Bitcoin Price Holds Above $550 Support
Bitcoin price has halted decline and may have found support at the $555 (Bitstamp) level. The 4-hour candle chart shows that advance is possible, but that a critical watershed for decline remains close-by. Price action has stopped making lower lows – for now – and we’re yet to see a series of higher highs. It’s too early to discard the notion of additional decline since the past day’s upside pattern may only be an upward correction. While we wait for the chart to develop further, let’s consider intermediate trend in the 4hr hour chart. I had mentioned, prior to the drop from $650, that a....
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Litecoin has been consolidating since finding support at 1.32 This consolidation follows a 3-point divergence between price and the RSI. Then, after a failed bearish attempt to test 1.32, price rallied again and rallied up to 1.46 before finding resistance. Litecoin (LTCUSD) 1H Chart April 17. In the 1H chart, we can see that there was resistance around 1.45-1.46, which was a common support from a previous consolidation. As price falls, we should watch what happens around 1.37. If ltcusd breaks below 1.37, it would break below the 100-, and 50-hour simple moving averages (SMAs) and this....
Bitcoin found support at 216 this week and after a 3-point bullish divergence, it started to rally. The 1H chart shows the higher highs and higher lows made since the April 15th session. Note that price crossed above the 100-hour and 50-hour simple moving averages (SMAs). This reflects a loss of some bearish bias, but by no means is an indication of a bullish reversal. The 1H RSI tagged 70 which reflects initiation of some near-term bullish momentum. Bitcoin (BTCUSD) 1H Chart April 17. Now, as bitcoin continues this week's bullish correction, it will meet a key level around 232. This is....
Dogecoin Price Key Highlights. Dogecoin price continued to trade lower and even created a new low to trade near 50.0 Satoshis. 50.0 Satoshis holds a lot of importance in the near term, and might produce a bounce moving ahead. A break below the stated level could ignite a major downside reaction if sellers gain control. Dogecoin price continued to slide, and even cleared the last low of 51.3 Satoshis to trade towards 50.0 Satoshis. Trend Line Support. There was a new low created this past week in the Dogecoin price at 51.3 Satoshis. However, sellers were in control, which took the price....
Ethereum blockchain native’s token ETH expects to reach $750 in the fourth quarter as it holds above a crucial technical support level. On Monday, the ETH/USD exchange rate attempted to breach a short-term ascending trendline for the tenth time since November 26. But bulls held up near the supportive base, raising the pair’s potential to […]
Litecoin falls 1.47 percent to $3.075 after kissing the resistance at $3.130. In the previous Litecoin price technical analysis, we said that Litecoin could leapfrog to higher levels on consistent support from the buyers, but what we have got instead is a bout of profit booking which once pulled down the price to an intraday low of $3.050. But can this decline prove fatal to Litecoin? Will the crucial support of $3.000 be breached? Let us try to find that out by conducting a technical analysis on the daily LTC-USD price chart. Litecoin Chart Structure - As can be seen, the higher top,....