Daily Movers of Cryptomarket: LTC, BCH, ETC, IOTA

By October 22, 2020Altcoins
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  • The official announcement by PayPal of allowing its users to buy and sell cryptocurrencies including bitcoin has provided significant positive volume in the overall market conditions
  • The overall market capitalization stands at $387,482,338,303 with an increase of 4.04% over the day
  • The 24-hour volume traded stands at $114,248,949,085 which makes an increase of 8.45% over the day
  • The dominance of the crypto king is currently at 61.05% resulting in an increase of 0.41% over the day

PayPal Provided Bullish Sentiments in the Overall Market

Source: Coin360

As soon as PayPal’s statement went out in the market, the price of Bitcoin immediately rose from around the price level of $12200 to $13200. The volume trade of BTC has also surged heavenly around 40% bringing the current level to $41,107,653,810. On the other hand, Ethereum is finally testing the major resistance level of $395.00 with an overall gain of 3.47%. The overall market conditions are completely in favor of Ether and looking at the positive sentiment prevailing in the market, it must break above the resistance mark.

Litecoin (LTC)

Source: Coinmarketcap

Litecoin has been one of the cryptocurrencies that have been includedhave included by Paypal in its payment system providing the levels a massive surge of 14.08%. Due to the positive trend, the cryptoasset broke the major resistance level of $50.00 with ease and now hashave a CMP of $55.76. The market capitalization is at $3,664,363,146 with the 24-hour volume traded of $4,145,455,271. The LTC/BTC pair is also soaring up with an overall gain of 9.56% bringing the current level to 0.00437221 BTC.

Bitcoin Cash (BCH)

Source: Coinmarketcap

Bitcoin cash is also having significant gains with the help of positive sentiment in the overall market conditions. The cryptoasset is having an overall gain of 5.57% bringing the CMP at $265.39. The market capitalization stands at $4,923,250,121 with the 24-hour volume traded of $3,141,422,744. The BCH/BTC pair is also performing positive with an overall gain of 1.19% bringing the current level to 0.02078391 BTC. If BCH is able to sustain this positive move, the bulls will surely target for $300.

Ethereum Classic (ETC)

Source: Coinmarketcap

Ethereum classic is also enjoying positive momentum with bulls enforcing the overall market conditions. It is currently retesting the major resistance level of $5.50 with the CMP of $5.46 having an overall gain of 5.26%. The market capitalization stands at $635,311,642 with the 24-hour volume traded of $487,144,196. The ETC/BTC pair is having a marginal profit of 0.51% bringing the current level to 0.000427008 BTC. A break above the resistance level of $5.50 can provide significant price recovery action for ETC as the positive sentiment is already prevailing in the market.

IOTA (MIOTA)

Source: Coinmarketcap

The intraday price chart of IOTA clearly highlights its positive trend for the day having a profit of 6.24%. With this bullish momentum, the cryptoasset can target to reclaim the crucial mark of $0.30. The CMP is placed at $0.286548 with the market capitalization of $796,469,877 and the 24-hour volume traded of $14,054,128. The MIOTA/BTC pair is also performing positive with an overall gain of 1.43% bringing the current level to 0.00002241 BTC. If the digital asset is able to sustain this positive move, it can target to reclaim the level of $0.30.

The overall […]

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