend was sighted from $4,122.68 to $5,136.42, while the other was sighted from $5,715.70 to $7,904.09. A downtrend was seen from $6,311.07 to $4,943.32. Resistance was found at $8,225.91, while support was found at $3,173.30.

Bollinger Bands indicated reducing volatility in the market.

The Aroon indicator pointed towards sideways movement in the market.

Klinger Oscillator depicted a bearish market trend in the BTC market.

1-Day LTC chart

Source: TradingView

The 24-hour trading volume for LTC was seen to be over $4 billion, with a market cap of $6.4 billion.

An uptrend was seen from $49.38 to $92.46. The resistance was recorded at $116.96, while the support was at $40.49.

Chaikin Money Flow indicated an equilibrium in the capital outflow and inflow in the LTC market.

Awesome Oscillator pointed towards falling market momentum.

MACD depicted a bearish crossover.

Conclusion

BTC and LTC jointly experienced a bearish market, with a few indicators pointing towards sideways movement as well.

The post Bitcoin [BTC] v Litecoin [LTC] Price Analysis: Coins encounter bearish market after weeks of bullish upswings appeared first on AMBCrypto.

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Bitcoin (BTC) на Currencies.ru

$ 69707.83 (-0.14%)
Объем 24H $59.249b
Изменеия 24h: 2.14 %, 7d: 13.90 %
Cегодня L: $68995.48 - H: $71441.63
Капитализация $1373.343b Rank 1
Цена в час новости $ 7715.66 (803.46%)

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Источник: ambcrypto.com

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