Since the recent bull run, the cryptocurrency market has not faced much correction. However, the last 24 hours have seen the market turn towards the south with the Big 3, Bitcoin (BTC), Ethereum (ETH) and Ripple (XRP) currently in red.
Noah Coin is a major exception from this trend. The the is coin gaining a maximum of 1400% increase in price, making the crypto assets break even. Naoh coin, at present, sits among top 50 coins list for the first time.
Here are the key data points of the top 3 coins:
There have been speculations from several crypto analysts that leading coin Bitcoin could be facing an upcoming bearish trend as several whales have begun selling their BTC after the latest spike in price. Despite this, BTC still trades above the $9,000 mark and has a market dominance of 67.4%
Today we will be making detailed analysis of two popular coins in the crypto community, Stellar (XLM) and Litecoin (LTC).
Stellar(XLM) Intraday Analysis
Stellar (XLM) is currently trading negatively with a price loss of 3.91% in the last 24 hours. Looking at its 24-hour trading chart, we can see the sharp decline in the trend of the coin in the last 6 hours of trading. This could be due to the general downturn in the market and is most likely a temporary trend for the coin
Stellar (XLM) is currently priced at $0.064217 per unit with a daily volume of $1,287,853,669 at the time of publication. The popular remittance crypto is currently ranked 11th on the crypto rankings with a market cap of $277,716,009.
Litecoin (LTC) Intraday Analysis
Litecoin (LTC) is one of the coins that has enjoyed steady gains following the recent bullish trend in the market.
At the time of writing, LTC is priced $58.24 and series of fluctuation in the last 24 hours. Looking at the price analysis chart below, the trend of the crypto asset forms a triangle pattern, indicating that the next move will determine if LTC is heading for the buying or selling Zone.
As at the time of writing LTC has a market cap of $3,702,171,374 and a 24-hour volume of $3,484,166,194 which makes it sit on the 6th position.