In the previous week, the cryptocurrency market experienced a slight dip in capitalization, although major cryptocurrencies successfully reclaimed lost positions. The overall crypto market capitalization decreased from $1.56 trillion to $1.54 trillion during the week.
Over the seven-day period, Bitcoin saw an almost 8% increase, Ethereum rose by over 4%, Litecoin gained nearly 3%, while Ripple demonstrated a 1% decline.
Bitcoin
Bitcoin recovered from the $39,570 support level, bouncing back from last week's losses and approaching the resistance at $44,488 marked with dotted lines.
The pair might face a potential reversal and return to support from this technical standpoint. A breakout and consolidation above $44,488 could pave the way for Bitcoin to continue its upward trend toward the resistance at $47,147.
Ripple
Ripple remains within a downtrend, currently trading at the intermediate level of 0.5089. A consolidation below this level could lead XRPUSD quotes to further decline towards the next support at 0.4336.
Ethereum
Ethereum held above the support level of 2132.83 and rebounded towards the resistance at 2132.83. At this point, the pair has a small room for movement, allowing for either a potential downward reversal or an attempt to consolidate above 2132.83. A return to support at 2132.83 from current values is also possible.
Litecoin
Litecoin's recovery within the range between 57.91 and 81.76 was halted by the intermediate level of 68.80. Failure to overcome this level may lead LTC/USD back to its January lows. However, if it consolidates above the dotted line at 68.80, we may expect a recovery towards the local resistance at 75.60, marked by the upper dotted line.
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