Tag Archives: Price Analysis

Litecoin saw a sharp price decline of around 12% over the past 24 hours and it currently trades at $46.34. LTC is now down by a total of 21% over the past week which is largely a result of Bitcoin dropping by 10% in a day. LTC remains the sixth-largest cryptocurrency with a market cap of $2.96 billion.LTC has plummetted pretty aggressively over the past 24 hours as it dropped below the support at $50 to reach the current support at $46.41. Litecoin has been on a bearish trend since late June...

Binance Coin saw a small price decline of around 0.48% over the past 24 hours and it currently trades at $18.34. However, the cryptocurrency is now down by about 13% over the past week and by 30% over the past 90 days, making it the weakest performing altcoin out of the top 10 projects.Binance Coin is now the eighth-largest cryptocurrency with a market cap of $2.88 billion.Since our previous analysis, BNB rolled over at the resistance provided by the 200-days EMA and started to fall. It...

BitcoinThis week the trend is clearly bearish. Bitcoin price lost support at $8,500 and it corrected to the area around $8,000. If support here fails, the price could continue going down to $7,450. The attempts to break up from the downward trend should also be considered. The resistance is at $8,200. Previously, the support line that we marked in October was broken and it was quite sharp. The targets are based on previous breakouts of this trend.EthereumAgainst the USD, ETH lost support at...

TRX saw a small decrease of around 1.44% over the past 24 hours and it currently trades at $0.019. Despite this, it saw a successful month as the coin managed to surge by a total of 25%TRX remains the eleventh-largest cryptocurrency with a market cap of $1.28 billion.Looking at the TRX/USD 1-Day Chart:Since our last analysis, TRX surged higher above $0.0208 but ran into immediate resistance at $0.02206 which is provided by a long term bearish .382 Fibonacci Retracement level. After reaching...

Photo: QuoteInspectorDmitriy Gurkovskiy, a senior analyst at foreign exchange broker RoboForex, shares his insights into the future scenarios for Bitcoin price movement as well as possible price swings of major altcoins.To confirm the development of the uptrend, the bulls must secure above $9800. Meanwhile, the current levels look like good support, from where the quotations are expected to bounce upwards. The EOS and TRX are ready to resume their growth quite soon. What is more, on D1 of...

Binance Coin saw a notable increase of around 4.5% over the past 24 hours and it currently trades at $21.26. This caused BNB to be the best performing top-10 altcoin over the past 24 hours. BNB is also up 16.25% over the past month. Binance Coin remains the seventh-largest cryptocurrency with a market cap of $3.30 billion.Since our previous BNB analysis, Binance Coin finally climbed above the resistance at $21.04 which is provided by the 100-days EMA. BNB now faces immediate resistance at the...

BitcoinThe support at $9,000 failed and the price now hovers around the area at $8,600. The downward trend is something that a lot of analysts think will continue. The resistance around $8,900 is where the most recent breakout attempt came. It’s also important to consider the level the price could dip to if the 50MA is breached.EthereumAgainst the USD, the volume is increasing and support is around $180 on the 50MA line. If it’s breached, the next support can be expected at $170. Resistance...

Binance Coin saw a slight decrease of around 1% over the past 24 hours and it currently trades at $20.31. Despite the recent decline, BNB is still up by a total of 21% over the past two weeks and a 60% increase over the past 30 days. The cryptocurrency struggles despite the constant announcements that come from Binance. In fact, just recently, the CEO of the exchange, Changpeng Zhao, shared a tweet that outlines the accomplishments of the company in the past 24 hours alone.1/2 The $BNB...

BitcoinOn the daily chart, Bitcoin’s price was maintained by the support in the range of the 200MA which is forming around $9100. It’s fragile and it could lose altitude down to the $8600 area. Resistance in this range is at around $9600 and it seems stable. However, it should be accounted for the fact that the market is in a volatile period and it’s not advisable to hold Stop-Loss orders these days.EthereumAgainst the USD, ETH failed to break the resistance at $190 and the price was...

Stellar saw a sharp increase of around 18% over the past 24 hours and it currently trades at $0.0811. This price increase comes after Stellar announced that they will be burning over half of their tokens. The Stellar foundation now controls around 30 billion XLM which is divided into a few buckets. 12 billion of it is in their direct development fund which is intended to support the organization.  Stellar is up by a total of 22.53% over the past 7 days and 28% over the past 30 days. Stellar...