Jan 17, 2020 at 12:41
Litecoin Surges Ahead, Reaches First Target at $60
Litecoin makes impressive moves and attempts to move out of the oversold area. Unfortunately, LTC reaches its first target price of $60 but struggles to break it. LTC is in a sideways move while the bulls attempt to breach the high of $60.
Jan 17, 2020 at 11:48
Bitcoin Cash in a Tight Consolidation, Chance of Breakout Likely
The bulls are unrelenting after their successful move to $360. In the last three days, BCH has been consolidating near $360 while the bulls attempt to retest the resistance. There is a likelihood of price rise as all the indicators are pointing in one direction.
Jan 16, 2020 at 13:53
Ethereum Upside Momentum Is Picking, but Sellers Are Unrelenting
Expectantly, the bulls have rallied above $148 and $157 to reach $170. However, the bulls fail to maintain the price at the resistance zone because of insufficient buyers at the upper price level. Initially, the price rally was into the previous price range of $160 and $200.
Cryptocurrency Market Booms, Bitcoin Price Moves Towards $9,000 Level
Yesterday, the entire market capitalization of the cryptocurrency industry increased by around 9.5% to approximately $238.112 billion. That was achieved with $165.287 billion daily traded volume, 203% volume increase which hypothetically indicated the outset of the 2020 alt season, and possibly the next bull run. Even though Bitcoin (BTC) price soared with the rest of the industry, it didn’t change as positively as the rest of the major altcoins, so, it managed to decline by more than two points of dominance, and reduced up to almost 66.4 percent.
Ripple Rallies Breaking Key Resistances
Ripple made an unexpected move above the overhead resistance at $0.23. Unfortunately, the bulls failed to hold the price at that level as the coin slumped to the low of $0.22. Sellers are still having the upper hand over buyers. Buyers made their way to the $0.24 price level but were pushed down to the low of $0.22. In a nutshell, XRP will need more buyers at the upper price level.
Bitcoin Cash Fails to Uphold, Ending Uptrend Chance
Unexpectedly, Bitcoin Cash made a surprise upward move to a high of $360. The bulls have successfully penetrated the resistance levels of $200, $240, $270 before they were stopped at $360. There is still the possibility of its continuous move if the momentum is sustained.
Ripple Fluctuates but Unable to Reach Target Price of $0.23
Ripple has repeatedly continued to fluctuate between $0.21 and $0.2250. The price movement has remained constant within the current price range because of the XRP's lack of buyers at a higher price level. This lack of buyers is a major constraint for Ripple. The price movement will not perform any magic until more buyers are introduced into the market.
Litecoin Rallies Sharply, Targets $60 and $70 Price Levels
Surprisingly, the resistance at $50 has been breached putting to an end the price range of $40 and $50. About three days ago, Litecoin shockingly dropped to a low of $44. There were fears that LTC might slide down to the bottom of the chart. Nonetheless, the support holds as the bulls took advantage to retest and penetrate the overhead resistance.
Bitcoin Attempts to Bounce as it Battles $8,200 Resistance
Bitcoin now fluctuates above $8,000 because of its inability to break through the $8,200 resistance. Recently, Bitcoin surged to the high of $8,400 but could not penetrate the resistance as the coin dropped to $7, 800 low. The bulls made another push but were stopped at $8,200. The price tussle is between the low of $8,000 and a high of $8,200.