The cryptocurrency market bounced back this week, reclaiming some of its losses and boosting its capitalization from $2.54 trillion to $2.66 trillion.
Over the span of seven days, Bitcoin surged by over 5%, Ethereum saw a 1.34% increase, Ripple climbed by 2.26%, and Litecoin emerged as the top performer with a gain of over 12%.
Bitcoin
Bitcoin ascended above the 68,976 level this week and is currently consolidating at that point. If this support remains intact, the cryptocurrency's price could revisit its all-time high of $73,000 per coin. Upon breaking this milestone, the next target for growth would be the 77,070 level.
Ripple
Ripple is experiencing a downturn within the range between 0.5865 and 0.6729 while maintaining a support margin. Should the price bounce back from the 0.5865 level, XRP/USD may see an upward turn. However, failure to hold this horizontal line could lead to the next support level at 0.5089.
Ethereum
Ethereum is trading within a sideways range of resistance between 3293.59 and 3586.13. Amidst this scenario, the cryptocurrency's price remains at a crossroads, with a possibility of either dropping to the 3293.59 level or continuing its ascent towards the 3992.43 target.
Litecoin
Litecoin has reached the midpoint of the range between 88.12 and 102.30, providing ample room for price movement towards resistance. That being said, given the technical nature of sideways trends, quotes could sway towards either border from the middle ground.
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