• The overall market conditions have turned slightly red as some of the cryptoassets face price correction activity on Saturday’s trading session
  • The overall volume traded on the market is $78.08B resulting in a decrease of -21.96% over the day
  • The overall market capitalization is at $395.77B resulting in an increase of 0.08% over the day
  • The dominance of the crypto king slips to 60.79% making a decrease of -0.02% over the day

The Overall Market Conditions Introduced to the Bears 

Source: Coin360

A slight price correction activity has been followed in the overall market conditions as BTC and ETH turns red. BTC was unable to reclaim the crucial mark of $13k after facing negative reversals from the resistance level of $13200. Ether was facing resistance at the price level of $418.00, however, corrections arrived earlier for the cryptoasset. Some of the altcoins, on the other hand, are able to sustain their positive momentum which includes Bitcoin Cash, Ripple, Litecoin, Chainlink, etc. The sustainability of the bears over the price levels of the cryptoassets is still yet to be determined. 

Litecoin (LTC) 

Source: Coinmarketcap

Litecoin is able to maintain its positive momentum amid the introduction of correction activity in the overall market conditions. The digital asset is currently targeting the price mark of $60.00 with a gain of 4.72% on Saturday’s trading session. The CMP is placed at $58.12 with a market capitalization of $3,820,261,079 with a 24-hour volume traded of $ 3,703,845,663. The LTC/BTC pair is also performing positive with a gain of 4.82% bringing the current level to 0.00447565 BTC. 

Chainlink (LINK) 

Source: Coinmarketcap

Chainlink has outperformed with respect to the resistance level of $11.00 from the past two couple of days. The price levels are broken above the resistance level of $11.00 with the help of significant overall bullish sentiment in the market and now targeting to reclaim the crucial mark of $13.00. The CMP is placed at $12.67 with an overall gain of 4.18% bringing the market capitalization to $4,923,826,746 with the 24-hour volume traded of $1,614,384,775. Both the LINK/BTC and LINK/ETH pairs are performing positively with an overall gain of 4.05% and 5.05% respectively. 

Monero (XMR)

Source: Coinmarketcap

After touching the critical support area of $117.00, Monero has finally able to recovers the levels as it looks to target $130.00 again in the market. The CMP is placed at $128.17 with an overall gain of 2.55% bringing the market capitalization to $ 2,273,385,224 with the 24-hour volume traded of $1,746,937,365. For XMR to reclaim the crucial mark of $130.00, the bears need to stay in the overall market conditions as XMR generally has an inverse relationship with the overall market conditions. 

IOTA (MIOTA)

Source: Coinmarketcap

The intraday chart of IOTA reflects on the significant bullish momentum that prevailed by its price levels. With the current positive momentum of 2.00% bringing the CMP at $ 0.285, the bulls can certainly target $0.30. The market capitalization is $794,024,023 with the 24-hour volume traded of $ 9,884,449. The MIOTA/BTC pair is also performing positive with an overall gain of 1.69% bringing the current level to 0.00002188 BTC. 

(Excerpt) Read more Here | 2020-10-24 21:31:00
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