Ethereum Overtakes Litecoin in Market Cap after Continued Upward Trend
On January 23, Ethereum overtook Litecoin for the first time to become the third-largest digital currency when looking at total coin market cap. This is after a two-week period where the Ethereum market cap has grown by more than 80 percent. The price of Ethereum is on an equally steep upward trend, growing more than 300 percent since the beginning of....
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Altcoin prices have stopped at their respective key levels, after moving along upward trends. Such stops could provoke prolonged downward corrections. ETH/USD. Ethereum has continued its upward trend. A turn at a key level of $9.7 did not happen. Thus, Ethereum’s price has formed a powerful upward momentum, reaching the maximum of March. At this point, a flat is forming. For a deeper correction to continue, Ethereum’s price has to exit that flat. The market will decide on the direction of the next wave at the level of $12.9. Either the whole downward movement is a correction toward the....
Different kinds of altcoin trends can be a reason for a flat forming on the USD market. The dollar’s trend has reached its minimal long-term targets. The choice of a new long-term direction is underway as a result. Will the growth continue? Ethereum’s upward trend has ended with a powerful drop. Disrupting the structure of its trend at the level of $19, Ethereum’s price was not able to hold there, for a continued upward movement. The $19 mark was responsible for the structure of the entire upward trend which started at $14. That’s why a turn to decline at that point was able to provoke....
Ethereum and Litecoin trends remain as they were. DASHBTC has reached the bottom limit of the long-term flat, from which it may rebound up. ETH/USD. Ethereum’s price has formed a wave of an upward trend. The choice of direction has happened at the $12.2 resistance line. The following direction was decided at a level that we found earlier. A fortification and a turn have formed at that mark, during the fulfillment of the continued upward trend scenario. Ethereum’s price is fortifying at a key resistance line of $13.4. The future direction is most likely to be decided at that level. If the....
The current upward dynamics on Ethereum and Litecoin markets have the potential to grow into medium-term upward trends. The price of Dash is close to an important long-term level where a long-term upward trend may continue. Ethereum’s price is in a rebound after a continuous fall. This upward movement is natural, because there was no turn in the long-term scope. This rebound can grow into a turn to growth if the upward trend’s structure isn’t disrupted. The level of $7.5 is responsible for the continuation of the downward trend, provided that Ethereum’s price fortifies at it and forms a....
Ethereum continues its upward trend. The structure of the trend was not disrupted at a key level, which resulted in a new upward impulse. The upward trend continues. After a rebound from a medium-term level, Ethereum’s price has continued its upward movement. The power of that impulse is caused by the inablity of the market to form a turn to decline. If that wasn’t the case, a new flat wave would have been likely. But because the structure of the short-term upward trend was not disrupted, a flat is not going to happen. What has followed as a result is a powerful upward impulse. As long as....