Hidden from the market: the consolidation continues, a break is imminent?

The consolidation of crypto continues. Litecoin always step by step, NEO in progress, everything else is flat.

The crypto markets seem somewhat erratic at the beginning of the weekend, but nothing has changed in the last seven days. The total market capitalization has increased slightly, but most of the chips are still consolidating within their limits.

Bitcoin rebounded twice intraday resistance levels of $ 3,640, but still remains above the main support at $ 3,600. Highs were recorded throughout the week, indicating that the BTC should soon become bearish, especially if it falls below the key level of USD 3,600.

Ethereum is stable at $ 123, he has not moved a bit in the past 24 hours and stays where he has been since the middle of the week. The XRP is slowly weakening and the gap between the two has now widened to $ 450 million.

There has been so little action for the majority of the top ten countries that posted a tenth percentage change over the last day. Litecoin is the biggest player with 2% as it moves away from EOS and increases the market capitalization gap between them. Very little else is happening in this section.

NEO is today the best piece in the top twenty, with an additional 3%. Tezos gets closer to 2%, but stays away from Zcash. Maker and NEM are dumping 4-5% after a few days of reasonable gains.

There are only two double-digit altcoins at the time of writing. Ontology and Aelf added 16% during the Asian trading session. The partnership of Parity Games seems to be a driver for ONT. There are no big slums at the end of the mess among the top one hundred but the worst performances of the day are Aurora and Revain.

The total market capitalization has not changed for 24 hours and remains slightly above $ 121 billion. The markets are still tied in a very narrow channel where they have been all week. There is no sign of two-way momentum and continued boredom in crypto countries.

Market Wrap is a section that examines daily the top 20 crypto-currencies of the current session and badyzes the best performing, looking for trends and possible fundamentals.