Bitcoin updated the historical maximum. The crypto currency market is growing.

Closer to the closure of trading on Monday, the bitcoin price again renewed its historical maximum, reaching $ 17,420.00. Despite the fact that the update of the maximum mark turned out to be rather insignificant, this all should be considered as a signal of further growth of the price of the crypto currency.

Technical Analysis: During today’s trading, bitcoin demonstrates a fairly restrained dynamics, adding to the quotes about 0.70% in the last 24 hours. In case of a stronger correction, one should consider the main support levels at $ 14 250.00; $ 12 800.00. In the event of further growth and consolidation of the price above the level of $ 17,500.00, one should expect further growth to levels of $ 18,000.00; $ 18,500.00.

Fig. BTC/USD chart. The current price is $ 16,850.00.

Due to the rather low-key dynamics of bitcoin, the demand for altcoins is growing. Among all the counterparts of the most popular currency in the world, Litecoin, which price has grown by almost 15% over the past few hours, has again been marked by a significant increase, once again having updated the historical maximum to around $ 247.15.

Technical Analysis: At the moment, the price of Litecoin remains near the historical maximum, in case of correction of the price, the main support levels will be $ 200.00; $ 180.00.

Fig. LTC/USD chart. The current price is $ 244.50.

Alexander Sivtsov