Can Altcoins continue to grow faster than Bitcoin (BTC)?
This analysis provides an overview of how Bitcoin (BTC), Ethereum (ETH), ChainLink (LINK) and Cardano (ADA) have fared and how they will behave from now on.
The weekend started with the growth of the cryptocurrency market after yesterday’s eviction. Most of the 10 major currencies are in green, except for DOGE, which ended up devaluing 15%.
Key data for Bitcoin (BTC), Ethereum (ETH), Chainlink (LINK) and Cardano (ADA):
BTC / USD
The price of Bitcoin (BTC) has been almost unchanged since yesterday.
Despite a slight decline today, the main cryptocurrency may take a new resistance test at $ 61,200 soon.
In this case, the long-term bullish scenario remains relevant.
Bitcoin is trading at $ 60,499 at the time of writing.
ETH / USD
Ethereum (ETH) is more optimistic, as the price of altcoin has risen by almost 1% since yesterday.
Ethereum (ETH) is also optimistic, as the currency continues to trade higher. In that case, growth at the top of the channel of around $ 2,700 can be expected soon.
Ethereum is trading at $ 2,376 at the time of writing.
LINK / USD
Chainlink (LINK) is the main winner today. Its price rose 2.58% on the last day.
Despite today’s growth, the medium-term picture is neither bullish nor bearish, as altcoin is now located in the sideways trend. In this regard, the most likely scenario is to trade in the range of $ 40- $ 45.
LINK is being traded at $ 4p at the time of writing.
ADA / USD
Cardano (ADA) is the main loser today, as the currency’s price fell 0.59%.
Cardano (ADA) is also located in the lateral trend. Traders can expect ADA in the range of $ 1.45 – $ 1.50 for the next week.
ADA is currently trading at $ 1.40 so far.