Ethereum – Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – January 29th, 2021 Ethereum rallied by 7.46% on Thursday. Partially reversing a 9.28% slide from Wednesday, Ethereum ended the day at $1,333.61. A mixed start to the day saw Ethereum fall to an early morning intraday low $1,220.08 before making a move. Steering clear of the first major support level at $1,173, Ethereum rallied to a late intraday high $1,363.27. Ethereum broke through the first major resistance… Source link

The speculative frenzy that’s gripped a host of left-for-dead retail stocks spilled into the crypto world Friday, with Bitcoin surging as much as 16%. The digital token rallied overnight after Elon Musk tweeted “#bitcoin” to his legions of followers and day traders were restricted from transacting some of their favorite stocks. It had plunged from a… Source link

Monero, at press time, was overwhelmed by selling pressure in the market and lost the important level of support at $130, while Ontology displayed a bullish divergence and effected a bounce. At the time of writing, it was valued at $0.55 and could climb as high as $0.58. Finally, Dogecoin surged by 90% in the hours before press time, before retracing some of the gains made. Monero [XMR] Source: XMR/USDT on TradingView Monero has been trending lower on the charts since mid-January. The… Source link

Litecoin is currently struggling to gather momentum in the $130 region despite an uptick in other altcoins assets like Ethereum, Aave and Polkadot. It seems to be correlating closely with Bitcoin’s price action, although it did print a lower high at $117 on Wednesday. Litecoin’s chart against its Ethereum trading pair on Binance paints a clearly woeful picture, with it having lost more than 54% of its value since December 26. It is now the eighth largest cryptocurrency by market cap… Source link

Ethereum Ethereum slid by 9.28% on Wednesday. Reversing a 3.79% gain from Tuesday, Ethereum ended the day at $1,240.96. A mixed start to the day saw Ethereum rise to an early morning intraday high $1,375.91 before hitting reverse. Falling short of the first major resistance level at $1,416, Ethereum slid to an early afternoon intraday low $1,206.05. The sell-off saw Ethereum fall through the first major support level at $1,283 before finding support. Steering clear of sub-$1,200 support levels,… Source link

Ethereum rallied by 3.79% on Tuesday. Partially reversing a 5.46% slide from Monday, Ethereum ended the day at $1,367.98. A bullish start to the day saw Ethereum rally to an early morning intraday high $1,378.12 before hitting reverse. Falling short of the first major resistance level at $1,432, Ethereum fell to an early afternoon intraday low $1,245.00. Finding support at the first major support level at $1,249, Ethereum struck a late high $1,375.28 before easing back. At the time of… Source link

Three stories EY’s blockchain lead Paul Brody thinks decentralized finance (DeFi) could be coming to everyday consumers. The EY team usually focuses its attention on enterprise blockchain, but the red-hot fintech market, and its mirror image in DeFi, has caught Brody’s eye. According to his theory, platforms such as Robinhood, PayPal and Square could look to integrate increasingly popular DeFi applications. “If I had to make a bold prediction, I think by the end of 2021 at least one… Source link

Litecoin price has just defended a crucial support level at $121. The digital asset is trading inside a descending triangle pattern on the 12-hour chart.  The TD Sequential indicator has presented a buy signal that can help the bulls. Litecoin has been trading sideways in a consolidation pattern after reaching its 2021 top at $185. LTC bulls are trying to defend a crucial support level and push Litecoin price towards $140. Litecoin price can quickly rise to $140… Source link

Photographer: Nicolas Tucat/AFP/Getty Images Bitcoin dropped below $30,000 for the second time in the past week as the largest cryptocurrency struggles to regain momentum after reaching record highs earlier this month. The digital asset fell as much as 7.9% to $29,499 Wednesday The last time it traded below $30,000 was Jan. 22. It set a record high of $41,981 on Jan. 8.

Bitcoin (BTC) retested the $30,000 support on Jan. 27 as a day of losses culminated in violation of the psychologically significant price level. BTC/USD 1-minute candle chart (Bitstamp). Source: Tradingview BTC price spooks amid GameStop row Data from Cointelegraph Markets and Tradingview showed any bullish momentum left in Bitcoin dissipate on Wednesday after rejection at highs near $33,000. “Another $30,000 retest for #Bitcoin,” Cointelegraph Markets analyst Michaël van de Poppe… Source link