During the past week, the cryptocurrency market's capitalization surged from $1.54 trillion to $1.71 trillion, with leading cryptocurrencies trading in the green zone.
In the course of seven days, Bitcoin and Ethereum witnessed increases of over 6%, while Litecoin and Ripple experienced growth of more than 3%.
Bitcoin
Bitcoin is rebounding from a recent retracement, nearing the dotted resistance level at $44,488 for the second time, putting its strength to the test. Failure to surpass this threshold could lead to a retreat towards the support level of $39,570.
Conversely, a breakout and consolidation above $44,488 would pave the way for further upward momentum toward the resistance at $47,147.
Ripple
Ripple is trading in the middle of a downtrend, currently trading around the intermediate level of 0.5089. Continued consolidation below this point could drive XRP/USD quotes lower toward the subsequent support level at 0.4336. Alternatively, a rebound towards the resistance of the downward channel in the 0.5400 area is possible.
Ethereum
Ethereum has reached resistance of a sideways range between 2132.83 and 2456.85. From the latter level, there is the possibility of either a downward reversal or consolidation followed by an upward move toward the next resistance at 2780.86.
Litecoin
Litecoin is still trading below the resistance at 68.80 marked with dotted lines. Should the market sustain its upward trajectory and the price consolidate above this mark, the subsequent target for growth would be the level of 75.60, i.e. the upper dotted line.
Failure to overcome resistance at 68.80 could result in LTC/USD retracing towards January lows.
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