The market capitalization of altcoins like Litecoin and Cosmos increased by 9.06% and 1.57%, respectively, on the back of the wider market’s hike. On the contrary, DOGE’s ambiguous price movements forced its market capitalization down by 11.36%.
LTC noted low liquidity and ATOM gave off strong buy signals. Conversely, DOGE faced difficulty in testing its immediate resistance level of $0.21.
Litecoin [LTC]
Bearish sentiment in the market is on an overall decline. LTC[2]’s prices embarked on a relief rally on 21 July and if the price continues to move up, the downtrend might weaken. At press time, the alt was priced $126.27, which meant that the price was up by 5.4% in 24 hours. The trading volume for LTC also noted a decline, a sign which suggested that liquidity had fallen across the market.
The Bollinger Bands were mostly parallel, despite the hike, a sign that the price might trade within the bands. If the price moves up, it can expect resistance near the $132-level and with an immediate dip, the prices might rest on the $121 support level.
Despite the price rising, the market pictured some weakness with the Average Directional Index over the 20-mark. Bullish signals mounted too as the green signal bars on the Awesome Oscillator hiked at the time of writing.
Cosmos [ATOM]
ATOM[4] was valued at $11.03 with 0.6% intra-day gains, accompanied by a marginal daily gain of 1.0%, at press time. The altcoin has been trading between $9.24 and $11.30 since its price started to mount. The alt’s immediate resistance level would be $11.40 and then, $12.06.
The Relative Strength Index moved out of the oversold zone as the price clambered up. Despite
