9.5 C
New York
Sunday, April 18, 2021
spot_img

These Coins Will Explode

#Crypto #Cryptocurrency #BTC #ETH #BCH #LTC #ADA #XRP #EOS

In the past 2-3 sessions, there were mostly range moves in bitcoin price below USD 23,200. BTC remained well bid above the USD 22,500 and USD 22,200 support levels. The price is currently (05:00 UTC) consolidating, but it could start a fresh increase if it clears USD 23,200.

Similarly, most major altcoins are consolidating gains, including ethereum, XRP, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH/USD is trading above the USD 640 support, but it is struggling to gain momentum above USD 660. XRP/USD settled between the USD 0.600 and USD 0.550 levels. Litecoin is stable above USD 105.00 and struggling to clear USD 112.00.

Bitcoin price

After a failed attempt to clear USD 23,200, bitcoin price started trading in a range. BTC declined below USD 23,000, but it stayed above the USD 22,500 support. The main breakdown support is forming near the USD 22,200 level, below which the price could correct heavily towards the USD 21,500 and USD 21,100 levels.
On the upside, an initial resistance is near the USD 23,000 level. The first key resistance is near the USD 23,200 level. A clear break above USD 23,200 might lift the price towards USD 23,500 and USD 23,800.

Ethereum price

Ethereum price is trading above the USD 640 and USD 630 support levels. Having said that, ETH seems to be facing a strong selling interest near the USD 660 level. A clear close above USD 660 is a must for a sustained upward move towards the USD 675 and USD 680 levels.
On the downside, the price might remain well bid near USD 640 and USD 630. The next key support is near the USD 620 level.

Bitcoin cash, litecoin and XRP price

Bitcoin cash price is consolidating above the USD 310 support levels. The main barrier on the upside is near the USD 330 level. A successful close above USD 330 might open the doors for a steady increase towards the USD 350 and USD 365 levels. Conversely, the price might revisit the USD 300 support zone.
Litecoin (LTC) outperformed bitcoin and ether in the past few hours, as it gained over 10%. LTC is trading with a bullish angle above the USD 105.00 level. However, the bulls seem to be facing a strong fight near the USD 112.00 level. A clear break above USD 112.00 might call for a sharp increase.
XRP price failed to stay above the USD 0.600 support zone. The price is currently trading above the USD 0.580 level, with a major support at USD 0.565. The key breakdown support is no

Other altcoins market today

In the past few hours, a few altcoins gained traction, including XEM, CEL, AVAX, LSK, ZRX, DASH, and YFI. Conversely, DOT, KSM, XTZ, BAND, and RUNE faced an increase in selling pressure.

To sum up, bitcoin price is facing a couple of hurdles near USD 23,200. If BTC overcomes USD 23,200, it could restart its rally and revisit the USD 23,700 zone in the near term.

The Lucky Club

Join now to earn passive income generated from your crypto assets and our Fintech

The Decentralized Finance (DeFi) movement has been at the forefront of innovation in the blockchain space. Decentralized finance is a cutting edge form of finance that does not rely on central financial intermediaries such as brokerages, exchanges, or banks, and instead utilizes smart contracts on blockchains.

DeFi is a concept that crypto entrepreneurs can recreate traditional financial instruments in a decentralized architecture, outside of companies’ and governments’ control and subsequently generate returns previously only available to banks.

HEFFXhttp://www.heffx.com
HEFFX has become one of Asia’s leading financial services companies with interests in Publishing, Private Equity, Capital Markets, Mining, Retail, Transport and Agriculture that span every continent of the world. Our clearing partners have unprecedented experience in Equities, Options, Forex and Commodities brokering, banking, physical metals dealing, floor brokering and trading.

Related Articles

Stay Connected

15,334FansLike
43,300FollowersFollow
2,855SubscribersSubscribe
- Advertisement -spot_img

Latest Articles