During the time of writing several coins were seen recording significant surges. Litecoin was one such coin that was under the crypto spotlight. While Bitcoin was enjoying its stay above $16K, it was dominating the market by over 65%. The global crypto market cap was evidently headed towards $500 billion. At press time, the market cap was noted at $461.93 billion.
Litecoin [LTC]
Litecoin was outshining every crypto asset in the industry. The coin was surging by over 7% over the last 24-hours and was priced at $63.30 during the time of writing. LTC had also climbed up the crypto ladder and stood as the seventh-largest cryptocurrency with a market cap of $4.169 billion.
A conflict was observed in the LTC market as the indicators used on the short term chart of digital silver were exhibiting diverging aspects. The MACD line took over the signal line and formed a bullish crossover. However, the Klinger Oscillator had converged once again and formed a bearish crossover.
Bitcoin Cash [BCH]
With just a few days left for the big BCH hard fork, the altcoin was seen slumping. Bitcoin Cash was also surpassed by Chainlink in terms of market cap as the former’s market cap fell below $4.7 billion. During the time of writing, BCH was trading for $253.83 with a 1.38% drop over the last 24-hours.
The BCH market was seen slowing making space for the bulls after while a few bears remained intact. The Relative Strength Index indicator was seen below the 50 median and still revealed a sellers’ sentiment. The RSI marker showed that the coin was recovering from the oversold zone following the imminent hard fork. The Awesome Oscillator, however, formed a green closing bar indicating the presence of bulls in the BCH market.
Chainlink [LINK]
After an entire week of delivering a notable performance, LINK was seen walking down the sober lane. The altcoin was seen recording a dainty increase of 0.65% over the last 24-hours. LINK stood as the fifth-largest cryptocurrency with a market cap of $5 billion. Over the week, LINK managed to garner up 10.76% worth of gains.
LINK was going to prolong its uptrend. The Parabolic SAR indicator laid down dotted lines below the candlesticks and eliminated the possibility of a downward breakout. The Chaikin Money Flow was seen well rested in the bullish zone.