For the top 4 altcoins, the week has started off not worse than for the main cryptocurrency.
A sign of the full revival of the market can also be considered thanks to the fact that the number of requests for the word “Bitcoin” in the Google system has increased over the specified period three times, while in China the search for this word is the leader in the local Baidu.
Currently, the market capitalization is $183 billion.
As for ETH, such a strong movement was not expected, so all the main positions were concentrated in other instruments. However, against the background of the growth of the entire market, the coin was also able to show a good gain. After breaking through the upper limit of the trading range in the region of $180, the price per day soared by more than 7%.
Yesterday, buyers coped well with an attempt to consolidate above the level of 61.8% Fibo ($168.70). Further continuation of the positive dynamics of the pair tonight led to the price piercing the resistance of $180 and updating the annual maximum to the level of $187.26. After a rollback to the region of $180, the growth may continue.
Another obstacle on the way to the target level of $200 is the resistance of 78.6% Fibo ($192.57). In this area, growth may slow down, and the pair will consolidate.
The price of ETH is trading at $181.99 at the time of the writing.
Ripple at the beginning of the week supported the growth of the market and broke through the upper limit of its favorite side range. The maximum is set at $0.3709, but this level has not reached the annual maximum, which was set in January 2019 at around $0.383.
In the rollback, Ripple tested the support of $0.35, which saved the pair from a deeper decline to the upper border of the yellow range.
Monday may pass in a peaceful consolidation over the support of $0.36. After that, the bulls will have efforts of testing the level of $0.420 in order to update the annual maximum.
The price of XRP is trading at $0.3582 at the time of the writing.
The price of Bitcoin Cash was the best among the top 10 coins, as it exceeded the resistance level of
$300. The BCH/USD pair even reached the level of $320 and was trading close to the resistance level of $350.
Recently, the asset showed a correction for the decline and dropped sharply below $300. The support of $275-$280 acted as a strong buying zone, which activated buyers.
The price of BCH is trading at $311.93 at the time of the writing.
As it usually happens, after a long run, a rollback is inevitable. Over the last 24 hours, Litecoin has lost more than 4%. Moreover, it was absorbed by Bitcoin Cash in terms of capitalization.
In order to keep growing, a consolidation near $90 is needed. Only after that can we talk about moving to a new high, particularly to the $100 mark.
The price of LTC is trading at $89.73 at the time of the writing.