The cryptocurrency market is showing mixed performance, but overall it has mostly recovered over the past week, with market capitalization increasing from $2.14 trillion to $2.15 trillion.
During this time, Bitcoin has gained 3.42%, Litecoin has declined by 1.74%, Ripple has risen by 5.77%, and Ethereum has edged up by 0.25%.
Bitcoin
Bitcoin is gradually recovering within a gently sloping downward channel. Within this trend, BTC/USD has the medium-term potential to recover to levels above $65,000.
Currently, Bitcoin is in the middle of the sideways range between 57,686 and 64,522, where there remains some technical recovery potential.
Ripple
Ripple is attempting to consolidate above the 0.5865 level, from which it could continue its recovery toward the resistance at 0.6729. Alternatively, if it falls back below 0.5865, it may decline to the support at 0.5089.
Ethereum
Ethereum was unable to overcome the resistance at 2780.86, leading to a pullback to the support at 2456.85. Currently, the second-largest cryptocurrency is trading in the middle of this range and could move toward either boundary.
Litecoin
Litecoin has turned downward after reaching the resistance of its sideways range between 57.91 and 68.80, and it has now reached the middle of this range. From this technical position, it's most likely to head towards the support at 57.91, possibly putting its strength to the test.
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