Investing

For the past week, Bitcoin SV has been trapped between $200 and $240. Buyers are unable to retest the $260 overhead resistance because of price restriction. The coin is trading above $200 but confined in a price range.

BNB has been making a consistent upward move despite the recent retracements. Interestingly, the crypto has reached another high of $23.50 but the coin is in the overpriced region.

Today, BCH is approaching the high of $330 after its rebound above $290 support. In the August 2nd uptrend, the coin reached a high of $340 but was repelled.

Today, buyers are attempting to break the $60 high and push LTC to higher price levels. These attempts have been ongoing soon after the sudden decline.

Cryptocurrency trading and investment have been gaining significant traction since the outbreak of COVID-19 pandemic. As people found themselves locked down and jobless, seeking for any additional source of income became a pressing need.

Today, Ethereum is trading above $390 at the time of writing. The biggest altcoin has been facing rejection at $400 after the recent decline.

Despite the recent downtrend of Ripple, the crypto has almost recovered from the sudden downturn. On May 2, XRP had earlier plunged from the high of $0.325 to $0.24 low.

Bitcoin is trading in a sideways trend as the price continues to fluctuate above $11,000 but below the $11,500 resistance.

Today, buyers attempted to retest the $60 high but were repelled. Before now, the price has been retesting the resistance soon after LTC fell in value on August 2.