The Litecoin ( LTC) price has achieved four consecutive days of gains and has now risen from $55 to $64. It is still far from the upper resistance level of $73. The price has stayed strong above the 30-hour moving average.
The Chainlink (LINK) price rallied for five straight days after testing the $12 support level on Aug. 10 — reaching an all-time high of $20 yesterday. However, we have seen some profit-taking action in recent hours, since it is down 4% today.
EOS has risen for three days after Block.one CTO Daniel Larimer announced the further development of decentralized finance on EOSIO. It is up another 1.37% over the last 24 hours.
TRON ( TRX) is also promoting DeFi in its new ecosystem JUSTswap, which will launch in the next 24 hours. TRX is up 15%.
Other top large-cap altcoins saw marginal changes, with Ether ( ETH) down 0.06% and Bitcoin Cash (BCH) up 0.14%.
Top altcoin gainers and losers
Small-capitalization altcoins have taken off again in the last 24 hours. Zipper Network ( ZIP) and OmiseGO ( OMG) realized a huge 60%. Meanwhile, KCASH gained 38.56%.
Due to the huge daily supply of Curve’s token, CRV, its price continues to fall toward a theoretical price of $1. It is down 24.92% over the last 24 hours.
New listings
Margin trading and savings for Serum ( SRM), and its perpetual swap trading, is officially live on the OKEx website and API starting from today at 7:00 am UTC.
BTC technical analysis
The BTC price is seeing significant resistance near $12,000. We have seen divergences on the MACD indicator across multiple time frames. While Bitcoin consolidates, it could be another sweet time for altcoins.
An intraday threshold is located at $11,650 with further support near $11,200. In the meantime traders need to pay attention to the CME gap, which is between $11,715 and $11,740. The CME Bitcoin futures price now has about $150 premium over the OKEx BTC Index price.
Bitcoin price chart”/> OKEx BTC Perpetual Swap 4h chart — 8/17. Source: OKEx, TradingView
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