The crypto market is largely in red with most of the key coin trading in losses in the last 24 hours. Leading crypto Bitcoin is valued at $6,804 and has seen its market share drop by 4% in the last week. BTC market dominance now stands on 64% which bodes well for the market.
In recent days there has seen a renewed optimism within the crypto space that Altcoin season could be on the beckon. Indeed, the total crypto market cap has shown a marked increase from the lows of three weeks ago. At that time, panic selling had triggered mass outflows of money from the crypto space.
ChainLink Intraday analysis
One of the coins that are on the rise is ChainLink, which has recorded a double-digit gain in the past few days of trading. According to analytical platform Generation Crypto, Chainlink is among the best-performing coins of the week.
Its native token LINK has gain 58% in value within this period and is currently ranked 11th on the coin rankings. LINK is currently trading for $3.42 and is one of the few coins in green as it gained 4.23% in the last 24 hours.
With its current spate of movement, LINK could surpass the $4 by the end of the week if the trend continues.
XRP Intraday analysis
Ripple is currently down 3.37% following a bearish period of trading over the weekend. This is to be expected following the brief bullish period experienced by the coin which precluded the weekend.
As at the time of publication XRP is valued at $0.185413 with a market cap of $8 billion. Looking at the current trend, XRP is expected to pick up steam this week with the coin attempting to surpass its current psychological barrier of $0.19. The next support level for the coin is $0.180-$0.183.
Litecoin Price Analysis
Litecoin is currently trading in red with the coin down 4.04% within the last 24 hours. Litecoin is currently in its major support level of $40 and if it breaks beyond this level, there could be a steeper bearish momentum for the coin.
Litecoin is currently valued at $40.80 and the current trend doesn’t signal any good position for the altcoin in the coming days.