The cryptocurrency market lost ground in early July, with market capitalization dropping from $2.25 trillion to $2.13 trillion in just seven days.
During this period, Bitcoin declined by 5.46%, Litecoin by 1.38%, Ripple by 3.22%, and Ethereum by 6.35%.
Bitcoin
Bitcoin has fallen to the support level of 57,686. If this level fails to hold, the decline could extend to 52,880.
However, if the key cryptocurrency can rebound from 57,686, the nearest recovery target will be resistance at 64,728.
Ripple
Ripple is nearing the lower boundary of its sideways range between 0.4336 and 0.5089. Historically, the price has rebounded from the 0.4336 level for about two years, suggesting a potential upward turn from this point.
That being said, if XRP/USD breaks out and consolidates below the horizontal level of 0.4336, the next target on the downside would be 0.3703.
Ethereum
Ethereum has broken out the support level at 3293.59 and is now positioned below it. The next target for Ethereum's decline is the psychological $3,000 mark, followed by the horizontal support at 2,927.91.
Ethereum may recover toward the next resistance level of 3586.13 if that scenario doesn't play out.
Litecoin
Litecoin revisited the support at 68.80 marked with dotted lines for the second time and is currently holding above it. From this point, there is potential for the price to aim toward the resistance at 76.95, marked with a dashed line.
Should the 68.80 level fail to hold and the price consolidate below it, the next target for a decline would be the level at 57.91.
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