Popular cryptocurrencies have enjoyed unwaning popularity recent weeks, the entire market is worth over $ 300 billion. In daily analyses, we will look at the most popular currencies and you can use the opportunities that happen when trading on the Polish BitBay exchange.
Today we will look at the most popular currencies in the context of the last weekend and the end of the week on W1 candles.
Another very strong weekly candle, the cryptocurrency did not give up at a round level of $ 10,000. What’s more, the jump of $ 1,000 dollars was made in a one day. Thus, the upward wave is longer than the previous one in terms of range but shorter by almost half in terms of time. An interesting resistance seems to be at 12k $, where the external abolition of 261.8% of the last correction takes place.
In the case of this token, the course of the previous week was stable, on the one hand the buyers failed to close the week above $ 500, on the other, however, positive was defending half the length of the entire previous movement. A candle on “high legs” was formed . From the bottom, therefore, defends the level of $ 400, and in fact, the test for buyers will be a zone of 500-520 $.
Litecoin was also experiencing growth, additionally was broken ATH from August of this year, it seems that capital flows from bitcoin through ethereum to litecoin. After the attack on the maxima there was an attempt to drop the market to almost $ 70, but already the next day the declines were averted.