Bitcoin, Ethereum, Ripple, Litecoin overview: bulls and bears continue their seesaw battle

Major cryptocurrencies are recovering within the recent ranges.
The Big Three show marginal gains.

Tanya Abrosimova Independent Analyst

Cryptocurrency market partially reclaimed the ground lost during the previous sessions. The capitalization of all digital assets in circulation increased to $134B from $132B the day before, while all significant coins except Bitcoin SV and Tether demonstrated positive momentum.

Out of top-20, Privacy coins like Dash and Zcash are doing better than the rest of the pack. VeChain - now the 22nd largest coin - gained 18% on a day-on-day basis.

What’s going on on

Bitcoin (BTC) stays in the middle of $3,800-$3,900 range. The price touched $3,875 high on Tuesday, but the momentum faded away on approach to the critical resistance. BTC/USD has gained about 1% in recent 24 hours to trade at $3,856 at the time of writing.

Ethereum (ETH), the second largest coin by market value, is changing hands at $133.63, also 1% higher from this time on Tuesday. ETH/USD retraced from the intraday high of $134.75 amid profit-taking on speculative longs ahead of critical short-term resistance $135.00.

Ripple’s XRP, the third largest coin, returned to the area above $0.3100 to trade at $0.3110 by press time. The coin has been locked in a tight range for several days. The next significant support lies with $0.3000; the resistance of notice is $0.3200.

Litecoin (LTC), now the fourth largest digital asset with a market capitalization of $3.45B is trading at $56.82, nearly 5% higher from this time on Tuesday. Litecoin has been doing well recently; however, for a sustainable long-term recovery, we will need to see a viable move above $60.00.

Author

Tanya Abrosimova

Independent Analyst

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