[ad_1]
- General market conditions continue to provide mixed sentiments by moving sideways with BTC and ETH trading positive as altcoins are facing negative momentum
- Global cryptocurrency market cap reached $ 453.69 billion, up 1.77% on the day
- The market’s overall trading volume over the past 24 hours is $ 110.09 billion, resulting in a -0.86% decline over the day
- The dominance of the cryptocurrency king has regained its positive momentum climbing to 64.49%, increasing by 0.61%
Bitcoin and Ethereum outperformed the Altcoins in Thursday’s market session
Bitcoin and Ethereum tried to outperform the altcoins in Thursday’s market session. Both major cryptocurrency assets in the market were looking to break through their respective resistance levels at the top. On the other hand, altcoins were facing negative momentum, including Litecoin, Cardano, Binance coin, Chainlink, etc. This kind of momentum is now being noticed at regular intervals in market sessions where BTC and ETH have tried to absorb the positive momentum of the altcoins. This also means that investors are relying on major crypto projects rather than altcoins in terms of investments. Therefore, we can expect both Bitcoin and Ethereum to gain significant levels from here.
Bitcoin price predictions
Bitcoin was able to break out of the $ 15800 resistance level in Thursday’s market session and is currently trying to recover the crucial $ 16K mark. The CMP is positioned at $ 15884.44, with an overall gain of 3.15% in writing. Market capitalization reached $ 294,415,964,108 with a 24 hour trading volume of $ 30,629,615,374. BTC’s dominance was able to revive its positive momentum, which could help price levels recover and hold above the crucial $ 16K mark.
Ethereum price predictions
Ethereum attempted to retest the $ 470.00 resistance point in Thursday’s market session and yet faced negative reversals. The retracement of the levels may be the negative performance of the ETH / BTC pair, which is facing an overall loss of -2.26%, taking the current level down to 0.02919870 BTC. The CMP is now positioned at $ 463.83 with a marginal gain of 0.96% bringing the market cap to $ 52,594,724,348 with the 24-hour volume trading at $ 12,424,755,829. The retracement was stopped at the $ 455.00 price level and the crypto asset has once again regained its positive momentum. This could likely mean that the $ 455.00 price level can emerge as a new support point in the coming trading sessions.
Litecoin price predictions
Litecoin price levels neglect to show any significant movement in price levels over the past couple of days. Levels are holding above the $ 58.00 price level and trying to break out of the $ 60.00 resistance limit. The CMP is now positioned at $ 59.60 with a marginal gain of 0.36% bringing the market cap to $ 3,925,316,280 with 24-hour trading volume of $ 2,372,474,052. The LTC / BTC pair was also negative with a loss of -2.94%, taking the current level to 0.00374575.
Ripple price predictions
Ripple price levels are trying to prevail in its positive sentiment by retesting the $ 0.260 sign of resistance at regular intervals for the past two days. However, price levels are unable to maintain sustainability above the mark, resulting in a retracement. The CMP is now positioned at $ 0.257264 with an overall gain of 0.95% which brings the market cap to $ 11,657,288,428 with a 24-hour trading volume of $ 2,544,066,660. The XRP / BTC pair turned negative, facing an overall loss of -2.23%, taking the current level to 0.0001621 BTC. On the downside, price levels have support at $ 0.254.
Chainlink price predictions
Chainlink’s price levels were unable to hold above the crucial $ 13.00 mark in Thursday’s market session, resulting in negative momentum. The CMP is now positioned at $ 12.87, an overall loss of -1.70%, bringing the market cap to $ 5,036,816,691 with the 24-hour trading volume of $ 1,534,972,576. The LINK / BTC pair also turned negative, facing an overall loss of -4.85%, taking the current level to 0.00080888 BTC. On the downside, price levels need to hold above the crucial $ 12.00 mark in order not to lose its positive sentiment in the market.
