Altcoin-market analysis – Litecoin surges ahead, Stellar is losing ground

The entire market capitalization rose this week to $ 270 billion. Up on XRP, Cardano, and Stellar all crypto could of the Top currencies to show increases in the 10 course. This is especially true for Litecoin, Binance Coin and Tron. In the course of the General upward movement of Tether had to leave in favor of Tron in the Top 10.

Dr. Philipp Giese
On the 27. May 2019BTC$8.801,00 10.19%part Facebook Twitter LinkedIn xing mail

the development of the ten-crypto is not Shown currencies with the highest market capitalization:

unlike last week, it goes for all crypto currencies upward: XRP, Cardano, and, in particular, Stellar lumen had to cope with a slight drop in Price. But otherwise, it goes for all other crypto, the Top 10 currencies upward. You will feel in the sustained bull market in the last year. So Tether had to make, at least temporarily, the last place in the Top 10 for Tron free.

The market capitalization jumped thanks to the positive development of $ 246 billion US $ 270 billion US dollars.

A little to grow the views of the next week is: we come for the Bitcoin, EOS and Litecoin on bullish estimates, for the rest of the impression, however, is neutral. While the first-mentioned can be guided in a stable Stop Loss at the Support and a Target at the Resistance (for Litecoin on the lower-rate analysis), but it should be in the neutral Below the Support or a break Through of the Resistance to wait for.

Best price development: Litecoin (LTC)

The existing upward trend has continued. After a Test of the moving average of the last 50 days, and described the Support of the Litecoin exchange rate is now about 100 US dollars and will soon test the next Resistance at 131 US dollars.

This Test, we can look optimistic in the opposite: A positive and rising MACD, a rising RSI and a high Aroon-Up Signal would lead to a bullish evaluation. So, you can dare a Long Position. Bold this can open directly, and both the specified Resistances 121.00 US Dollar and 151,99 US Dollar as the Targets to aim for. A little more Cautious the first Resistance as Entry, can use the second as the Target and the current rate at the 111,24 US Dollar as the Stop Loss. Only in the case of a course fall under the Support at 87,70 US dollars, the existing one is at risk upward trend, resulting in a Short Position has to offer. A Target would be when the second Support at a price of 60.61 U.S. dollars, while the Stop Loss in this scenario, at 94,20 US Dollar is.

Worst course development: Stellar (XLM)

After the Stellar rise in price in the past week, it shows again a slight weakness Of 20. May to 22. May, the rate fell to 15 percent. The moving average of the last 200 days proved to be a Support, so that the course could at least bounce off of it, but not the original heights reached. In total, Stellar has suffered, therefore, exchange rate losses of almost seven percent.

A positive, yet non-rising MACD leads to a recently re-rising RSI and a "don't know" Aroon indicator to a neutral impression. Nevertheless, one could consider the car a Long Position, in which the Support at $ 0.12 as the Stop Loss and the two Resistances at $ 0.17 and 0.20 US Dollar as the Targets to be used. A case under the Stop Loss can also be used as an entry point for a Short Position. With this, the second Support at $ 0.09 would be the Target and the Stop Loss would be $ 0.13.

the stability of the Top 10

The struggle for the tenth place is yet to be decided for a long time. Less than one percent of the Market capitalization of Tron and Tether. Similar just Stellar, and Cardano are to each other: Only four percent of the two Market separate capitalisation. Litecoin should rise three per cent and this could lead to a Flippening with EOS. Finally, the distance between EOS and Bitcoin Cash, with eight per cent is scarce.

winners and losers of the week

an Average of the crypto-currencies of the Top 100 have increased by seven percent and have performed slightly better than Bitcoin. Winner of the week Bitcoin SV, whose price could rise to over 60 percent. This is due to the FOMO behavior, what is to make by the recent attempt by Craig Wright, the Bitcoin source code and the white paper, under Copyright, to explain. Loser of the week is Horizon, the exchange rate had to fall by twelve percent.

66 percent of the Top 100 crypto-currencies have worse performing than Bitcoin. The market share of Bitcoins, however, remained constant at 57 percent.

Disclaimer: The information on this page is the illustrated rate estimates do not constitute buy or sell recommendations. They are merely an assessment of the analysts.

table data on the Basis of coingecko.com

the chart images on the Basis of the data of bitfinex.com and bittrex.com

USD/EUR exchange rate at the time of writing: 0,89 Euro.

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