Ethereum Price Technical Analysis – ETH Relatively Muted
Ethereum price failed to make any major move versus the US Dollar, and remained in a range to post no new low or high. Key Highlights. ETH price remained in a range, and there was no major move against the US Dollar. There is a bullish trend line formed on the hourly chart (data feed via SimpleFX) of ETH/USD, which is currently acting as a support. The price remains at a risk of a break in the short term if the buyers keep failing. Ethereum Price Range. Ethereum price recently traded near $11.91 where sellers appeared and pushed the price down versus the US Dollar. The ETH/USD pair is....
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Litecoin has posted muted gains of 1.12%, in line with Bitcoin. It is currently trading at $4.318. In my previous technical analysis titled Dead Cat Bounce, I mentioned that Litecoin should face resistance near $4.500. The cryptocurrency did reach $4.440 before retreating. Apart from this, the technical indications are highly mixed. Litecoin Chart Structure - There is no significant price action that has taken place in Litecoin. It is broadly a lower top, lower bottom structure, and there is a good probability that it stays that way. Fibonacci Retracements - The 23.6% Fibonacci retracement....
After jumping to a 4-month high of $2.100, Litecoin is consolidating near $2.000 as bulls take a breather while the market participants await a correction. Today's price level of $2.008 is relatively unchanged from yesterday's $2.013 as the cryptocurrency trades in a tight range of $1.980-2.030. However, after a terrible day at work, bears might not make a resounding comeback very soon, so buyers can remain at ease. An analysis of the 240-minute LTC-USD price chart signifies that the muted action in Litecoin will not last for long, and that the breakout from the thin range will most likely....
Litecoin has gone berserk after breaking out of the trading channel post a brief period of sideways consolidation. The price has jumped an earth shattering 59% since yesterday to hit a fresh 2015-high of $3.194. As the cryptocurrency loses some steam, the price has come down to $2.850. Litecoin's latest price action would have killed the bears, or at least made them broke. But now, even with the unprecedented rise in bullish strength, it isn't worth to buy Litecoin when it has attained stratospheric valuation. Technical analysis of the 240-minute LTC-USD price chart conveys that the....
The consolidation in Bitcoin has been prolonged as neither the bulls nor the bears are interested in exerting pressure at the moment. With price action staying muted, these are definitely testing times for the traders who are positioned in this sideways market. Bitcoin is marginally positive from yesterday, rising 0.2% to $235.88. Technical analysis of the 240-minute BTC/USD price chart reveals that even as the cryptocurrency hits the resistance for the third time, the momentum is tilted in favor of the sellers. Bitcoin Chart Structure - The chart above tells that Bitcoin recently made the....
On the lines of Bitcoin, the muted price action in Litecoin has also completed its one week. The cryptocurrency, which until the first of this month was keeping the traders overly busy, has gone flat since. Litecoin is now trading at $3.736, marginally up from yesterday's $3.732. Technical observations of the daily LTC-USD price chart have been given below. Litecoin Chart Structure - It seems like Litecoin is trying to follow through with its downmove in a way similar to its upmove, when it spent a number of days at a certain level and finally broke past it. I know this may be hard to....