Bitcoin Price Holds Ground But Upsides Turned Attractive To Bears
Bitcoin price is consolidating above the $26,550 level. BTC could correct higher, but upsides might be capped near the $27,400 and $27,500 resistance levels. Bitcoin is finding bids near the $26,550 level. The price is trading below $27,200 and the 100 hourly Simple moving average. There is a key bearish trend line forming with resistance near $26,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair could correct higher, but the bears might remain active near the $27,500 zone. Bitcoin Price Holds Support Bitcoin price started a fresh decline from the $27,500....
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Litecoin price traded near $3.40 this past week. However, it found resistance near the stated level and now looks set for a decline. Intraday Support Level can be $3.22. Intraday Resistance Level may be $3.40. Litecoin price after trading as low as $3.10 found support and recovered a few points to trade near $3.40 where it found bears. There is a bearish trend line formed on the 4-hours (data feed via Kraken), which acted as a hurdle for more upsides and prevented gains around $3.40. There was a lot of selling pressure noted around $3.40 since the 61.8% Fib retracement level of the last....
Key Highlights. After trading in a tiny range this past week, Litecoin prices traded higher, and currently look set for more upsides. A contracting triangle pattern was formed on the hourly chart (price feed from Bitfinex), which was breached to open the doors for buyers to take the price higher. A move back towards the last swing high of $3.80-85 is possible in the short term. After a sharp decline towards $3.20, Litecoin's price found support and is currently positioning itself for more gains. 100 MA (4-hours) as Pivot. This past week, there was a nasty fall in Litecoin'a price that took....