Bitcoin, the world’s largest cryptocurrency, has finally surpassed $ 60,000 after more than a week of consolidation below the $ 52,000 level. The effect of bitcoin fluctuation has caused most of the altcoin market to follow. However, the impact of BTC has not been uniform and some cryptos have seen some improvement in the past few days.
Litecoin (LTC) price analysis
Litecoin, one of the most popular altcoins on the market, has always shared a high correlation with Bitcoin. The same has been seen in the past few days after the silver coin gained value on the charts, following BTC’s constant pressure of over $ 52,000. The scale of the cryptocurrency growth has been incredible, with an increase of over 23% in the bottom few days.
However, it is worth noting that the transaction volumes of LTC remained well below the levels seen for most of February.
The MACD line registered a sharp bullish pass with the signal line, while the dotted signs of the Parabolic SAR were well below the price candles and underlined the rise in the Litecoin market.
Also, Bitcoin may have triggered the latest move of LTC, but it may not be a forward-looking situation. Because the code for the MimbleWimble upgrade is expected to be ready by March 15.
Waves (WAVES) price analysis
Bitcoin, the world’s largest cryptocurrency, has finally surpassed $ 60,000 after more than a week of consolidation below the $ 52,000 level. The effect of bitcoin fluctuation has caused most of the altcoin market to follow. However, the impact of BTC has not been uniform and some cryptos have seen some improvement in the past few days.
Waves ranks 76th in the lists of CoinMarketCap at the time of writing this article. WAVES ‘move has been quite contrary to Litecoin’s movement for the past few days. While the world’s largest cryptocurrency promotes the price appreciation of many assets, this altcoin was not among them.
WAVES is improving steadily. This is an improvement that might be a bit surprising since it came behind its bottom gain with an increase of over 14% in the past 72 hours.
However, in the near term, altcoin’s technical indicators seem to indicate that such corrections will flatten out. Bollinger Bands, for example, are approaching price candles as a sign of limited price volatility. Moreover, the Awesome Oscillator showed almost no momentum in the histogram.
