2019-4-28 11:30 |
On April 28, the cryptocurrency market exhibited recovery at a slow pace with the collective market cap accounting for $171.3 billion.
Bitcoin [BTC]
At press time, Bitcoin [BTC] held a market cap of $93.16 billion and was valued at $5,272, registering a 24-hour trading volume of $12.71 billion. Over the past 24-hours, the largest crypto-asset on CoinMarketCap increased by o.39%.
Source: TradingView
The candlestick arrangement for the one-day BTC chart recorded an uptrend from $4,139 to $5,136. A downtrend from $6,332 to $5,529 was observed. The immediate resistances were found at $5,561 and $6,356. The support points on the chart were at $3,703 and $3,389.
Bollinger Bands: The parallel bands indicated a stagnant market phase for BTC.
Awesome Oscillator: The closing red bars of the AO indicator pictured a bearish trend for the gold crypto coin.
Chaikin Money Flow: The CMF was below the zero-line, indicating that money was flowing out of the coin market. Hence, a bearish price trend for the crypto-asset was pictured.
Litecoin [LTC]
Litecoin [LTC], exhibited a minor dip of 1.69 % over the past 24 hours and was priced at $71.51. The silver crypto recorded a 24-hour trading volume of $2 billion. The fifth largest digital asset held a market cap of $4.48 billion.
Source: TradingView
The one-day LTC chart recorded a significant uptrend from $32.80 to $70.32 and a downtrend from $55.78 to $34.19. The resistance continued to be the much-anticipated $90-mark. The support level for the coin was found at $46.10 and $30.76.
Parabolic SAR: The dotted markers were above the candlesticks and indicated a bearish phase for LTC.
MACD: The MACD line was also below the signal line and depicted a bearish pattern for the coin’s valuation.
Klinger Oscillator: The reading line was also below the signal line and depicted a bearish trend for the coin’s price.
Conclusion
Both the leading digital coins posted strong bearish signals. BTC’s price movement continued to lay low as LTC struggled above the $71-mark against the US Dollar.
The post Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Market falls short of optimism appeared first on AMBCrypto.
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