- The overall market conditions haven’t shown any significant momentum on Tuesday’s market session as Bitcoin looks to sustain above the support level of $15200 and Ether is looking to have a positive, sustainable breakout above $450.00
- The global crypto market capitalization has reached $441.02B, resulting in a decline of -0.66% over the day
- The total volume traded in the crypto market in the last 24 hours stands at $122.31B resulting in an increase of 20.62% over the day
- The dominance of the crypto king declines by -0.22% over the day and is currently at 64.18%
The Overall Market Conditions Providing Mixed Sentiments
Bitcoin’s price levels have developed a support point at $15200.00 from the past couple of days as it was able to avoid downfall below the level. On the other hand, Ethereum was unable to maintain stability above the crucial mark of $450.00. Altcoins moved sideways on Tuesday’s market session as coins like Chainlink, Cardano, Tezos, etc. performed positively, whereas coins like EOS, Bitcoin SV, Binance coin performed negatively.
Bitcoin Price Predictions
The intraday chart of Bitcoin highlights the price levels’ attempt for another attempt to restest the resistance point of $15800.00. BTC again faced negative reversals from the resistance point resulting in a negative breakout below the crucial mark of $15K. However, the price levels quickly revived its buying volume and surged above the mark. Currently, the price levels are building support point around $15200.00. The CMP is placed at $15388.49 with an overall gain of 0.49% bringing the market capitalization to $ 285,277,413,479 and the 24-hour volume traded to $34,988,390,946.
Ethereum Price Predictions
Ethereum is looking to have a positive, sustainable breakout above the crucial mark of $450.00 on Tuesday’s market session. The ETH/BTC pair also performed positively with an overall gain of 0.87%, bringing the current level to 0.02934469 BTC. The current levels face major resistance placed at $470.00, with minor support points placed at $430.00. The CMP is placed at $452.59 with the market capitalization of $51,308,408,592 with the 24-hour volume traded of $14,415,715,193. A sustainable price movement above the crucial mark of $450.00 will help the crypto asset retest the mentioned resistance point.
Litecoin Price Predictions
Litecoin price levels were unable to sustain above the crucial mark of $60.00, resulting in the downfall. The current price levels are below the mark and trading negative with a marginal loss of -0.86%. The CMP is placed at $ 59.39, with a market capitalization of $3.911.153.389 and the 24-hour volume traded of $2,745,986,607. The LTC/BTC pair’s negative performance might create significant concerns about the price levels as it faced a loss of -1.635, bringing the current level to 0.00385124 BTC.
Ripple Price Predictions
Ripple was able to revive its positive momentum and currently restest the resistance level of $ 0.260 with the CMP of $0.259898, having an overall gain of 4.15%. The positive bounceback can be the result of Ripple buying back $46 million worth of XRP in the third quarter of 2020. The XRP/BTC pair also performed significantly positive with an overall gain of 3.09%, bringing the current level to 0.0001688 BTC. The market capitalization stands at $11,775,278,937 with the 24-hour volume traded to $3,495,559,647. If the levels can have a sustainable break above $0.260, we might expect XRP to build a significant price recovery action.
Chainlink Price Predictions
Chainlink was able to break above the resistance level of $13.00 with a significant bullish move of 6.02%. The CMP is now placed at $13.14 bringing the market capitalization to $ 5,143,139,697 and the 24-hour volume traded to $ 1,856,692,672. The pairs of LINK/BTC and LINK/ETH performed positively with an overall gain of 5.82% and 4.84%, respectively. The levels retraced quickly from $13.40 during the previous bullish attempt and are the level to look out for.