The crypto market is deadening, but some coins are signaling life in the space with green bullish flag to shake up their market value. Ontology (ONT), Litecoin (LTC), amongst the top 20 crypto coins in the market, are enjoying sharp pop up that is enough to break out of the bear.
Despite the rupturing market situation, Ontology leads the way out amongst top 20 coins with about 4.5% rise, taking its price to $0.6532 as of writing, as Litecoin (LTC) seconded it with a sharp 2.3% added value.
Ontology (ONT) Leapfrogs On The Upside Trend
With 4.5 percent market gain in the last 24 hours, Ontology (ONT) continues to ride on the rising wedge. Looking at the 15 hours market chart, it is deducible that ONT/USD pair formed a long solid support around the $0.579 resistance mark towards the end of the North American Trading session before reaching out for a tremendous bull turn that rode the altcoin on the mountain.
A sharp rise placed the value of the altcoin at $0.67 as ONT/USD continued with its momentum on the upside trend. In no time, the value of ONT had risen to $0.73 (it highest price for the day at the writing time).
Even though the altcoin witnessed a slight decline around the chart, ONT/USD trade pair still buoys a solid support around the $0.66 resistance level.
The 100 SMA line still trends below the longer-term 200 SMA, a clear indication that the path of least resistance is to the downside. Also, the price of the altcoin is still above the 100 SMA, and this signals a possible bullish momentum. The little gap between the moving averages also gestures a bullish crossover for the altcoin.
Litecoin (LTC) Intraday Price Analysis: The Bull Resuming Charge
Litecoin (LTC) seconds ontology as the second highest gainer amongst top 20 coins on the table with 2.3% percent rise, a notice that the market is either in deep or balance without gain.
Litecoin (LTC) has so far displayed that its sleeping giant is awake for a bullish run with tremendous gains over the last few weeks that upped the position of the altcoin from 7th to 4th in terms of market cap in no time. Sure the first 4 position is a critical and favorable point for coins in the market.
The 15 hours market chart shows that Litecoin (LTC) has since resumed on the upside trend with relentless momentum. After reaching a gigantic height around the $44 mark that was birthed by an abrupt bullish turn in the market, LTC witnessed the reverse – a gigantic deep that dropped its value to $40.
However, the downward trend was succeeded by a relentless upward trend. While on the upside trend, the value of LTC/USD moved progressively from $40 to $42 to $43 against US dollar.
At the moment, LT/USD trade pair is valued $43.3 as it forms a new resistance around the $43 mark.