Altcoin-market analysis KW6 – Slight gains for Litecoin, Stellar continues to fall

the total market capitalization remained this week at $ 114 billion. Really hard hit, Stellar, the price of which broke within the last week to 15 percent. Tron had to give up last week's gains, while there was a further slight increase for Litecoin.

Dr. Philipp Giese
4. February 2019BTC$3.464,15 -0.12%part Facebook Twitter LinkedIn xing mail

Presented is the development of the ten crypto-currencies with highest market capitalization:

At this point, to have a short announcement: For more consistency with the data used on our course pages and course updates will, from now on, no more values of Coinmarketcap but of Coingecko.

Also this week was, again, may be more likely to produce unsatisfactory: While Bitcoin, XRP Ethereum and Bitcoin Cash only low to moderate losses are Tron and Stellar victims of a price plunge of more than ten percent. Stellar continues its downward trend, while Tron had to give up the high flight of the last week. Only EOS and Litecoin can be recorded rate increases of one and four percent. In the case of Litecoin the announcement that Charlie Lee developments pushes for greater fungibility may have thrilled many an Investor.

The market capitalization remained at least constant at 114 billion US dollars.

The bearish Sentiment of the last few weeks is largely a cautious stance given way: For the larger crypto currencies, we come to neutral assessments, in which a Rise above the Resistance or a Drop below the Support as the one dough into a Long or Short Position should take advantage of. The smaller crypto-currencies within the Top 10 make a last impression. Here, a Short Position thinking that the prices for Support and Resistance as a Guideline for a Target or a Stop Loss can be used.

Best price development: Litecoin (LTC)

Really a lot of it was not, but at least the Litecoin look forward to-rate about a rate increase of four percent. With this increase, the rate still is above the moving average of the last fifty days. Currently a age, since March 2018 current downward trend is tested.

also Read: the Altcoin-market analysis KW51 – Litecoin defying the bear market

According to the rising MACDs, and also the rising RSI, which currently stands at 55, the chances are not bad. The Aroon indicator leads to a bullish evaluation. You can make it so, at the latest after an increase over the first Resistance 39,94 US dollars, with a Long Position to try. As a Stop-Loss of the Support 30,19 US Dollar, as the Target you can aim for the 40,97 US Dollar. The course covered Loss under this Stop, you can try it with a Short Position at which the Stop Loss at approximately US $ 33. As the Target year minimum 2018 for 23,75 dollars.

Worst course development: Stellar (XLM)

Stellars course fall knows no end. Last week, he lost 13 percent this week, the Stellar had to lose-rate is still 15 percent. This means that the price has reached Minima, which have not been tested since December, 2017.

A negative and a falling MACD and a RSI at 30, a a bearish language. The Aroon indicator confirms this assessment continues with a strong Aroon-Down Signal. It is, therefore, a Short Position, in which the Support as Targets in 0,065 US $ 0,043 US dollars can be used. As a Stop Loss, you can use the first Resistance 0,103 US Dollar. Only after rising above the second Resistance in 0,126 US Dollar, a Long Position offers currently. As a Stop Loss, you can use it again, the first Resistance, while possible Targets in 0,174 US $ 0.24 US-Dollar.

the stability of the Top 10

Between the Market capitalisations of Ethereum and XRP ten percent, which could correct a spirited Bull Run, and falling fast. Otherwise, the Situation has stabilized somewhat. Although the Market capitalization of Bitcoin Cash, Tether and Litecoin are almost on par, but Tron has fallen back through the course of fall this week so far behind Litecoin, stable 23 percent of the Market capitalisations of these two Krpytowährungen separates. Since Stellar is almost like in sync with Tron, has changed the distance between the Market capitalisations: Furthermore, a rate increase of six percent requires Stellar to rise about Tron.

also Read: the Altcoin-market analysis KW49 – Bitcoin Cash and EOS bleed more, remaining relatively stable

winners and losers of the week

the crypto are an Average of currencies in favor of the Top 100 by eight percent and have performed so much worse than Bitcoin. Winner of the week Augur and Apollo, their courses could be counted as only one of more than five percent Plus. Loser of the week Revain, Zilliqa and NEM, each of which had to accept more than 20 percent exchange rate losses. In the NEM, the Declaration of bankruptcy of the NEM Foundation may have had their influence on this rate case.

85 percent of the Top 100 crypto-currencies have worse performing than BTC. The market share remained at 53 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 on the cut-off: 0,88 euros.

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