The global crypto market cap was $ 1.48 trillion, up 3.1% over the past day. Bitcoin’s rebound has been stable after last week’s price drop, but MATIC struggled to break out of its support region as it was trading too close to its crucial support level and Litecoin charts offered opportunities for a possible breakout.

Bitcoin (BTC)

Bitcoin, MATIC and Litecoin price analysis: July 12th

BTC / USD, TradingView

Bitcoin was priced at $ 33,549 at press time, after rising 2.8% in the past 24 hours. It observed bullish signals as the technical charts confirmed the same thing. The king coin kept prices above the $ 32,264 support level and showed signs of recovery after last week’s slump.

If the bulls continue to push prices higher, the coin could rally and test immediate resistance at $ 35,756. In terms of price movements and market volatility, Bollinger bands would have converged at the time of writing, suggesting price volatility could remain low over the next few trading sessions.

Great oscillator imagined growing bullish momentum when green signal bars were visible on the indicator. Capital outflows preceded capital inflows as the Chaikin money flow found a decrease towards the median line.

Polygon (MATIC)

Bitcoin, MATIC and Litecoin price analysis: July 12th

MATIC / USD, TradingView

MATIC’s prices remained on the downside as it was trading at $ 1.018 at press time, almost a 62% drop in valuation from its all-time high. Overall, asset prices showed a strong downward trend.

As a result, the buying pressure in the market decreased and the capital outflows exceeded the correspondingly Chaikin money flow indicator.

Bollinger bands indicated strong pressure which meant a price breakout was possible during upcoming trading sessions. Great oscillator observed a short-term bullish signal, but at press time a red signal bar popped up to mark the decline in the bullish signal.

Litecoin (LTC)

Bitcoin, MATIC and Litecoin price analysis: July 12th

LTC / USD, TradingView

Litecoin began to move higher, despite consolidation, as it broke above the crucial support level of $ 126. At the time of writing, the coin was priced at $ 136.29. After hovering between $ 126 and $ 148 for a while, the coin can expect resistance at the $ 148 level if it ventures into a sustained uptrend.

The buying pressure increased there Relative Strength Index showed a move north, suggesting buyers preceded sellers in the market. Bollinger bands tightened, which meant a price breakout could be on the charts for the coin.

MACD Histograms showed short-term bullish momentum, but at the time of writing the momentum appeared to be increasing. The coin had experienced a bullish crossover on July 9th.

LEAVE A REPLY

Please enter your comment!
Please enter your name here