A quick correction pulled the global market cap down to $389.8 billion after a drop of 3.25% over the last day. Bitcoin’s latest drop to the $13,000-level triggered a minor sell-off in the crypto market while its dominance remained intact at a little over 62%
XRP was down by 2.86% over the past 24-hours driving its price to $0.242. At the time of writing, the coin recorded a market cap of $10.98 billion and a 24-hour trading volume of $2.17 billion.
Despite the latest downside price action, the dotted markers of Parabolic SAR appeared to switch to a bullish phase as it appeared to hover above XRP price candles. The RSI, however, appeared to be falling below the 50-median line suggesting a growing sell-pressure in the market.
If the bulls manage to make headway, XRP could climb to $0.292 as its support level stood untested at $0.221
Over the past day, Litecoin [LTC] fell by 5.63% causing a drop to $54.90 in its price. It held a market cap of $3.61 billion and a 24-hour trading volume of $3.32 billion.
The positive trend of the cryptocurrency halted as the red closing bar made its appearance on Awesome Oscillator as the bearish momentum intensified in the LTC market. The Chaikin Money Flow suffered a minor decline as it fell close to zero-line.
If the bearish trend persists, LTC could drop to its immediate support level of $42.92 while its overhead resistance remained unbreached at $59.
Despite an impressive streal, Cardano [ADA] too mimicked the latest downfall, as it noted a minor decline of 1.9% over the past 24-hours. At the time of writing, the coin was valued at $0.0975 and registered a market cap of $3.03 billion and a 24-hour trading volume of $870 million.
Closely following ADA’s price action both Klinger Oscillator as well as MACD slid to the bearish realm depicting that the coin is destined for an extended correction.
ADA’s immediate level of support stood at $0.0770 while its overhead resistance was found to be at $0.111