Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
  • Latest News
    • Bitcoin
    • Ethereum
    • Ripple and XRP
    • Fintech
    • Altcoins
  • Market Analysis
  • Resources
  • Contact
    • About Us
    • Press Toolkit
Facebook Twitter Instagram
Morning Tick
Altcoins

Will Ethereum and Litecoin’s hot streak be interrupted by the bears?

Staff ReporterBy Staff ReporterUpdated:March 23, 2021 on March 23, 2021
ethereum
Illustration credit: Morning Tick
Share
Reddit Facebook Twitter LinkedIn Pinterest WhatsApp Email

The volatile nature of the crypto market has put the community in a frenzy. While all the other coins were looking at dainty changes, Ethereum [ETH] and Litecoin [LTC] were seen recording a significant increase over the last 24-hours. Despite this, Bitcoin [BTC] was still dominating the market by 60% as its price stood at a high of $47.7K during press time.

Ethereum [ETH] one-hour price chart

While most of them in the Ethereum community were celebrating the inclusion of EIP-1559, which is said to keep the gas fees in control, the daily hike in the price of ETH prolonged the ceremony. During writing, ETH was seen trading for $1,555, with a 5.45% rise in the last 24-hours. The altcoin’s market cap was still quite far away from $200 billion as it was noted at $177.92 billion.

ethereum
Source – TradingView

The short-term price chart of ETH was trying to onboard the bears while bidding adieu to the bulls. The Parabolic SAR indicator had started laying out dotted lines over the candlesticks curbing the possibility of an upward breakout. This could further resent the asset from crossing the resistance line at $1,723. The MACD indicator had undergone a bullish crossover just yesterday. But it seems like this trend was about to be changed as the signal line was slowly trying to make its way over the MACD line for a bearish crossover.

The Relative Strength Index indicator was seen just over 50 median symbolizing a buyers’ sentiment.

Litecoin [LTC] one-hour price chart

Litecoin, during press time, was trading at $179.47 with a 3.04% surge in the last 24-hours. The market cap of the asset was at $11.92 billion and was ranked 9th on CoinMarketCap. Even though the asset failed to hit its all-time high of $375, LTC tried to make it to $245 during the recent crypto rally. But the bears in its market seemed to have staggered the altcoin’s efforts.

ethereum
Source – TradingView

Litecoin’s one-hour price chart mirrored that of Ethereum’s as the bulls were exiting while the bears were entering its market. The Awesome Oscillator indicator on its one-hour price chart was seen laying out red closing bars, suggesting that the bears were in its market. The Chaikin Money Flow indicator was still above zero but the marker was noted to be heading towards the bearish realm.

The Relative Strength Index indicator was below the 50 median which further suggested a sellers’ notion.

Conclusion

The bears ruled both, ETH as well as LTC. While ETH’s journey towards $2K would undoubtedly be interrupted, LTC’s target to $200 would be slowed down as well.

Altcoins Crypto News Ethereum Featured Litecoin Market Analysis
Disclaimer
Read More Read Less
The information provided on this website shouldn’t be considered as investment, tax, legal, or trading advice. Morning Tick is not an investment advisory platform, nor do we intend to be. The publication, its’s management team, or authored-by-line doesn’t seem liable for your personal financial losses, which may be due to your panic decisions based on the content we published. We strongly recommend considering our stories as just a piece of information, unlike advice, recommendations, or requests. Some of the contents may get outdated, updated, or inaccurate despite our profound editorial policies. We urge readers to do their due diligence before making any investments decision with ongoing IDOs, ICOs, IEOs, or any other kind of financial offerings. Few outbound links may be commissioned or affiliated, which helps us grow financially and maintain healthy editorial norms. For more information, visit disclaimer page.
Share. Facebook Twitter Pinterest LinkedIn Email Reddit WhatsApp
Previous ArticleIOTA and XRP reign over crypto market amidst bearish sentiment
Next Article Cardano (ADA), Polkadot (DOT), Uniswap (UNI): Daily price analysis
Staff Reporter
  • Facebook
  • Twitter
  • Tumblr

Staff reporter brings the latest financial technology, cybersecurity news and tech updates.

Recommended Posts

Introducing Lucky Mystery Box, Crypto lottery based on TRON with a prize pool of 1M USDT

4 hours ago

GlobalDots joins forces with Coralogix to save companies 40-70% on full-stack observability costs, launching a debut CDN log management solution

3 weeks ago

Unplugged launches its mobile App Suite to help consumers reclaim their privacy

3 months ago

Oxford United FC joins the mental health conversation through new sponsorship

4 months ago
Add A Comment

Comments are closed.

Latest

Introducing Lucky Mystery Box, Crypto lottery based on TRON with a prize pool of 1M USDT

4 hours ago

GlobalDots joins forces with Coralogix to save companies 40-70% on full-stack observability costs, launching a debut CDN log management solution

3 weeks ago

KX.finance announces upcoming DeFi/DEX aggregator launch on APTOS/SUI blockchain

3 months ago

HyperBC Group unveils Zero interest Crypto Credit Card HyperCard, obtains Lithuanian Financial License

3 months ago

Unplugged launches its mobile App Suite to help consumers reclaim their privacy

3 months ago
Morning Tick
Facebook Twitter Instagram Pinterest RSS
  • About Us
  • Press Toolkit
  • Disclaimer
  • Contact Us
  • Privacy Policy
  • Sitemap
© 2022 Morning Tick. Disclaimer: The information provided on this website shouldn't be considered as investment, tax, legal, or trading advice.

Type above and press Enter to search. Press Esc to cancel.