Bitcoin [BTC] and litecoin [LTC] Price Analysis: The coin anchor market is gaining momentum as digital money seems to be slipping

The collective market experienced a wave of good fortune over the past week, with a market capitalization reaching its highest level in two weeks, to 143 billion dollars.

Bitcoin, the largest cryptocurrency in the market, has recorded a slight increase of 0.36% against the US dollar and is trading at USD 4,095 at the time of publication. The market capitalization of the coin was $ 72.08 billion and it still dominated 50.2% of the coins.

FCoin recorded the maximum BTC transaction volume, representing 25.97% of the total via the BTC / USDT transaction pair. Other notable exchanges on the list were BitMEX, CoinBene, and BitForex.

litecoin [LTC]Since the beginning of the year, digital money has been on the rise, with prices reaching remarkable heights. After being overtaken by a rising EOS, the coin slid 0.76% against the US dollar and traded at $ 60.69 at the time of the press. Litecoin was valued at $ 3.71 billion, while the EOS exceeded $ 120 million.

Coineal took first place in terms of SLD trading volume by holding 8.82% of global volume via the LTC / BTC trading pair. FCoin, Coinall and DigiFinex are some of the other important trades on the list.

Bitcoin 1 day

The one-day BTC chart indicates that the price of coins is between $ 3,800 and $ 4,200 since the beginning of February. During this period, two notable trends were observed, the first increasing the price from $ 4,215 to $ 3,984 and the second increasing it from $ 4,030 to $ 4,213.

Bitcoin found immediate support at $ 3,781, which was lower than the best-selling currency in mid-February. The immediate level of resistance was $ 4,226, a level that has persisted since the end of the previous year.

the Bollinger Groups indicated decreasing price volatility, while the moving average indicated a bullish movement.

the Chaikin flow The tool has shown a mbadive increase in the money going into the BTC tokens, the CMF line being greater than 0.

the Awesome Oscillator the short-term momentum, while the last green bars also suggested a bullish movement.

Litecoin 1 day:

Digital money has been rising since the beginning of the year, with several bullish trends dominating the one-day chart. Significant upward trends were observed, rising from $ 45.63 to $ 56.78, then from $ 56.54 to $ 61.27.

Litecoin found immediate support at $ 54.57, a quantum leap. The immediate level of resistance of the coin rose to $ 61.34, which she will likely shatter with the upward trends ahead.

the Parabolic SAR pointed to a slight recoil, the dotted lines being above the trend line of the piece.

the MACD also showed a bearish movement as the signal line was above the MACD line.

the relative strength index investor interest declined, with SRI going from 70.38 to 59.99.

Conclusion:

A large number of positive coin announcements, regulatory updates and adoption news helped the collective market maintain its peak, while the persistence of Bitcoin above US $ 4,000 played a role important. The upper cryptocurrency has seen its dominance decline in recent months, but the bullish outlook remains, as shown by the indicators. Litecoin, however, is undergoing bearish oversight as investor interest declines and both parabolic SAR and MACD indicate a bearish reversal.