Crypto Price Analysis
Over the last 24 hours the crypto market capitalization fluctuated by almost $10 billion.
To decide if we will have a breakout or whether a short-term reversal is around the corner for this weekend, let's examine Bitcoin, ETH, XRP, Cardano, XLM, Bitcoin Cash, LTC, REN and Compound.
Video crypto price coverage
XRP/USD
XRP price range for the weekend is $57 cents and $65 cents. XRP will be consolidating between those two range.
As long XRP price, doesn't go below $57 cent, XRP is on track to break the $65 resistance level.
REN/USD
Currently, REN appears to maintain a price above the $30 cents support level. Ren is consolidating between $30 cents and $40 cents.
ADA/USD
ADA support level for the weekend is $13 cents In order for ADA to have a serious breakout above $17 cents. It will need to consolidate between $14 cents and $15 cents.
BCH/USD
BCH support level for the weekend is $257. In order for Bitcoin cash to break the resistance level of $320, BCH will need to consolidate between $295 and $305
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ETH/USD
ETH currently trading around $607. Ethereum will need to stay above the support level of $599. In case of a sell off it might retouch again $584 to try and break the resistance level of $618. As long as ETH is able to maintain a price range between $584 and $600, it is on track to reach $650.
BTC/USD
Bitcoin is currently trading at $19315. The support level for BTC during the weekend is $18400.
In order for BTC to break the next resistance level $19853, it need to consolidate between $18400- $19000 for the next few days.
COMP/USD
COMP support level for the weekend is $130. In order for COMP to break $145 resistance level. We will need to see some consolidation between $130-$135 before another attempt to break this resistance level.
LTC/USD
Litecoin is currently trying to consolidate between $87 and $92 during the weekend. Failure to maintain this price, might result LTC testing again the next support level of $83.8.
LINK/USD
Link is currently trading at $13.7. The support level for LINK during weekend is $12. In order for LINK to break the resistance level of $15, LINK will need to consolidate between $14-$14.5.
The viewpoints and opinions expressed here are solely those of the author and do not necessarily represent the views of Cryptostec. Any investment and trade move involves risk. When you make a decision, you can do your own analysis.
