Altcoin-market analysis – Litecoins-rate performance, just behind Bitcoin, XRP and Stellar are lagging behind

The total market capitalization increases to the end of the week, again more than 270 billion US dollars. The Top 10 of Altcoins, especially Litecoin, show of the week majority of end a positive week of performance.

From Stefan Lübeck
17. June 2019BTC$9.268,00 was Added 0.83%part Facebook Twitter LinkedIn xing mail

at the Bitcoin course all the other crypto-currencies continued to outperform Austria within the Top 10, and can look to a whopping 20 percent rate increase. But since it is only at 16. July was a rate analysis, we focus on the second best Coin. The Litecoin exchange rate can take with a week plus of 17 per cent, closely followed by the Ether-exchange. In addition, the prices of both Bitcoin Forks a Bitcoin to Cash and Bitcoin SV can be seen, the EOS and of Cardano is also of double-digit price gains.

The consolidation has been negated thanks to a successful defence of the 7,400-US-Dollar brand and the Hype about the announced Facebook-Coin successfully. A strong week closing price in the case of Bitcoin, the dominance of the reserve currency, so to speak, continue to rise, what could be for the Altcoins, at least in the short term to the Problem.

Also, the total capitalization of the crypto market rises from the Sunday lows of the last week-end at 226 billion US Dollar back above the psychologically important mark of 250 billion US dollars and is currently trading even above the 270 billion US-Dollar brand.

Accordingly, the rate trends for the Top 10 Coins, the majority positive and the positive rate estimates have on the larger units of time, still. The bullish Runs of Litecoin, and Ethereum to offer an interesting upward trend. As long as the Hype around the Halving continues for Litecoin, seem to have higher Targets in only a matter of time. Ethereum benefits, similar to the majority of crypto-currencies within the Top 10, also a timely introduction of the since weeks announced Facebook-Coins.

With Ripple and Stellar the circuit are lights in the Top 10 for both Coins, of which large stocks of the developers. Parts of this could be on the market, which leads to an Inflation of the available Coin number. A corresponding devaluation of the respective Altcoins are afraid of the investors, apparently, making the price increases here are more hesitant.

Best price development: Litecoin (LTC)

Slowly it becomes boring, you might say. As in the previous week, the Litecoin price is still strong and can be re-recorded a double-digit rate plus. The development of Litecoin is also a good example of a sustainable upward trend. It shows that the old trading wisdom – "The Trend is your Friend" – has its raison d'être. So Litecoin has taken, after the 61 per cent Fibonacci Retracement level at 123 US dollars to above a direct attack on the first predicted target price at US $ 144, and it is perfectly executed, before the first gain used taking.

The RSI and the MACD continue to be a bullish signals, in particular, the RSI indicator is hanging in there above 70, which reflects the strong value development. Also, the MACD indicator has with the formation of a new week highs continues to be a bullish character. The Bollinger bands also run the course to the top, which should in the medium term, offer additional space for higher courses.

Top of the week limited now high at about 143 US dollars, in the case of sustained break of this brand in the medium term, the second objective of the course of the last week should have been at 172 US dollars. Here is a breakout trade of the week high is US $ 144 with a Stop Loss at 124 US dollars and price target at 172 US dollars.

at the Bottom of the said area of supports to 123 to 125 US dollars, a fraction of this brand would have a bearish character, and could endanger the upward trend. What is also interesting is that in the daily chart a Cup of the formation seems to form. This also has a price target around 170 to 180 dollars, could in the medium to long term, but even higher price targets at $ 240, or even 280 dollars mean.

Worst course development: Ripple (XRP)

The Ripple rate can not connect the positive price development of the other Top 10 Coins. On a weekly basis, he falls back to five percent. Tried to the beginning of the month of June, of course, to break the 0,48 US-Dollar. It was, however, a Top education and the share price fell by more than 20 percent. Stop could be to mean the beginning of the week, at least, of the super trend and the exponential moving the end of the last 200 days in the range of $ 0.37. As long as the price holds above this Support, one can evaluate the movement as a sideways consolidation.

The indicators offer a neutral picture. The RSI on a daily basis, currently has a slight bullish divergence. In contrast, the MACD has a bearish character. A break of the Support at $ 0.37 on a daily basis would be bearish values. It could have a further discount in the direction of the horizontal support at $ 0.33 for a result. Of course, defending the area around $ 0.40, that would be a re-Test of the range of 0.45 US-dollars. Beyond that a Test of the 38% Fibonacci Retrancement Levels 0.48 US dollars, it is conceivable. A break of this brand would enable a price target to $ 0.60. However, this scenario is currently unlikely. More likely a parent of the sideways range between $ 0.33 and $ 0.45 is.

the stability of the Top 10

The market capitalization of the Top Coins have increased again this week by a majority. In the rankings has done but little. Only for weeks, strong-looking Binance Coin could displace EOS from fifth place.

winners and losers of the week

This week, the 100 Coins in two ways, it shows at the Top an exciting and for the time ahead, pioneering Situation. The rather positive image in the Top 100 Coins at least on the first glance still. However, it is also in addition to the Altcoin/USD pairs, the Altcoin/BTC to look at Charts. Even if some of the Coins have recorded considerable increases in value in U.S. dollars, are in fact, many Altcoins to new old-time lows against Bitcoin like. The majority of the Top 100 Coins is moved to the week of closing above the previous week's levels.

The biggest week Zcoin, with a temporary rate increase of 87 percent increase. With the Chainlink, an old Acquaintance also has a strong Wochenperformance of 61 percent down and pushes it just below the Top 25. The loser of the week is with Monacoin, however, the project was able to show in the last few weeks, a strong Performance, but currently, the consolidation has. Here, investors have taken in the last days of gains. It is considered one of the Top 100 overall, it can be stated that in the Wake of the sharp rise of Bitcoin, the Altcoins, the majority of profits.

The Bitcoin domination, and the course of developments in Altcoins

increased The Bitcoin domination is a currently well-61 percent compared to the previous week's level significantly. You could gain a sustainable break of this Key level further to 65 percent. The Bitcoin has, as already mentioned in the last issue mentioned, still a very dominant role. The Altcoins follow Bitcoin on the Basis of the US Dollar, a calculation of the majority. The base currency of outzuperformen is, however, becoming increasingly difficult, as the consideration of the value pairs Altcoin/Bitcoin explained.

Therefore, it looks at the moment after that, the Altcoin rally, and may need to be moved. In the worst case, she's already back to the end before it has properly started. Investments in Altcoins are currently enjoy with caution. The development of the domination should continue to be carefully monitored.

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.

The chart images have been using trading view created. To be considered, the value pairs LTC/USD binance.com and XRP/USD on bitfinex.com

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

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