Bitcoin [BTC] and litecoin [LTC] Price Analysis: BTC and LTC bulls defend their position



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Bitcoin, the king of all crypto-currencies, was priced at $ 8,049.86 with a change of 0.98% over 24 hours and a trading volume of $ 25.61 billion over 24 hours, at the time of the press. With a market capitalization of $ 142.61 billion, Bitcoin continued its momentum.

The litecoin was priced at 103.34 USD with 8.56% growth over the 24-hour change cycle and trading volume of 6.12 billion USD. Litecoin was ranked fifth with a market capitalization of $ 6.39 billion.

BTC 1 day

Bitcoin saw an upward trend of $ 3,959.01 to $ 8,146.31. The two lines of resistance were $ 8,197.57 and $ 7,220.63, and the three lines of support were $ 5,026.28, $ 3,742.69 and $ 3,373.01.

Bollinger Bands describes an increase in market volatility.

Awesome Oscillator showed a constant growth rate above the zero line, which favored the short-term dynamic, which has become greater than the long-term dynamic. As the last three lines were red, a bearish movement was announced.

Chaikin Money Flows The indicator line was just below zero, indicating that the money was coming off the market.

LTC 1 day

litecoin [LTC] had three bullish trends, ranging from $ 38.91 to $ 92.15, from $ 92.37 to $ 102.17 and from $ 102.62 to $ 103.51. The lines of resistance were $ 61.19 and $ 102.40, while support lines were $ 41.36 and $ 29.78.

Soure: TradingView

Soure: TradingView

Parabolic SAR The indicator showed a downward trend in the market, with markers above candles.

Moving average Convergence / Divergence [MACD] showed a bullish cross as the MACD line crossed over the signal line.

Relative Strength Indicator exhibited a high buying pressure, the indicator line being positioned at 65.11.

Conclusion

Bitcoin and Litecoin should be in bullish territory according to the indicators.


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