Bitcoin Chart Analysis: BTC/USD remains stagnant trading between $9,400 and $9,500

Another decent bullish reversal candlestick was formed on June 17. Unfortunately, Bitcoin hasn’t seen any notable continuation after two bullish reversal candlesticks. Bulls need to hold the daily 26-EMA and encounter a resistance level at the 12-EMA at $9,499. 

Ethereum Market Update: Ethereum loses attractiveness as a means of payment

Ethereum is changing hands at $233.00, mostly unchanged both since the start of Thursday and on a day-to-day basis. ETH/USD touched the low of $218.14 on May 15 and got back above $230.00. The sell-oof stopped on approach to daily SMA50, however, the further recovery is limited at this stage due to Ethereum’s high correlation with Bitcoin.

Litecoin Price Analysis: 43.50 looks like a strong support level

There is a head and shoulders pattern that has emerged on the hourly chart which could send the price lower. But stopping this there is also a stubborn support level at 43.50 which the bears need to crack. To add it the bearish woes the price is also trading below the 55 and 200 moving averages.

(Excerpt) Read more Here | 2020-06-18 13:31:00

Image credit: source


Please enter your comment!
Please enter your name here

This site uses Akismet to reduce spam. Learn how your comment data is processed.