Bitcoin worth $ 356 million was transferred to two separate portfolios

The collective cryptocurrency market was up after the recent upturn in Bitcoins, with market capitalization reaching $ 219.8 billion. Bitcoin [BTC] continued to trade higher and exceeded a major resistance point at $ 7,000. His counterpart in silver Litecoin [LTC] has also followed suit to exceed the much-anticipated $ 90 mark.

BTC Chart 1 day

The largest cryptocurrency by Bitcoin market capitalization [BTC] was traded at $ 7,301 after increasing 8.37% in the last 24 hours. At press time, crypto-assets had a market capitalization of $ 128.5 billion and a trading volume of $ 30 billion.

The BTC overnight chart showed a significant upward trend, rising from $ 4,143 to $ 5,153, and another upward trend from $ 5,143 to $ 5,740 following the market correction. A downward trend from $ 6,321 to $ 5,542 was also observed in the graph above.

BTC has broken through the resistance of the previous group at $ 6,500 and $ 7,000 in a very short time and is expected to increase. The digital piece found support at $ 3,859.

Bollinger Groups: The open mouths of the bands indicated a high price volatility and another price was declared for Bitcoin.

Great Oscillator: The indicator's closing bar was green, suggesting bullish activity for the coin.

Chaikin money flow: The CMF was also above the zero line, indicating that money was entering the coin market. As a result, a bullish price model for crypto-asset has been recorded.

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Fifth Largest Cryptographic Asset on CoinMarketCap, Litecoin [LTC]had a market capitalization of $ 5.63 billion. The coin posted significant gains and reached $ 91.25 after rising 15.80% in the last 24 hours. At the time of going to press, the coin recorded a transaction volume of $ 6.34 billion over 24 hours.

The litecoin of a day [LTC] chart shows an upward trend of $ 32.86 to $ 66.76 and another upward trend of $ 66.76 to $ 73.80. A downward trend from $ 55.96 to $ 33.80 was also observed. Litecoin surpassed its immediate resistance point to $ 90 and continued to grow, as the market grew significantly.

The coin found support at $ 45.04 and $ 32.62.

Parabolic SAR: The dotted markers were under the candlesticks, indicating a bullish phase for the crypto-asset.

MACD: The MACD line was also above the signal line, indicating the coin after a bullish price.

Klinger Oscillator: The reading line was also above the signal line, indicating a bullish price pattern for Litecoin.

Conclusion

Bitcoin has continued to be highly volatile and has surpassed two major resistance levels in less than 48 hours and is expected to reach $ 8,000. The bullish recovery of the king's coin prompted LTC to retrace its steps in its previous glory.