September 28 has started with a rise on the cryptocurrency market. Most of the coins have grown faster against Bitcoin, rather than in correlation to the US Dollar. The biggest gainer is Ethereum whose rate has rocketed by more than 5% over the last 24 hours. In this regard, the dominance index of BTC has declined and now constitutes 67.37%.
The main indicators of Ethereum, Litecoin, Bitcoin Cash, and ADA are looking the following way.
$18 867 268 645
$7 629 827 928
$3 540 003 988
$2 212 341 788
$3 997 678 415
$1 820 342 590
$1 022 847 194
$53 962 498
Ethereum has followed our earlier prediction, as the leading altcoin has started to move within the bullish channel.
On the 1D chart, Ethereum keeps moving within the ascending channel, however, the further rise might be stopped due to the declining trading volume. In this case, ETH might come back to the nearest support zone at 0.01950 BTC soon.
Ethereum is trading at 0.021263 BTC at press time.
Litecoin is trading according to our recent forecast, trying to recover the lost positions after two waves of decline.
Analyzing the chart, the price is about to come back to the previous levels. However, the reverse will not happen so fast, as LTC is likely to locate within the yellow corridor until the end of September. This is confirmed by the current level of the MACD indicator and decreasing trading volume.
Litecoin is trading at 0.00677 BTC at press time.
Even though Bitcoin Cash has increased by more than 3% over the day, the short-term scenario remains bearish.
On the 1D chart, there is no presence of a buyer due to the low trading volume. Also, the lines of the MACD indicator are going down, confirming the ongoing decline. In this case, the nearest scenario is reaching 0.0250 BTC.
Bitcoin Cash is trading at 0.02699 BTC at press time.
Cardano is one of the top gainers today, as its rate has increased by around 5% over the last 24 hours.
Since September 25, ADA has been locating in the bullish wave, however, that might be the local peak. The rate is about to decline against the declining trading volume and absence of buyers. Respectively, the price is likely to touch the support zone within the levels between 460 and 470 satoshi.
Cardano is trading at 0.00000477 BTC at press time.