Currently, the total market cap of crypto is 198.19 billion USD with a 24h Volume of 58.57 billion and BTC Dominance of 66.6% according to coinmarketcap.com.
Bitcoin has a market cap of 131.7 billion USD and trades around 7,279 USD on Coinbase as it continues to consolidate around 7-7.75k USD area for the past weeks and currently looks to set a new higher low.
Therefore, no clear trend can be seen as of now and a break to either side of either 7k support or 7.6-7.75k USD resistance is needed in order to confirm the direction for further momentum with respective targets being 8.6k USD to the upside and 6.4k USD to the downside.
BTC/USD 4H:
Ethereum currently has a market cap of 15.93 billion and trades at 146.32 USD on Coinbase as it continues to consolidate around 144-152 USD area.
A clear break to either side is needed in order to confirm the direction for the next mid-term move, however, as the price currently trades close to the range bottom, a short-term long position could be taken in expectation of further upside in the upcoming 24 hours. If the previous high of 152 USD is reached, it would mean a potential upside of around 4.5%.
Therefore, we are short-term bullish, however, medium-term neutral.
ETH/USD 4H:
Ripple currently has a market cap of 9.661 billion and is trading around 0.223 USD on Binance as it looks to confirm a third touch of ascending trend line.
For now, the price does seem to be rejecting further downside and there is a good potential for a reversal. A long position would offer a decent risk/reward towards 0.233 USD major resistance and would mean a gain of around 5% from the current price. Move below 0.218 would invalidate this and can be used as a stop. If the price continues to move in a strong momentum around 0.233 USD, the position could be kept for longer as the next resistance is seen around 0.243 USD.
Therefore, we are bullish for the price of XRP in the upcoming days.
XRP/USD 4H:
Litecoin has a market cap of 2.846 billion USD and currently trades around 44.61 USD on Coinbase as it tests 44 USD previous low once again after setting a lower high, which indicates a downtrend.
However, if the price shows rejection of further downside and remains above 44 USD, a long position could be made in expectation for some short-term bullishness towards 46-46.5 USD and potentially higher towards 49.25 USD. Additionally, the price has not retraced significantly since the previous downswing and, therefore, more upside is needed in the upcoming days in order to continue a steady downtrend.
LTC/USD 4H:
Binance coin has a market cap of 2.332 billion USD and trades around 15 USD on Binance as it tests previous support around 14.6-14.8 USD and currently seems to be rejecting a break below with a steady upside seen in the past hours.
Since the previous downside, not a lot of retracement was seen as the price reversed around 16.5 USD and continued to trade sideways. Therefore, further retracement would be a good sign for the overall bearish trend and used for some short-term gain.
BNB/USD 4H:
