Tag Archives: Price Analysis

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...

Tezos saw a small bounce after testing a key support area across major trading pairs.If XTZ can gain momentum above immediate resistance, a short-term bullish move is expected to kick.The bearish pressure may resume if the current support fails to hold.XTZ/USD: Tezos Struggles At Resistance, Can It Break Above $3Key Resistance Levels: $3.6, 4, $4.2Key Support Levels: $2.9, $2.55, $2XTZ/USD. Source: TradingViewAs per our previous XTZ analysis, the cryptocurrency began another downward move...

BNB is under strong bearish watch across trading pairs, but it may halt at key demand areas.Despite the considerable price dumps, BNB remains the 9th largest cryptocurrency in terms of market cap.If BNB fails to bounce back at immediate support, a big sell action can be expected.BNB/USD: BNB Signaled Mid-Term Bearish After Breaching Crucial Support Key Resistance Levels: $21.5, $23Key Support Levels: $18.3, $17BNB/USD. Source: TradingViewThe last three days caused a lot of panic selling for...

The bearish scenario is likely to end shortly at 7-weeks rising trend line on the 4-hours chartAfter facing rejection at the 7-month high, LINK/USD fell and started downward correctionLink loses momentum after witnessing a low trading volumeLINK/USD: Chainlink Flaunted Short-Term Reversal With Double-Top Pattern, Nearing Key Rebound LevelKey Resistance Levels: $3.8 $4.4, $4.8Key Support Levels: $3.3, $3, $2.8LINK/USD. Source: TradingViewSince Chainlink turned away at the 7-month high of...

Despite the latest price drops, Tezos continued to hold the 10th position in terms of market cap.XTZ pairs keep showing weakness as bears charge toward key support levels.Tezos broke down from a strong bullish area after losing 9%.XTZ/USD: Tezos Prepares For Huge Drop Following Wedge BreakdownKey Resistance Levels: $3.6, 3.9, $4.2Key Support Levels: $2.9, $2.55, $2XTZ/USD. Source: TradingViewSince our previous price analysis, Tezos has shown a lot of weakness after a failed attempt to conquer...

BitcoinBitcoin witnessed a turbulent week after dropping by a total of 5.5% to bring the cryptocurrency back beneath $10,000. During the sell-off, Bitcoin fell beneath the previous rising price channel but has managed to rebound at support at $9,552, provided by a short term .236 Fib Retracement.Looking ahead, if the buyers push higher, resistance lies at $9,800 and $10,000. Above this, strong resistance is expected at $10,430 (2020 high) and $10,700 (1.414 Fib Extension). On the other side,...

Chainlink has seen a strong 52% price increase over the past fortnight as it reaches $4.29.The cryptocurrency was unable to overcome the 2019 high at $4.81, causing it to roll over and fall by around 10% this week.Against Bitcoin, LINK has been clocking fresh ATH’s as it reaches as high as 0.00049 BTCKey Support & Resistance LevelsLINK/USD:Support: $4.81, $5.00, $5.43.Resistance: $4.14, $3.75, $3.21.LINK/BTC:Support: 0.000428 BTC, 0.000392 BTC, and 0.000367 BTC.Resistance: 0.00046 BTC,...

Tezos remains the 10th largest cryptocurrency by market cap following its rally during the last few weeks.Triangle breakout signals a recent price increase for Tezos across trading pairs.Technical MACD is bullish as XTZ reclaims important resistances on the way up.XTZ/USD: Tezos Set For New Rally After Breaking Monthly HighKey Resistance Levels: $4, $4.2, $4.5Key Support Levels: $3.4, $3, $2.7XTZ/USD. Source: TradingViewTezos is on the move again. After losing 10% during a three days...

NEO recovered 7% losses overnight following an increased volume from the bull’s sides.Technical indicators continue to flag bullish despite price drops over past daysAgainst Bitcoin, NEO price remains inside wedge boundary as more gains seem underwayNEO/USD: NEO Bounces Back After Testing Key SupportKey Resistance Levels: $16.7, $18Key Support Levels: $13.4, $10.5NEO/USD. Source: TradingViewDuring the last three days, a correction caused a lot of panic amongst traders, following the massive...

Tron rolled back beneath the key support of $0.023 after losing 14% in a day.It’s now breaking down from a rising channel to signal a major price correction.TRX nosedived after marking 4-month high against Bitcoin.TRON seems to be on a downhill journey throughout the past 24 hours. Interestingly enough, this takes place a day after they announced that the popular blockchain-based social media Steemit would be joining the TRON network. Unfortunately, the cryptocurrency retraced substantially...