Technical analysis of crypto majors – July 13th
Currently the total market cap of crypto is 318.7 billion USD with a 24h Volume of 68.6 billion and BTC Dominance of 65.2% according to coinmarketcap.com.
Bitcoin has a market cap of 208 billion USD and trades around 11620 USD on Coinbase. On a daily timeframe a multiple week triangle pattern is still in play with price trading in between important support and resistance of 11k and 12k respectively.
BTC/USD Daily:
Looking on a smaller timeframe price is currently retesting minor support of 11.5k after price traded in a rounded bottom pattern making higher highs in past 24 hours indicating bullish momentum picking up and likely retest of 12k resistance during the weekend trading.
BTC/USD 1H:
Ethereum currently has a market cap of 29.2 billion and trades at 271 USD on Coinbase with price action retesting resistance zone of 275-280 USD and likely continuing to the downside in upcoming days if price fails to break above. Possible next support level can be seen around 260 USD.
ETH/USD 4H:
Looking at ETH/BTC price is still consolidating around 0.0235 BTC. If price breaks to the upside we will likely see 0.025 BTC retested in upcoming days or, alternatively, continuation to the downside until 0.023 BTC is likely.
ETH/BTC 4H:
Ripple currently has a market cap of 14.4 billion and is trading at 0.338 USD on Binance with price still looking to retest 0.37 USD previous support now turned resistance. After resistance is reached and if not broken we will likely see continuation to the downside to next major support level of 0.29 USD.
XRP/USD 4H:
Litecoin has a market cap of 6.5 billion USD and currently trades around 102.7 USD on Binance with price still consolidating close to 100 USD major support as well as multiple week support trend line indicating we will see new highs most likely as soon as next week with price reaching 180 USD in remaining month if bullish momentum persists as Litecoin block reward halving is happening in just 23 days meaning less new coins will be supplied to the market.
LTC/USD Daily:
Binance coin has a market cap of 4.5 billion USD and trades around 31.8 USD on Binance and has overtaken EOS and currently is the 6th largest cryptocurrency with price closing very bullish yesterday indicating that likely new highs locally will soon be made and possible retest of 39.5 USD previous high very likely in remaining month.
BNB/USD Daily:
EOS has a market cap of 4.38 billion USD and trades around 4.71 USD on Binance with price still consolidating above 4.5 USD support zone indicating price is looking for a short term retrace for at least part of the downside impulse made earlier this week. Resistance around 5.7 USD is still in place and likely will hold the price from reversing current bearish momentum.
EOS/USD Daily: