March 4, 2021

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Market overview 26.3.| BTC, LTC – Silence before the storm?

2 min read
Market overview 26.3.| BTC, LTC - Silence before the storm?

overview of terms

Bitcoin and Litecoin are probably the two Coins that are most of investors are interested in. Both coins have gone through heavy weeks.

 

Cryptocurrency market currently has a total market value of USD 184 billion. The decline from high in 2020 is $ 122 billion and bitcoin dominance is 65.5%.

 

The best growth yesterday was:

EDC Blockchain

 

EDC Blockchain (EDC) $0,016075 USD (645,49%)

 

Numeraire

 

Numeraire (NMR) $13,70 USD (5,42%)

 

DigiByte

 

DigiByte (DGB) $0,003730 USD (3,33%)

 

The biggest drop was recorded:

Aeternity

 

Aeternity (AE) $0,097935 USD (-6,31%)

 

Steem

 

Steem (STEEM) $0,174506 USD (-5,50%)

 

Nexo

 

Nexo (NEXO) $0,101959 USD (-5,42%)

 

Molecular Future

 

Molecular Future (MOF) $0,359151 USD (-4,38%)

 

IOST

 

IOST (IOST) $0,003152 USD (-3,34%)

 

All datas are from coinmarketcap.com

 

World markets yeterday

 

SP500: 3,4 %. NASDAQ: 1,33 %.  OIL: 1,1 %. GOLD: -0,65 %. DOW J.: 4,72 %

 

Market overview 26.3.| BTC, LTC - Silence before the storm?

[BTC / USD] In 2020 to present value: -6,8%

 

World markets have also influenced the price of Bitcoin in the last month. After getting on their ATH, they subsequently failed. This was because investors began to respond to the economic constraints around the world caused by the coronavirus pandemic. As we can see today, Bitcoin is around $ 6,650 and in 2020 turned almost 48% profit to 6.85% loss. This decline is related to world markets. The nearest support is at $ 6,000 and we are looking for resistance at $ 7,100.

 

Market overview 26.3.| BTC, LTC - Silence before the storm?

 

[LTC / USD] In 2020 to the present value: -6,8%

 

Litecoin is currently around 39 USD. The closest support is $ 38.7 and resistance is $ 50. World markets have now stabilized, but this is only temporary. This is mainly due to the solution of central banks that financially support the economy by quantitative easing. Maybe this week is still calm, but I personally expect further falls as indicated on the chart.

 

Market overview 26.3.| BTC, LTC - Silence before the storm?

 

Selected coins from top capitalization yesterday:

Bitcoin

 

Bitcoin (BTC) $6 177,23 USD (-0,07%)

 

Ethereum

 

Ethereum (ETH) $131,97 USD (-0,82%)

 

XRP

 

XRP (XRP) $0,157134 USD (-0,23%)

 

Bitcoin Cash

 

Bitcoin Cash (BCH) $218,52 USD (-2,49%)

 

Litecoin

 

Litecoin (LTC) $38,16 USD (-2,08%)

 

 

Current price

[crypto coins=”BTC,LTC” columns=”2″]

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