Being boosted by another wave of worries about the banking sector, the cryptocurrency market has grown at the end of this week.
In the span of a week, its capitalization has gone up from $1.18 trillion to $1.21 trillion. In the course of seven days, Bitcoin added over 5%, while Ethereum, Ripple and Litecoin demonstrated about 1% growth.
Bitcoin
In the course of its recovery, Bitcoin has returned back into the range between 28,790 and 30,973 and is attempting to consolidate above its support.
If the price manages to hold above 28,790, BTC/USD quotes will have enough room to move toward resistance at 30,973. A return to the corridor between 26,480 and 28,790 may serve as an alternative scenario.
Ripple
Ripple has been trading below the resistance level of the 0.4397 - 0.4828 sideways range. The price may either return to support from this technical position provided that the market recovery continues, or break out 0.4828 and consolidate above it.
In the second instance, the resistance at 0.5097 will serve as the next target for XRP/USD increase.
Ethereum
Ethereum has been putting the strength of the 1784.02 - 1896.78 corridor’s resistance to the test. If the cryptocurrency manages to consolidate above 1896.78, the resistance at 2017.41 will be the next target for increase.
Otherwise, ETH/USD may return to support at 1784.02.
Litecoin
Litecoin has been trading in the sideways range between support at 84.81 and resistance at 91.12. The price may either reverse downward from this area, or proceed to put the strength of 91.12 to the test.
If it consolidates above the current resistance, 97.17 will be the next target for the LTC/USD increase.
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