The cryptocurrency market has entered a correction phase, with all coins from the top 10 list being in the red. The biggest loser is the recent gainer Litecoin (LTC) whose price has gone down by almost 11 percent since yesterday.
The key data for XRP, Litecoin (LTC), Cardano (ADA), and Chainlink (LINK).
|
Name |
Ticker |
Market Cap |
Price |
Volume (24h) |
Change (24h) |
|
XRP |
XRP |
$23,018,516,758 | $0.516453 | $11,043,734,003 | -10.37% |
|
Litecoin |
LTC |
$6,874,205,012 | $105.46 | $10,316,710,498 | -10.98% |
|
Cardano |
ADA |
$4,633,734,023 | $0.150171 | $1,084,032,339 | -8.51% |
|
Chainlink |
LINK |
$4,886,993,534 | $12.39 | $1,447,419,620 | -7.55% |
XRP/USD
XRP is one of the biggest losers today. The price of the third most popular crypto has gone down by more than 10 percent.
Judging by the daily chart, there is a high chance of a bounce back to the local resistance at $0.5832.
Such a move is confirmed by the low selling trading volume. However, it is too early to consider the continued growth as bulls have not seized the initiative.
XRP is trading at $0.5236 at press time.
LTC/USD
Litecoin (LTC) is the biggest loser today. The price of "digital silver" has declined by 11 percent over the last day.
Litecoin (LTC) is trading similarly to XRP as one might expect short-term growth. The bounce may get the price of LTC back to $110 before a more profound drop occurs.
Litecoin is trading at $107.34 at press time.
ADA/USD
Cardano (ADA) is not an exception, with its price recording a decrease of 8.51 percent.
From a technical point of view, the drop has not ended yet. Traders may expect one more wave of decline to the support at $0.1371. However, the crucial support is located at around $0.11 where most of the liquidity is focused.
Cardano is trading at $0.1514 at press time.
LINK/USD
Chainlink (LINK) has weathered the storm better than the aforementioned altcoins. Its price has gone down by "only" 7.55 percent.
Chainlink (LINK) is likely to keep going down even though the price of the coin has not decreased as most of the other ones. The potential bounce may happen when the price of the altcoin touches the support at $11.32.
Chainlink is trading at $12.45 at press time.
