Bitcoin [BTC] vs Litecoin [LTC] Price Analysis: King coin sees bearish pressure as LTC rides the bull waveMay 26, 2019
Bitcoin was priced at $8,004.45, with a market cap of $141 billion. The 24-hour trade volume came up to be $21.4 billion, out of which Negocie Coins contributed 9.50% via the BTC/BRL pair. BTC saw a drop of 0.06% in the past 24 hours, at press time.
Litecoin was priced at $101.74, with a market cap of $6.3 billion. The 24-hour trade volume amounted to $4.26 billion, out of which Coineal contributed 11.86% via the LTC/BTC pair. LTC saw a drop of 0.47% in the past 24 hours, at press time.
The one-day chart of BTC showed an uptrend from $4,733.50 to $8,203.32. The support points were at $3,157.69, which was tested in December 2018, and $4,863.86, which was tested multiple times in April 2019. The strong resistance was at $8,209.91.
Parabolic SAR indicated a bearish trend as the dotted markers were above the candles.
Awesome Oscillator showed a decrease in momentum as the red bars were projecting a bullish buying opportunity.
Klinger Oscillator displayed a bearish trend.
The one-day chart of LTC showed an uptrend from $55.88 to $102.26. The support points were at $22.64, which was tested in December 2018, and $29.82, which has been tested multiple times in the past. The point of correction was at $103.48.
The MACD indicator showcased a bullish crossover as the MACD line was above the signal line.
Relative Strength Index showed an increased buying pressure as the graph was close to the overbought zone, indicating a relatively bullish phase.
Awesome Oscillator was presending a bullish buying opportunity.
The one-day chart of BTC showed an overall bearish trend, as indicated by the aforementioned respective indicators, while the one-day chart of LTC displayed a bullish trend by the indicators.
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