litecoin [LTC] Price analysis: the instantaneous crash induces volatility in the perennial bear market, the altcoins try to go up again

The cryptocurrencies of all cryptocurrencies suffered a sudden accident, causing prices to fall below the support line maintained for a long time. The altcoins have taken a big hit as the market struggles to recover from the grizzly attack.

At about 5:30 UTC yesterday, prices fell and the support for $ 51.26 held by Litecoin from September 2017 has been discontinued. Prices fell to a low of $ 48.44, with a market capitalization of $ 2.8 billion. From the time of the collapse, prices have come to $ 49.42. Prices have changed by 0.31% in the short term and seem to improve as the bull rises constantly.

The total variation in a 24-hour period is still bloody, down 5.15%. Prices started with a constant $ 51.87 and a strong market capitalization of $ 3.05 billion. Prices fell from there to $ 48.76, with a reduction in market capitalization of $ 200 million.

1 day price chart of Litecoin | Source: CoinMarketCap

The seven-day variation seems gloomy with a percentage variation of -7.33%. Prices were $ 52.26, with a market capitalization of $ 3.07 billion. However, prices rose to $ 52.86 and the market cap rose $ 35 million on October 26th.

Litecoin price chart 7 days | Source: CoinMarketCap

Prices rose from the crash and October 30th. Prices were opened at $ 48.45 and now they have reached $ 49.42. The market capitalization is $ 2.8 billion.

EOS is among the coins that took a hit in the recent accident. The price before the crisis was $ 5.41 with the market capitalization of $ 4.9 billion, post-crash, the price fell to $ 5.15 and eventually reached $ 5.08 while the capitalization suffered a massive reduction of $ 300 million. The bulls are trying to regain control, but the bear's pressure is keeping the prices subdued.

The percentage change for one day was -0.17%. The 24-hour change is -4.51%, as prices have fallen from $ 5.39 to $ 5.08 and market capitalization has fallen to $ 4.6 billion from $ 4.9 million. Currently, prices have fallen in the autumn and go back to $ 5.15.

Chart of the price of 1 day of EOS | Source: CoinMarketCap

The 7-day exchange rate followed the same trend as the 24-hour exchange rate, with a sharp decline near the $ 5.12 level following yesterday's crash. The price of the currency has moved relatively steadily, with increases during the week.

EOS 7 day price chart | Source: CoinMarketCap