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You are here: Home / Opinion / Market Analysis / XRP, Binance Coin, Litecoin Technical Analysis On 24th October
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XRP, Binance Coin, Litecoin Technical Analysis On 24th October

October 24, 2020 by Sahana Kiran

The crypto-verse was seen taking a break from its recent bull run. Most of the coins during the time of writing were seen experiencing dainty changes in its price. The global market cap was also reposing after its efforts to cross $400 billion was underway. The market cap of the entire crypto market was noted at $395.73 billion and Bitcoin’s dominance continued its dominance by 60.8%.

Ripple [XRP]

XRP was one of the few coins that were residing in the red zone. The coin’s market cap was at $12 billion and prolonged its stay below the stablecoin Tether. The altcoin was trading at $0.2561 with a 0.72% drop over the last 24-hours. The coin had garnered gains up to 6.06% over the last seven days.

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XRP was going to see better days as the key indicators employed in the altcoin’s one day chart stressed on a bullish presence. The Awesome Oscillator indicator formed green closing bars, welcoming the bulls into the market. The Relative Strength Index was above 50 median highlighting a buyers’ sentiment.

Binance Coin [BNB]

BNB was also following XRP’s trail as the coin was seen depleting by 1.26% over the last 24-hours. The coin fell below Chainlink with regards to its market cap which was noted at $4 billion. BNB was trading at $30.65 during the time of writing and had barely acquired any profit over the week.

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A contrasting notion was observed in the BNB market as the indicators delivered opposing predictions. With dotted lines below the candlesticks, the Parabolic SAR invited the bulls into the BNB market. The MACD line, however, fell below the signal line forming a bearish crossover.

Litecoin [LTC]

LTC was probably one of the most profiting coins over the week as this digital silver recorded a 23.55% increase over the week. The altcoin climbed up the crypto ladder and stood as the eighth largest crypto asset as its market cap rose over $4 billion. At press time, the coin was trading for $58.63 with a 5.97% increase over the last 24-hours.

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LTC was reposing in the bullish territory as the one day chart for the altcoin revealed strong buyer’s sentiment. The Chaikin Money Flow indicator was seen above zero giving rise to bullish predilections. The Klinger Oscillator affirmed the presence of bulls in the LTC market with a bullish crossover.

Filed Under: Market Analysis, Altcoin News, News Tagged With: Binance Coin (BNB), Litecoin (LTC), Ripple (XRP)

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