Bitcoin and several altcoins, such as Litecoin, EOS as well as Monero are showed hints of breaking above their respective resistance points despite a minor slip. This indicated that bullish pressure continued to dominate the cryptocurrency market. Additionally, the global cryptocurrency market cap stood at $451.3 billion, at press time
Over the past 24-hours, Litecoin [LTC] was down by 1.38% as it held a price of $58.94. At the time of writing, the coin registered a market cap of $3.88 billion and a 24-hour trading volume of $2.37 billion.
Despite a significant surge closer to its resistance level, LTC’s technicals depicted a conflicted picture. A bullish crossover was rejected by the Klinger Oscillator even as the coin surged to levels not seen in more than a month.
The MACD, however, underwent a bullish crossover. This suggested that even as the bulls were buying on dips, they remained in control of the coin’s price. The overhead resistance in case of an uptrend stood at $63. In case of a bearish reversal, Litecoin could be dragged to the immediate support area of $54.
EOS was priced at $2.49 after a minor dip of 0.83% over the last 24-hour. The coin recorded a market cap of $2.33 billion, and a 24-hour trading volume of $1.60 billion, at the time of writing.
The Awesome Oscillator flipped bearish as the red closing bar emerged suggesting a bearish momentum. The Chaikin Money Flow also appeared to be struggling to retain position above the zero-line indicating a decline in the inflow of capital in the coin market.
If the bears gain control, it could try to sink the price to $1.90 while the resistance stood at $2.72
Monero [XMR] has had an impressive streak this quarter as it was currently valued at $114.43. The privacy-focused coin appeared to be consolidating within a tight range. It noted a decline of 1.34% over the past 24-hours as it held a market cap of $2.03 billion and a 24-hour trading volume of $1.105 billion.
The dotted markers, however, aligned above the coin resisting a further uptrend. The RSI, also, slipped below the 50-median line suggesting a sentiment of high sell pressure in the coin market. This could potentially indicate that XMR could have topped out at $133.
If the bearish pressure gains momentum, Monero’s price could spiral to its immediate support level of $90.8