The weekend has been quite eventful for Bitcoin and the rest of the cryptocurrency market. Over the past day, the global market cap climbed to $397 billion, at the time of writing. Additionally, Bitcoin’s dominance sprung back up and was currently found to be at 61.15%, this triggered a mild downturn in the prices of several altcoins
Over the past 24-hours, Chainlink [LINK] was down by 3.52% and was priced at $12.29. The token registered a market cap of $4.77 billion and a 24-hour trading volume of $1.29 billion, at the time of writing.
LINK was struggling close to a vital level of resistance at $12.25. The Klinger Oscillator appeared to be heading for a potential bearish crossover. However, MACD depicted a strong bullish phase for the coin as the signal line hovered below, the reading line. If the token manages to retain the current level, it could further target $13.81 as it found firm support at $8.63
Litecoin [LTC] sustained a minor decline of 1.13% over the past 24-hours which drove the price to $57.9 as it held a market cap of $3.80 billion and a 24-hour trading volume of $3.68 billion.
Despite the mild pullback, the technicals depicted an optimistic picture. The green bars of the Awesome Oscillator indicated a bullish momentum for the coin. Chaikin Money Flow also rose well above zero signaling a rise in the inflow of capital into the coin market.
This targeted a bullish reversal to $61 while its immediate support was found at $51.
Tron [TRX] was down by 0.15% over the last 24-hours and was valued at $0.0271. At the time of writing, TRX registered a market cap of $1.94 billion and a 24-hour trading volume of $873 million. The minor upward trend was halted as bears gained control of TRX’s price.
This was also evidenced by the dotted markers hovering above the TRX price candles resisting a breakout. RSI, on the other hand, stagnated a little over the 50-median depicting a sentiment of buying pressure in the coin market. If the bulls fail to be in command, TRX could retest crucial support of $0.0247 while the resistance level remained unbreached at $0.030.