Pawfury Emerges as the New Golden Star in the Cryptocurrency Market
- WBOYOriginal
- 2024-08-17 09:13:11287browse
The crypto market is having a day as Bitcoin has gone up by 4% and crossed the $60,000 mark again. This increase comes after a period of losses
The cryptocurrency market is having a good day as Bitcoin has gone up by 4% and crossed the $60,000 mark again. This increase comes after a period of losses leading to discussions about the possibility of Bitcoin hitting $65,000 soon.
Bitcoin Price Analysis
Bitcoin opened the day at a price of $59,173 after which it went on to hit a low of $58,833 and a high of $60,630 before settling at an evening price of $60,163. Bitcoin’s total market cap now stands at $1.14 trillion while the trading volume over the last 24 hours adds up to $23 billion.
In terms of technical analysis, the誇張なBitcoin price is showing mixed signals from the Bollinger Bands as the bands narrow, hinting at a breakout. However, the Keltner Channel suggests a downtrend with the asset trading below the midline, indicating bearish pressure.
Relative Strength Index (RSI) : 50.06
Moving Average (100-day): $66.51
Simple Moving Average (10-day): $62.59
MACD Level: 0.02
After rising from a low of $40,000 in March 2023, Litecoin (LTC) has experienced a surge of 9% over the week and 3% over the month, bringing it closer to the $70 price point.
LTC Price Analysis
Over the past 24 hours, Litecoin opened at a price of $62.1 after which it went on to hit a low of $61.48 and a high of $74.6 before settling at an evening price of $63.21. This puts Litecoin above its support level but still far from any resistance, reflecting a neutral market sentiment.
A closer look at the technical indicators shows the Simple Moving Averages (SMA) are huddling close together with the 10-day SMA at $62.59 and the 100-day SMA at $66.51, hinting at a potential tug-of-war between bulls and bears.
Relative Strength Index (RSI) : 50.06
Moving Average (100-day): $66.51
Simple Moving Average (10-day): $62.59
MACD Level: 0.02
Terra Classic Price AnalysisAfter beginning the day at a price of $0.00007177, LUNC went on to hit a low of $0.00006999 and a high of $0.00008092 before finally settling at an evening price of $0.0000731. This puts LUNC right in the middle of its support and resistance levels.
Examining the technical indicators, we can see the 10-day Simple Moving Average (SMA) at $0.000071768 hinting at a slowdown in short term momentum. On the other hand, the 100-day SMA at $0.00007964 suggests a bullish long term perspective.
Relative Strength Index (RSI) : 49.23
Moving Average (100-day): $0.00007964
Simple Moving Average (10-day): $0.000071768
MACD Level: 0.0000003
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