Crypto Price Analysis
Over the last 24 hours the crypto market capitalization fluctuated by almost $40 billion.
To decide if we will have a breakout or whether a short-term reversal is around the corner, let's examine the Bitcoin, ETH, XRP, Cardano, XLM, Bitcoin Cash, LTC and Polkadot.
Video crypto price coverage
XRP/USD
XRP price range for today is $60 cents and $63.5 cents. XRP will be consolidating between those two range.
As long XRP price, doesn't go below $59 cent, XRP is on track to break the $63.5 resistance level
XLM/USD
Currently, XLM appears to maintain a price above the $17.9 cent support level. XLM is consolidating between $18 cents and $19 cents.
ADA/USD
ADA support level for today is $15.2 cents In order for ADA to have a serious breakout. It will need to consolidate between $15 cents and $16 cents
BCH/USD
BCH support level for today is $284. In order for Bitcoin cash to break the resistance level of $300, BCH will need to consolidate between $284 and $297
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ETH/USD
ETH currently trading around $593. Ethereum will need to stay above the support level of $585 to try and break the resistance level of $600. 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 in the last 24 hours, had a drop of almost $900 after failing to break the $19.3k resistance level. It is currently trading below the moving average.
In order for BTC to break the next resistance level $19333, it need to consolidate above $18400 for the next few days.
DOT/USD
Dot has tried in the last 24h to break the $5.5 resistance level but was rejected. DOT is able to strongly stay above the support level price of $5. In order for DOT to break the resistance level, we will need to see some consolidation between $5 and $5.4 before another attempt to break this resistance level.
LTC/USD
Litecoin is currently trying to consolidate between $85 and $90. Failure to maintain this price, might result LTC testing again the next support level of $83.8
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.
