Ethereum, Litecoin, and Ripple’s XRP – Daily Tech Analysis – August 21st, 2021

Ethereum Ethereum rose by 3.21% on Friday. Following a 5.58% gain on Thursday, Ethereum ended the day at $3,286.58. A mixed start to the day saw Ethereum fall to a mid-morning intraday low $3,178.65 before making a move. Steering clear of the first major support level at $3,034, Ethereum rose to an early afternoon intraday high $3,300.00. Ethereum broke through the first major resistance level at $3,261 to end the day at $3,280 levels. At the time of writing, Ethereum was down by 0.70% to… Source link

Read More »

Ethereum Plunges 85% In Bearish Trade By Investing.com

Ethereum Plunges 85% In Bearish Trade Investing.com – was trading at $469.22 by 00:44 (04:44 GMT) on the Investing.com Index on Saturday, down 85.44% on the day. It was the largest one-day percentage loss ever. The move downwards pushed Ethereum’s market cap down to $383.54B, or 18.31% of the total cryptocurrency market cap. At its highest, Ethereum’s market cap was $479.29B. Ethereum had traded in a range of $469.22 to $3,287.68 in the previous twenty-four hours. Over the past seven… Source link

Read More »

Why Ethereum Classic Is Ready To Break Out Any Day Now

Ethereum Classic (CRYPTO: ETH) is trading higher Friday, as it is moving higher with other popular cryptocurrencies such as Bitcoin (CRYPTO: BTC), Bitcoin Cash (CRYPTO: BCH), Ethereum (CRYPTO: ETH), and Dogecoin (CRYPTO: DOGE). All but five of the 76 tradable assets on Coinbase Global Inc.’s (NASDAQ:COIN) platform are trading higher Friday.  Ethereum Classic was up 2.51% at $67.48 at last check. See Also: How to Buy Ethereum Classic Ethereum… Source link

Read More »

We Got the “Pullback, Rally,” Expect a More Significant Pullback Soon

Last week, see here, I was looking for a smaller degree 4th wave pullback, then a 5th wave rally to complete a larger 1st wave top. Ethereum, aka Ether (ETH), took a slight detour by first rallying to the ideal 161.80% extension for a b-wave and then dropped into this week’s low for what is most likely the c-wave of wave-iv and wave-v (the “Rally”) to ideally $3415-3585 should now be underway. See Figure 1 below. Figure 1. ETH daily chart with EWP count and technical indicators. The… Source link

Read More »

Litecoin Rises More Than 6% In 24 hours

Over the past 24 hours, Litecoin’s (CRYPTO: LTC) price rose 6.38% to $181.44. This continues its positive trend over the past week where it has experienced a 3.0% gain, moving from $176.26 to its current price. As it stands right now, the coin’s all-time high is $410.26. The chart below compares the price movement and volatility for Litecoin over the past 24 hours (left) to its price movement over the past week (right). The gray bands are bollinger… Source link

Read More »

Why Bitcoin, Ethereum, and Dogecoin Are All Soaring Today

What happened Bitcoin (CRYPTO:BTC), Ethereum (CRYPTO:ETH), and Dogecoin (CRYPTO:DOGE) are up 6.82%, 8.16%, and 8.36% in the past 24 hours. As of 10:30 a.m. EDT, they are now trading at $48,518.76 per coin, $3,293.94 per token, and $0.3319 apiece, respectively.  Earlier in the day, Coinbase Global (NASDAQ:COIN), the second-largest cryptocurrency exchange in the world, announced it would be adding $500 million worth of cryptocurrency to its… Source link

Read More »

What is the best-case scenario for Litecoin’s price action

Disclaimer: The findings of the following article are the sole opinions of the writer and should not be taken as investment advice Litecoin has done well to recover from a broadening wedge setup on its chart. Following its decline, buyers re-entered the market around the $160-mark and pulled the price up from its weekly lows. The near-term outlook seemed to be bright once again as key indicators underwent some resets. Moreover, the alt could register sharper gains over the next 24 hours if… Source link

Read More »

Monero price might see a big lift this weekend

Monero (XMRUSD), the privacy coin, has been treading water since August 7, whilst many other coins have been heading higher. Yet, the stalemate between bulls and bears in Monero might be about to end in the next few days. The price is stuck in a so-called ascending triangle pattern. A horizontal resistance line crosses the June 15 and August 16 highs at 285 USD per coin. The XMRUSD spent about five days trying to trade above this level in June, and recently, the same… Source link

Read More »

Bitcoin’s race to $50K heats up as solid institutional backing continues

The crypto market has been surging recently and there’s one cryptocurrency — Bitcoin (BTC) — leading the way. After having suffered through volatility for the better part of the last 60-some days, the flagship crypto has showcased a high level of recovery, even breaking past its 200-day moving average earlier this month, suggesting that a move to the $50,000 psychological barrier may be in the cards soon. To really put things into perspective, over the last month alone, BTC has Source link

Read More »

Bitcoin Cash, Monero, Waves Price Analysis: 20 August

Following Bitcoin and Ethereum’s hikes, altcoins mirrored similar price actions. BCH bounced off the $623.37 support line and eyed touching the $672.68 price ceiling. Monero gained by 5% and finally, Waves prepared to retest its $26.50 resistance level.  Bitcoin Cash [BCH] BCH/USD, TradingView Bitcoin Cash logged gains of 4.4% over the last 24 hours, with the altcoin trading at $656.83 after it bounced off the $623.37 support. Indicators emanated a bullish price signal for BCH. With… Source link

Read More »