The cryptocurrency market took a dive today, with its market cap falling from $171.4 billion market cap to $168 billion. Several digital coins failed to spike following last week’s market dip, despite recording brief signs of recovery.

1-day BTC chart

At press time, Bitcoin [BTC] held a market cap of $92,38 billion and was valued at $5,227. The trading volume recorded over the day was $14.07 billion. Bitcoin depreciated by 1.42% over the past 24 hours. Additionally, the largest coin fell by 4.86% over the week.

Source: TradingView

The candlestick arrangement on BTC’s one-day chart exhibited a minor uptrend from $3,359 to $3,901 and another uptrend from $4,130 to $5,156. A downtrend from $6,332 to $5,529 was also marked. The resistance points on the chart were found at $5,561 and $6,356, while the coin found its support at $3,703 and $3,389.

Bollinger Bands: The bands indicated a period of stagnancy for the coin.

Awesome Oscillator: The red bars at the end indicated bearish price momentum for BTC.

Chaikin Money Flow: The CMF was above the zero-line, indicating an inflow of capital into the market. Hence, a bullish price trend for BTC was forecast.

1-day LTC chart

Litecoin [LTC] failed to gain traction and was priced at $68.79, after falling by 1.75% over the last 24-hours. The fifth largest crypto-asset held a market cap of $4.23 billion and recorded a 24-hour trading volume of $2.47 billion. The silver coin exhibited a major decline of 11.47% over the week.

Source: TradingView

The one-day Litecoin [LTC] chart showed an uptrend from $32.80 to $66.48, prompted by the recent decline. A downtrend from $32.80 to $70.32 was also observed. Resistance for the chart was marked at $92 while the support points for the coin stood firm at $46.10 and $30.76.

Parabolic SAR: The dotted markers were above the candlesticks, suggesting a bearish price pattern for the coin.

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

Klinger Oscillator: The reading line was below the signal line and exhibited a bearish pattern for its price.

Conclusion

Litecoin failed to recover and continued to fall in light of the bear’s attack. Contrarily, Bitcoin held on and continued to stay above the $5,000-mark.

The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Bulls fail to gain momentum as price plunges appeared first on AMBCrypto.

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