Cryptocurrency Market Analysis as of 10.11.2023


Over the past week, the cryptocurrency market experienced modest growth, with its capitalization climbing from $1.27 trillion to $1.38 trillion. In the course of seven days, Bitcoin and Ethereum saw gains exceeding 4%, while Litecoin recorded an increase of over %, and Ripple surged by more than 12.0%.

The overall cryptocurrency market capitalization has grown to $1.27 trillion. In the course of the week, Bitcoin, Ethereum, and Litecoin have demonstrated nearly 0% price dynamics, while Ripple stands out with a gain of over 9.0%.

Technical Analysis


Bitcoin, having consolidated above the 34,264 support level, extended its growth as the quotes of primary cryptocurrency surpassed $36,000 per coin. The immediate growth target is set at the 37,993 resistance, and a successful breakout may propel further gains towards the range of $40,000 per coin.



Ripple broke out the resistance at 0.6600 during its upward movement, consolidating above it. The next growth target for XRP/USD is the resistance at 0.8487.



Amidst overall market growth, Ethereum reached the resistance within the sideways range between 1784.02 and 1896.78 and is currently putting its strength to the test. Successful consolidation above 1896.78 may lead ETH/USD to its next strengthening target at 2017.41.



Litecoin went up towards the resistance of the sideways range between 64.70 and 73.43. The future direction of LTC/USD hinges on whether the price can consolidate above 73.43. A successful consolidation may drive further strengthening towards the 82.90 target; otherwise, the pair may remain within the current sideways trend.


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