Bitcoin [BTC] experienced a fall of 10% after hitting a high of $8,000 yesterday, and its effect was seen on other coins as well. At press time, BTC stood at a price of $7,274.92 and had a market cap of $128 billion, after falling by 8.14% over the day, at press time.
The LTC market was also affected by the BTC downfall. At press time, LTC was priced at $87.77, with the market cap at $5.70 million, after falling by 7.23% over the day.
The one-day chart for BTC showcased uptrends from $3,174.51 to $3,354.97, $3,353.32 to $3,895.17 and from $3,912.65 to $5,136.17.
The Parabolic SAR markers were above the candles, indicating a bearish market.
The MACD indicator underwent a bullish crossover, at press time.
The Chaikin Money Flow was also above the zero line and depicted increasing money flow into the BTC market, at press time.
The one-day chart for LTC showed uptrends from $22.35 to $32.21, from $32.50 to $45.05, and from $45.25 to $59.99. The resistance stood at $92.31, while support lines stood at $47.97 and $22.10.
The Bollinger Bands indicated high volatility in the market.
The Relative Strength Index indicated strong buying pressure in the market.
In the Awesome Oscillator, the short-term momentum was higher than the long-term momentum.
The one-day charts for BTC and LTC were largely bullish. However, some bearish activity may be in the offing.
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