Bitcoin continued to assert its dominance over the crypto market. While $12K was fast approaching the king coin, the dominance percentage was at 59.7%. No significant momentum was recorded in the crypto market as all the coins were enduring dainty price changes. The global crypto market cap was at $364.24 billion with a 1.47% daily increase.
Cardano [ADA]
ADA continued to secure its place as the ninth largest cryptocurrency with a market cap of $3 billion. The price of the coin during the time of writing was $0.1055. The altcoin was dropping by 0.97% over the last 24-hours. ADA seemed to have endured a pretty rough week as its price had slumped by 6.45% over the last seven days.
The short term price chart of ADA suggested that it would prolong its downtrend as the bears had checked into the ADA market. The Parabolic SAR laid dotted lines above the candlesticks limiting the chances of an upward breakout. The Chaikin Money Flow [CMF] indicator was below zero affirming the presence of bears.
Litecoin [LTC]
Litecoin was once one of the most popular coins. However, over the years the LTC came slumping down to the tenth position of the crypto ladder. The coin was trading at $47.74 during press time and LTC was one of the only coins that was increasing by 1.19%. However, over the last week, the coin had dipped by 4.92%.
LTC was going to continue its stay in the red zone as the Awesome Oscillator formed red closing bars and opened the doors for the bears. The MACD indicator formed a bearish crossover in the one hour chart of LTC. Earlier today, the MACD line had dipped below the signal line.
Stellar [XLM]
XLM was probably the only popular coin that was faring high. With a market cap of $2 billion, XLM was trading for $0.0840. The altcoin was surging by 2.02% and had garnered gains up to 9.3% over the last seven days.
Stellar was on its way to break its hot streak as the bears had made an entry into the short time price chart of XLM. With the Relative Strength Index marker below 50 median, a sellers’ sentiment had taken over the XLM market. The Klinger Oscillator was prolonging a bearish crossover it had formed yesterday.