Price analysis: Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), EOS (EOS), Stellar (XLM), Litecoin (LTC) | Crypto Gazette – Daily Crypto News, articles and tips

The total market capitalization of cryptocurrency has shrunk during the week, rising from well over $ 305 billion to the current $ 266 billion

. The average daily trading volume also fell from over $ 20 billion to the last value of $ 11.9 billion. [19659002] Lack of activity and an increasingly bearish week have seen most of the coins lose in the last seven days. The market dominion of Bitcoin now stands at 48.2%

Bitcoin price analysis (BTC)

Bitcoin (BTC) touched an intraday minimum of $ 7.355, as the bulls lose momentum. The best currency has failed to regain lost ground and is consolidating below $ 7,500.

The outlook is still on the downside, but the good thing is that the bulls have tried to remain steady above $ 7,300 and the positive hourly trend could see the value of retest over $ 7,500.

BTC is currently trading at $ 7.461, with price increases of 1.07% in the last 24 hours. However, it is still over 8% in red during the week. Its probable BTC / USD will reach a new low over the weekend before a rise is realized.

Bitcoin has an intraday trade volume of $ 4.0 billion, significantly lower during the week. The market capitalization is now $ 128 billion and has lost more than $ 12 billion from this time last week.

Price Analysis of Ethereum (ETH)

Ethereum in the last days failed to raise any kind of sustained upside. Even when BTC reached new highs, ETH remained steady in a range, trading steadily below $ 500.

Yesterday saw it fall to a low of $ 397, but the bulls reorganized briefly to overcome the $ 400 and stop further losses. It now trades in a range that has support for $ 404 and an immediate resistance to $ 430.

The ETH is currently trading at $ 417 and has gained over 2.45% in the last 24 hours. The second largest currency also gained slightly compared to BTC. It is trading at 0.05610113 BTC, which is 1.24% higher in the last 24 hours.

Even if it is still more than 10% lower week after week, any momentum above $ 420 could see the price shift to support areas above $ 460. [19659002Alcontrariopotrebbescenderesopopestaresupport$390anddiscussions$358Ethereumhaunitalizationitalizationduring422billionairesollarunewhumorumquestionsof14billiondollars

Ripple price analysis (XRP)

At the moment, XRP is among the few trading resources blocked in red on both days and weekly charts. However, it is likely that it can move north within the next few hours. That said, it should be noted that, like much of the previous week, Ripple traded in a very narrow band, less than $ 0.50.

The XRP / USD fell by a mere 1% in trading this morning while it remains about 3 percentage down during the week. The pair trades hands at $ 0.4382 and is likely to hit recent lows close to $ 0.420 and $ 0.400.

The crypto also finds it rough against BTC, currently trading almost 2% south in the last 24 hours.

SBI Remit and Siam Commercial Bank have collaborated and will use RippleNet to offer services at low rates for Thai workers in Japan. Such positive news can help the currency dominate an uptrend.

Ripple has a market capitalization of $ 17.2 billion and an intraday volume of $ 188 million.

EOS Price Analysis (EOS)

EOS holds over $ 7.00, a very important support area for bulls. If prices fall back below this level, it could open the rebates up to $ 5.8.

The fall of yesterday to $ 6.92 was, therefore, a sign of exhaustion, something that could see sellers taking control in the short term. At the moment, EOS / USD is trading at $ 7.17; little more than 1% in the green in the day's trading session.

A lot is expected from the EOS ecosystem, but operators should temper their expectations in terms of prices per hour. The currency has a short-term bearish prospect and is over 14 percent less over the past seven days.

EOS / BTC also found it difficult to maintain the momentum towards the top, currently almost one percent less. The average daily trading volume is $ 468 million, while the market valuation is now $ 6.4 billion.

Price analysis Stellar (XLM)

XLM / USD had fallen to prices close to $ 0.24 before a strong wave helped by buyers reached $ 0.269. However, he found it difficult to sustain an uptrend and could see further downturns unless the bulls exceed $ 0.25.

The sixth largest currency by stock market capitalization is trading slightly more than 1.8 percent in the last 24 hours but has lost more than 19 percent in the week ending today. It has a market capitalization of $ 4.8 billion and a daily trading volume of $ 68 million.

XLM has also negotiated a downtrend against BTC, but currently remains unchanged in the last hours. Short-term XLM bulls will point to breakages above $ 0.27 and will try to recover the value above $ 0.30. Any downward movement will lead to minimum values ​​around $ 0.20.

Litecoin Price Analysis (LTC)

LTC avoided breaking below $ 74, as it touched a minimum of $ 75.17 in CoinMarketCap. The bulls tried to push higher, reaching $ 77.82 before running out of energy.

LTC / USD is currently trading at $ 77.09 or 0.01035082 against BTC. Litecoin gained over 2.10% against the US dollar and just over 1% against BTC.

However, its value has decreased by over 7.5% in the last 7 days. Litecoin has a market capitalization of $ 4.4 billion and a daily trading volume of $ 276 million.

At present, the currency must hold over $ 75 to avoid falling to the next major support below $ 66. If a rise materializes over the weekend, Litecoin could exceed $ 80 and test the limits of the upper range to $ 91.

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