The green signals still continue as the cryptocurrencies are picking up the pace from its previous downfall. The cryptocurrency giant, Bitcoin looks all green at the present moment as it almost reached $7000 today with an intra-day high of $6932. The coin had been trading at $6586 swing low around 15 hours ago. However, the last one-hour statistics of almost all the coins are in the reddish zone. But the gain made by the bulls has not died out yet and sentiments from a majority of people show a bullish sign.
A group of investors, miners, journalists, skeptics, and influencers were interviewed to gather sentiments from different parts of the world and they are put together in one place, that is, in our segment called the sentiment analysis. The present market trends were analyzed by a team of experts and their opinions are recorded as it is in this segment. This analysis focuses on two cryptocurrencies which are among the big names in the cryptocurrency world and they are: Ethereum [ETH] and Litecoin [LTC]
Back in the $380s, the coin has had a breakout from the previous support level of $360. There is a major support now formed at $380 to which the coin seems to be holding on to. Ethereum, at 2:39 PM UTC, was trading at a price of $382.01 with a market capital of $37.694 billion. The coin has had a gain of 3.69% in the last 24 hours. However, the coin has incurred a minor loss of 0.49% which is greater than Bitcoin’s loss of 0.25%. The coin seemed to be waiting for one big upside move for the breakout.
Dick Carlson, a market expert from Nevada says:
“The coin is expected to moon and go way up till $811.77 mark and may happen in the month of July. The next supports are formed at $519 and $622. As of now the community is bullish and some nice divergence are forming.”
Edward Prior, an investor from Austin says:
“This is one of the best buy prices for Ethereum and the charts show that there is a bullish cross formation. I hope that there is no vagueness as far as the predictions are concerned. My personal advice is that you have to invest in Ethereum now and the coin will give you a run for your money.”
To conclude,75% of the Ethereum respondents feel bullish and are satisfied with the statistics. They feel that the bulls will take it on at least for the next two months. Another 25% of the Ethereum respondents feel that it is a bull trap and soon the gain will be lost.
At 3:03 PM UTC, Litecoin was trading at a price of $116.30. Despite the 2.01% gain in the last 24 hours, the coin has not crossed the $120 mark which leaves some of the LTC respondents doubtful. It has a market capital of $6.505 billion and it peaked an intra-day high of $118.32. From a $112.79 swing low it shot up to $115 in a matter of exactly two hours. After yesterday’s loss of 5%, Litecoin seems to be recovering now.
Rima Thomson, a financial advisor from Pune says:
“Despite of its gains, the coin is experiencing selling pressure. My personal advice is don’t buy Litecoin as now is not the right time. People who wants to sell now may sell as the prices will drop in the near future. But on the Indian Exchange Unocoin there is a huge buying pressure for Litecoin. Cheers and all the best to y’all!”
Brian Charles, a miner from Ohio says:
“Litecoin will drop to $87 and from that mark there will be a reversal which will take it to $145. So this mark at $87 will be the best mark to buy the token. There is a repeating pattern observed for Litecoin and the bears will take them up soon enough.”
To conclude, 53% of the Litecoin respondents feel that the coin will be experiencing a fall in the near future and that it will take a toll on the community. Another 47% is looking out for the bullish trend to kick in after the coin hits rock bottom.