The cryptocurrency market has been soaring to highs that were not seen for a long time and neared the $400 billion market cap collectively. As the king coin surged, the altcoins closely following its footsteps, surpassed key resistance levels.
Bitcoin [BTC]
Bitcoin finally breached the coveted $12,000 mark after the recent surge. At the time of writing, BTC was priced $12,238 after a surge of 3.49% as it stood at a market cap of $225 billion and a 24-hour trading volume of $29.95 billion.
The closing green lines of the Awesome Oscillator suggested a bullish trend for the coin with an inflow of capital into the market. In addition, the Chaikin Money Flow indicator was also in the bullish territory depicting a bullish picture of the coin.
Litecoin [LTC]
The latest price movement pushed Litecoin’s price all the way to $66.03 after it soared by 4.39% over the last 24-hours. The coin registered a market cap of $4.30 billion and a 24-hour $3.96 billion.
Earlier, TWJ has reported that Litecoin’s price could mimic the positive momentum witnessed in the consistent growth of its underlying network. The rise in network usage levels could significantly propel the silver crypto’s valuation.
Both the Klinger Oscillator as well as the MACD underwent a bullish crossover following with the signal line continued to hover below in both the indicators. This further suggested that Litecoin could breach significant levels that had earlier acted as strong resistance points.
Tron [TRX]
Over the past two weeks, Tron has indicated strong technicals that have catapulted its price movement. The 15th-largest cryptocurrency by market cap has exhibited substantial upsides after the recent partnership with another blockchain called WAVES to provide user-friendly integrations so that communicating becomes easier for everyone across each network.
At the time of writing, Tron was up by 11.80% over the last 24-hours as its price climbed to $0.0312. The coin further registered a market cap of $2.24 billion and a 24-hour trading volume of $1.510 billion.
The MACD was well above the signal depicting a strong bullish momentum for TRX. The Relative Strength Index [RSI] indicated was also in the overbought region depicting a sentiment of high buy pressure among the traders in the TRX market.