EOS price climbed to a new multi-week high at $3.950 before correcting lower against the US Dollar.The price corrected lower below $3.5501 and even spiked below the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $3.150 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).The pair is likely to start a fresh increase as long as it is above $3.200 and $3.150.EOS price is correcting gains from the monthly high against the US Dollar,...
Read More »Litecoin (LTC) Price Analysis: Support Turned Resistance At $65
Litecoin price started a major downside correction from the $69.00 swing high against the US Dollar.LTC price is currently holding the key $60.00 support zone and the 55 simple moving average (4-hours).There was a break below a key bullish trend line with support near $62.10 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair could rise again, but the bulls need to clear the $65.00 resistance for a sustained upward move.Litecoin price is holding a couple of important...
Read More »Tron (TRX) Price Analysis: Trimming Gains, But Uptrend Intact Above $0.025
Tron price jumped more than 25% and climbed towards the $0.0325 level against the US Dollar.TRX price traded as high as $0.0325 and recently started a downside correction wave.There is a key bullish trend line forming with support near $0.0260 on the 4-hours chart (data feed via Bitfinex).The pair is likely to bounce back above $0.0280 as long as it is trading above the $0.0250 support.TRON price is currently correcting gains from highs against the US Dollar, similar to bitcoin. TRX price...
Read More »Bitcoin Price Analysis: BTC Correcting Gains, Key Support Nearby
Bitcoin price started a downside correction after it topped near the $12,489 level.The price is declining and it is trading below the $12,000 level and the 55 SMA (H4).There is a crucial bullish trend line forming with support near $11,640 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).The pair must stay above the $11,640 and $11,400 support levels to start a fresh increase.Bitcoin price is currently correcting lower from the $12,500 barrier against the US Dollar. However,...
Read More »Cardano (ADA) Price Analysis: Bullish Pattern Suggests Sharp Increase
ADA price is trading in a positive zone above the $0.1320 support against the US Dollar.The price is currently struggling near $0.1450, but it is well above the 55 simple moving average (4-hours).There is a key rising channel forming with support near $0.1380 on the 4-hours chart (data feed via Kraken).The price is likely to accelerate higher if there is a clear break above the $0.1450 resistance zone.Cardano price is slowly gaining pace above the $0.1400 level against the US Dollar, similar...
Read More »Ethereum Price Analysis: ETH Eyeing More Upsides Above $450
Ethereum price remained in a positive zone and climbed towards $450 against the US Dollar.ETH price is currently consolidating gains above the $412 and $410 support levels.There is a crucial bullish trend line forming with support near $402 on the 4-hours chart (data feed from Coinbase).The pair is likely to climb further above the $450 resistance as long as it is above $400.Ethereum price is currently following a nice uptrend above $400 against the US Dollar. ETH/USD might start another...
Read More »Stellar Lumen (XLM) Price Approaching Next Crucial Breakout
Stellar lumen price is currently trading in a positive zone above $0.1100 against the US Dollar.XLM price traded as high as $0.1160 and it is well above the 55 simple moving average (4-hours).There is a major bullish trend line forming with support near $0.1080 on the 4-hours chart (data feed via Kraken).The pair could continue to rise above $0.1180 as long as it is above the $0.1000 support zone.Stellar lumen price is currently gaining pace above $0.1100 against the US Dollar, similar to...
Read More »Ripple Price Analysis: Bullish Break Above $0.31 Seems Likely
Ripple price is trading nicely above the $0.2900 support zone against the US dollar.The price is currently consolidating below the $0.3080 and $0.3100 resistance levels.There was a break above a major declining channel with resistance near $0.2965 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).The pair is likely to resume its upward move once it clears the $0.3080 and $0.3100 resistance levels.Ripple price is trading in a positive zone above $0.2900 against the US Dollar....
Read More »Bitcoin Cash Analysis: Fresh Increase Likely If It Clears $310
Bitcoin cash price is holding ground above the main $270 breakdown support against the US Dollar.The price is currently testing the $292 resistance zone and the 55 simple moving average (4-hours).There was a break above a connecting bearish trend line with resistance near $290 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).The pair is likely to start a fresh increase if it clears $300 and $310 in the near term.Bitcoin cash price is slowly rising towards the $300 barrier...
Read More »Litecoin (LTC) Price Analysis: Bulls Aiming Bullish Break Above $60
Litecoin price found support near the $52.00 level and remained well bid against the US Dollar.LTC price is currently rising above the $55.00 level and testing the 55 simple moving average (4-hours).There is a major declining channel forming with resistance near $57.50 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).The pair is likely to accelerate higher if it clears the $58.00 and $60.00 resistance levels in the near term.Litecoin price is trading in a positive zone above...
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