Tag Archives: Price Analysis

Litecoin trades around the lower boundary of a falling wedge pattern and might find support here.Against Bitcoin, Litecoin continued to lose momentum after facing strong resistance around 0.006375 BTC earlier today and getting rejected.If the price drops below the immediate support, a further decline may develop from this point.LTC/USD: Litecoin Remain Trapped In a WedgeKey Resistance Levels: $50.6, $56 | Key Support Levels: $45, $42Following the latest price actions, Litecoin is facing a lot...

Tezos saw a slight bounce back following a daily 10% price increase.Against Bitcoin, Tezos might be forming a bull flag pattern.XTZ/USD: Tezos Bounced, But Remains Short-term BearishKey Resistance Levels: $3, $3.9Key Support Levels: $2.3, $2Following this week’s bearish start, XTZ saw a massive drop of 18% to a three-week low at $2.3. This drop was in correlation with the Bitcoin decline of the past days.Today, Tezos recovered 10% over the past 24-hours. At the moment, XTZ is trading for...

After a six-day recovery, Cardano resumes selling pressure following a daily 8% price dropAgainst USD, Cardano sharply broke below a weekly triangle pattern, after two days of consolidationAgainst BTC, A breakdown below 530 SAT level could likely send ADA to discover new lowsADA/USD: Triangle Breakdown Followed by Huge SelloffKey Resistance Levels: $0.0523, $0.056Key Support Levels: $0.045, $0.042A few days ago, Cardano saw a mild recovery of about 9% after a two-week-long correction that led...

Bitcoin (BTC)Bitcoin price managed to increase by a total of 5.58% over the past 7-days of trading after rebounding from the support at $8,550 provided by the downside 1.618 Fibonacci Extension level. After bouncing, the cryptocurrency managed to travel higher as it broke the $9,000 level in yesterday’s session to reach $9,150 today.From above, the first level of resistance lies at $9,200 (bearish .382 Fib Retracement). This is followed by resistance at $9,400, $9,450 (bearish .5 Fib...

Tezos increased by a substantial 15% over the past 24 hours of trading, as XTZ cryptocurrency hit $3.30.The coin found support at the 0.5 Fib Retracement level and then rebounded by around 30% over the past four days.Tezos’ current 2020 high against bitcoin is at 0.0004073 (Binance). Tezos is the top 10 crypto project by market cap, with a market cap of $2.27 billion.Key Support & Resistance LevelsXTZ/USD:Support: $3.14, $3.00, $2.80.Resistance: $3.52, $3.65, $3.80.XTZ/BTC:Support:...

Following recent price volatility, Chainlink (LINK) facing tough resistance around $4.9.While Bitcoin remains steady, the price of Chainlink has continued to surge over the past days.The bullish sentiment may end soon if Link doesn’t break above $5LINK-USD: Trapped In a Key Resistance AreaKey Resistance Levels: $4.9 – $5, $5.5Key Support Levels: $4.4, $3.8Two days ago, we mentioned the possible bullish momentum after spotting a head-and-shoulders pattern that was formed on the 4-hours chart....

Following a six-day sideways movement, Tezos now trades around $2.75 against US Dollar with 1.32% losses over the past hours.Tezos maintain the 10th best-performing cryptocurrency in terms of market cap.XTZ could resume the mid-term bullish trend if it can overcome immediate resistance levels across trading pairs.XTZ/USD: Tezos Keeping Sideways Trend After Two-Week LossesKey Resistance Levels: $2.95, 3.58, $3.9Key Support Levels: $2.6, $2.4, $2XTZ/USD. Source: TradingViewSince our previous...

Chainlink saw a lot of buying pressure over the past five days following a nice recovery from the critical support level.The LINK/USD pair is attempting to break out from a symmetrical triangle with a bullish head-and-shoulder pattern.A new bullish swing may start at 0.00045BTC level if buyers show strong commitment.LINK/USD: Chainlink Looking For Break Confirmation To Start New Bullish RallyKey Resistance Levels: $4.4, $4.8Key Support Levels: $3.8, $3.3LINK/USD. Source: TradingViewFollowing...

Bitcoin dropped by a total of 11% over the past week as the cryptocurrency broke beneath previous support at $9,550 and plummetted beneath support at $9,000. It continued to decline until reaching the current support at the 200-days EMA, which is bolstered by the .5 Fib Retracement at around $8,600. The momentum is certainly on the bearish side, and we should continue to expect further declines this week within the market. Once the rising trend line is broken, support is found at the downside...

Litecoin dropped by a steep 15.5% over the past 7-days of trading as it falls to $61.The latest price decline has brought it beneath both the 200-days and 100-days EMAs.Against Bitcoin, Litecoin has also dropped in to support at the 100-days EMA.Key Support & Resistance LevelsLTC/USD:Support: $58, $56.50, $54Resistance: $63, $68, $71LTC/BTC:Support: 0.0067 BTC, 0.0065 BTC, 0.0063 BTC.Resistance: 0.00711 BTC, 0.0074 BTC, 0.0076 BTC.LTC/USD: Litecoin Drops Beneath 100-days EMAThe daily...