The cryptocurrency market demonstrated modest growth throughout the week, with its capitalization climbing from $1.62 trillion to $1.66 trillion.
In the span of seven days, Bitcoin experienced a 1.7% increase, Ethereum saw a 1.5% rise, Ripple encountered a 1.7% dip, and Litecoin observed a 1.3% decline.
Bitcoin
During the week, Bitcoin staged a recovery to the resistance within the sideways range between 40,626 and 44,137. From a technical standpoint, this juncture could lead to either a downward reversal or an attempt to break out the 44,137 level, paving the way for further growth towards the next resistance at 46,660.
Ripple
Ripple struggled to surpass the resistance at 0.6600, retreating to the vicinity of the psychological value of 0.6000. Within this context, XRP/USD has limited room for movement towards the resistance at 0.6600, potentially continuing to trade sideways between these levels if no significant volatility drivers emerge.
Ethereum
Ethereum rebounded upwards from the support at 2139.04 and reached the resistance at 2282.59. A consolidation above this boundary and prior highs would enable the second-largest cryptocurrency to extend its upward trajectory toward the resistance at 2545.76.
Litecoin
Litecoin dropped to the support of the ascending channel, where a potential reversal could occur, leading to further ascent toward the 82.90 level. However, iI if the trend changes, an alternative scenario involves a decline to the support at 64.70.
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