A mixed start to the day saw Bitcoin fall to an early morning low of $9,759 before rallying to a high of $9,801. The top crypto left the major support and resistance levels untested early on and is hovering around the $9770 mark at press time.
As of yesterday, BTC was flat and trading sideways, but the coin saw a volatile move in the late hours of Tuesday, peaking at around $9,870 before quickly dropping to $9,500 and even $9,300 on some exchanges.
The good news is Bitcoin has recovered and continues trading sideways, with bulls looking at a $9,760 resistance level.
In the coming days, BTC needs to evade sub-$9,740 levels to bring about the first key resistance at $9,900.
In the event of an extended crypto rally, Bitcoin could see the second major resistance level at $10,040.03 before any pullback.
Litecoin (LTC) Recovers From A Massive 56% Flash Crash
LTC started trading at $46.5 on Tuesday and reached a high of $46.88 right before an immense flash crash that took it down to $20.
The move only lasted two minutes, and Litecoin recovered to its original price, with some crypto enthusiasts speculating that the cause of this massive crash was most likely someone selling a large amount of LTC, which destroyed the order book on Bitstamp exchange.
At the time of writing, Litecoin is up by 0.14% to exchange hands at $46.15. A mixed start to the day saw Litecoin fall to an early morning low of $45.84 before rising to a high of $46.05.
Looking ahead, LTC would need to move through to $46.18 levels to support a run at the first major resistance level at $46.70.
Zilliqa (ZIL) Beats BTC With 950% Gains
While BTC has been consolidating just under $10k for the last couple of days, some altcoins have shown incredible rallies.
Zilliqa, in particular, the 35th-ranked crypto, according to CoinMarketCap, has seen a surge of 950% since the black Thursday crash on March 11th.
After Zilliqa hit its cycle low at $0.0022, the coin rallied massively toward $0.025, an upsurge of 950%, which is one of the largest in recent times. At press time, the coin is trading at $0.026.
The price of Zilliqa is currently inside a resistance zone and isn’t likely to see a further move to the upside.
According to the chart, the price of Zilliqa is back inside a range structure with resistances in this range found between the levels of $0.022 and $0.025, while the support levels are found at $0.012.
Most likely, a corrective move toward $0.015 is likely in the coming days, and that would provide a natural correction before a new impulse wave to the upside develops.