A recent analysis of the charts indicates that there has been a slight pullback on the crypto markets on Sunday as top coins started to see range bound channels form. Although the overall market capitalization has remained within the $130 billion range. There has been little movement through the past weekend. The Bitcoin (BTC) price has retreated another percent of its value on the day going on to fall to the $3830 level.
The digital asset actually reached $3900, which is an intraday high, but it could not break beyond the resistance at $3900 making it to fall back further.
Litecoin (LTC) Price Today – LTC / USD
Daily Volume Just Below $5 Billion
The overall daily volume is below the $5 billion range as the top digital asset Bitcoin (BTC) continues its consolidation. On the other hand, Ethereum (ETH) has lost a measure of its recent gains after the digital asset dropped by 5% on the day falling below the $155 area once again. Despite the current price position ETH/USD is still about $1.5 billion in market capitalization just ahead of the third placed XRP token, which has stayed in the same level in the last 24 hours.
Much of the Top Ten Digital Assets Trading in the Red
The top ten digital assets are much in the red in the last 24 hours except one Litecoin (LTC). Litecoin (LTC) is managing a rare recovery while the rest of the digital assets have fallen somewhat slightly. Litecoin (LTC) is currently 7% up on the day trading at $35, as its daily volume grows from $400 million to $700 million. The market capitalization is now $2 billion. It is rapidly getting near Stellar (XLM), which is just marginally ahead of Litecoin (LTC) at press time.
This momentum comes days after OKEx launched a swap feature for ETH, LTC, and the Litecoin Lightning Network reaching 100 active node users.
As for the rest of the digital assets in the top ten, movement has been stale from yesterday’s price levels, although Tron (TRX) has managed to record a minor gain.
Cardano (ADA) Adds 6% as it Becomes Only Crypto Moving Into the Top 20
Among the remaining altcoins, Cardano (ADA) is the only digital currency moving into the top twenty after it recorded a 6% rise on the day. While Neo has crept up about 1%, the rest of pack are falling behind by one or two percent with IOTA the number one victim having lost 3.5% of its valuation on the day. The fomo pump for Sunday goes to ODEM after the digital asset surged by 45% as of press time. ODEM is the only digital coin to make double digit gains among the top digital assets as the rest are trading sluggishly.
There are also two cryptocurrencies that have been dumping doubles among the top hundred as of press time. They include REPO and PIVX. While MobileGo isn’t far behind after losing 9% on the day. The overall cryptocurrency market capitalization hasn’t really changed very much in the past 24 hours to 48 hours. It remains at $131 billion as of press time, which means it is down by 1.5% from yesterday. A sideways pattern has formed since the late December movements as crypto markets begin to bounce back between the ranges of $120 and $135 billion in market capitalization.