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Litecoin, Bitcoin Cash, Tron Technical Analysis On 28th October 2020

The global crypto market cap had preceded $400 billion and was noted at $403.83 billion with a 2.10% daily increase. The price of Bitcoin was also seen at $13,651.84 and was enjoying a 4.1% surge over the last 24-hours. There wasn’t any significant price drop or rise in the crypto market.

Litecoin [LTC]

LTC had finally climbed back into the top ten and stood as the ninth largest cryptocurrency with a market cap of $4 billion. The coin, however, did not endure major losses or gains in the last day as its price remained still at $57.92. LTC had managed to steal the show over the last few days as it had garnered a total of 18.65% gains in the past seven days.

LTC was looking to garner more gains this week as the bulls had invaded the LTC market. The Parabolic SAR indicator formed dotted lines below the candlesticks barring any downward breakout. The ACD line was way above the signal line once again acknowledging bull occupancy.

Bitcoin Cash [BCH]

Bitcoin cash continued to retain its position in the top five with its market cap little over $5 billion. BCH was witnessing a dainty slump of 0.25%, at press time and its price was noted at $261.76. The coin had bagged a 4.37% increase in the last seven days.

BCH’s ongoing slump was looking at a prolongation as bears were entering the BCH market on its one day chart. The Chaikin Money Flow [CMF] indicator hinted at the presence of bears as the CMF marker was heading below zero after its stay in the bullish region. The Awesome Oscillator seconded the CMF indicator with the formation of red closing bars.

Tron [TRX]

Once a coin in the top ten, TRX was seen lounging in the sixteenth position for the longest time now. The asset had a market cap of $2 billion and continued to trade for $0.0268. TRX had not witnessed any major changes in its price over the last few days.

Bulls were taking over the TRX market as the Relative Strength Index [RSI] indicator highlighted a bullish sentiment. The RSI marker was above 50 median exhibiting a buyers’ predilection. The Klinger Oscillator acknowledged the intervention of the bulls with a bullish crossover.

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