Crypto Market Remains Vulnerable: Litecoin (LTC), BCH, TRX, ADA Price Analysis

The total crypto market cap is struggling to climb higher and it could break the $133.0B support. Litecoin (LTC) price moved below the $60 support and it could extend the downside correction. Bitcoin cash price declined below the $160 support and it may retest the $155 or $150 support. Tron (TRX) price failed to stay above $0.0230 and it is moving down towards $0.0220. Cardano (ADA) price is up more than 3% and it is trading nicely above the $0.0500 support area. The crypto market cap is currently at a…

Crypto Tokens Enjin, ICON Soar 20% but Bitcoin Remains Woefully Stable

Throughout the past several days, Bitcoin has remained relatively stable at $3,900. The stability of BTC has led crypto tokens to record massive spikes in the range of 10 to 100 percent. Enjin Coin, for instance, the native cryptocurrency of a gaming-focused blockchain network called Enjin, surged by 100 percent at its daily peak following its partnership with Samsung. Enjin Coin Daily Chart (Source: Coinmarketcap.com) ICON, the most valuable blockchain project in South Korea, recorded a 15 percent gain within a 24-hour span. Alternative cryptocurrencies tend to perform strongly when…

Ripple Price Analysis: Dips In XRP Remains Attractive To Buyers

Ripple price stayed above the key $0.2970 support and bounced back against the US dollar. The price gained momentum above the $0.3020 and $0.3030 resistance levels to turn positive. Yesterday’s highlighted important bearish trend line was breached near $0.3030 on the hourly chart of the XRP/USD pair (data source from Kraken). The pair rallied above $0.3080 and $0.3100 before it faced sellers near $0.3170. Ripple price recovered sharply from lows against the US Dollar and bitcoin. XRP/USD settled above the key $0.3080 resistance, which could now act as a buy…

Ethereum Price Analysis: ETH Remains Sell Near $128, Target $120

ETH price moved into a bearish zone and settled below the $128 and $127 supports against the US Dollar. The price traded towards the $122 level and it is currently consolidating losses. There is a crucial bearish trend line in place with resistance at $130 on the hourly chart of ETH/USD (data feed via Kraken). The pair could correct higher, but it is likely to find a strong selling interest near $127 and $128. Ethereum price started a major decline against the US Dollar and bitcoin. ETH/USD is following a…

Crypto Market Remains At Risk: EOS, Bitcoin Cash, TRX, ADA Price Analysis

The total crypto market cap is following a declining structure below the $128.0B resistance level. EOS price broke the key $3.55 and $3.50 support levels to move into a bearish zone. Bitcoin cash price traded below the $130 support and it could now test the $125 level. Tron (TRX) price extended losses below $0.0240 and it is now approaching the $0.0220 support. Cardano (ADA) price is currently sliding towards the key $0.0400 support level. The crypto market recovery remains at a risk of more losses. Bitcoin (BTC), Ethereum (ETH), EOS,…

Bitcoin Price Watch: BTC Remains Sell Until It Breaks 100 SMA

Bitcoin price is slowly recovering and it is currently trading above the $3,750 support against the US Dollar. There was a break above a short term contracting triangle with resistance at $3,795 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to struggle near the $3,860 resistance and the 100 hourly simple moving average. Buyers could gain traction only if there is a close above $3,900 and the 100 hourly SMA in the near term. Bitcoin price formed a decent support and recovered…

Ethereum Price Analysis: ETH Remains Sell Until It Breaks 100 SMA

ETH price corrected a few points after a sharp decline below the $142 support area against the US Dollar. The price corrected above $138, but the previous supports at $141 and $142 prevented gains. There is a short term breakout pattern in place with resistance at $140 on the hourly chart of ETH/USD (data feed via Kraken). The pair must break the $142 resistance and the 100 hourly simple moving average to move into a positive zone. Ethereum price started consolidating losses after a major drop against the US Dollar…

Bitcoin Remains On Hunt For $4.2K Despite Price Consolidation

View Bitcoin’s low-volume price consolidation has taken the shape of a bull flag on the 4-hour chart. A break above $3,930 would confirm a flag breakout and open the doors to $4,330 (target as per the measured move method). The flag breakout looks likely, as the longer duration charts are biased bullish: Monday’s high-volume triangle breakout is still valid, while a bullish crossover between the 5- and 10-day exponential moving averages (EMAs) on the 3-day chart indicates a positive shift in market sentiment. Another failure to take out $4,000 could…

Ethereum Price Analysis: ETH Remains Buy On Dips, 100 SMA Holds Key

ETH price started a downside correction after testing the $149-150 resistance area against the US Dollar. There was a break below a key bullish trend line with support at $146 on the hourly chart of ETH/USD (data feed via Kraken). There was an increase in selling pressure and the price tested the $139-140 support area. A few important supports are in place near the $141, $140 and $136 levels. Ethereum price started a short term correction against the US Dollar and bitcoin. ETH/USD must stay above $136 and the 100…

Ethereum Price Analysis: ETH Remains In Strong Uptrend

ETH price is slowly moving higher and it remains well supported near $119 against the US Dollar. There is a major bullish trend line formed with support at $119 on the hourly chart of ETH/USD (data feed via Kraken). The pair could dip a few points, but it is likely to find buyers near $119, $118 or $117 in the short term. Ethereum price is placed nicely in a bullish trend against the US Dollar and bitcoin. ETH/USD may continue to move higher towards $125 and $128 in the coming…