What happened to Althingi by the end of this week? Analyze graphs

Auction aldonaj this week did not bring any significant surprises, however, by Sunday most of them entered the stage of correction. Among the top coins on the capitalization of the worst proved to Binance Coin, Cardano and Litecoin. All crypto currencies have fallen on average by 7 percent.

Technical analysis

Let’s start with the main “loser” of the day — Binance Coin. At the moment the coin is trading at 24.1 of dollars over the past 24 hours, it fell to 5.5 per cent. However, this week, the BNB showed quite good results — altcon have grown in value by 26.5 percent.

Source: TradingView.com

Most likely, the recent pullback cryptocurrency can be interpreted as quite natural correction after a very sharp rise. We will remind, couple of days ago Binance Coin has set a new historic high in trading against the dollar.

At the same time, Cardano fell in price by 6.4 percent. Unlike the BNB, the ADA for investors this week was not the best — the coin has lost 13.4 percent of cost for seven days.

Source: TradingView.com

Looks like on the chart ADA/USD has formed a downtrend, which continues to gain momentum. Soon if the bulls can’t get the situation under control, Cardano will continue to fall next week.

Litecoin hit the top three losers very suddenly — even 24 hours ago, Aldon traded above the current market price of 7.1 percent. Drain the LTC proved to be quite harsh, so Monday could start wave of the retracement.

Source: TradingView.com

See also: Binance Coin was the most profitable coin in the first quarter of 2019.

Most of the trading volume of Litecoin was listed Coineal, Coinall and DOBI Exchange. The amount of transactions in the first is equivalent to 360 million, Ana Coinall auction is estimated at 241 million dollars. Finally, DOBI Exchange scored 166 million dollars of trading volume per day.


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