The bull market was slowly giving in to the bears. With several greens turning into reds, the crypto market was in a frenzy. Litecoin, Bitcoin Cash, and Bitcoin SV were seen witnessing major slumps. The global market cap was seen collapsing by 1.48% as it was noted at $441.96 billion. Bitcoin was continuing its efforts to hit $16K as its dominance stood at 64.1%.
LTC, the silver to Bitcoin’s gold was once one among the top five coins, however, the altcoin was seen all way in the eighth position. At the time of writing, LTC was trading at $58.39 with a 4.28% dip over the last 24-hours. Last week, LTC was one of the best-performing assets as the coin had garnered gains over 10.38% over a period of seven days.
LTC was going green and welcoming bulls into its market as the key indicators revealed strong bullish sentiment. The Parabolic SAR formulated dotted lines below the candlesticks barring a downtrend. The Awesome Oscillator formed green closing bars and indicated the presence of bulls.
Bitcoin SV [BSV]
BSV slumped all the way down to the eleventh position as its market cap was noted at $2.944 billion. The coin was also seen traversing into the bears’ zone as its price was dropping by 3.60% over the last 24-hours. During press time, BSV was priced at $158.56.
Bears were going to prolong their stay in the BSV market. The Chaikin Money Flow indicator was headed into the bears’ den as the CMF marker was going below zero. The Relative Strength Index indicator also highlighted a sellers’ sentiment as the marker was all the way at 40 median.
Justin Sun’s coin, TRX had witnessed an uptrend over the last few days, however, a major slump had hit the TRX market as the coin was spiraling down by 1.72% over the last 24-hours. TRX was trading at $0.02500, at the time of writing and its market cap stood at $1.791 billion.
TRX was headed for a trend reversal as the bears were ending their brief stay in the TRX market. The MACD line took over the signal line on TRX’s short term price chart and formed a bullish crossover. The Klinger Oscillator also followed suit and formed a bullish crossover.