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Ripple Price Prediction: XRP/USD Retest $0.23 Support While the Focus Shifts to $0.27

Ripple Price Prediction: XRP/USD Retest $0.23 Support While the Focus Shifts to $0.27

XRP Price Prediction – January 19

Ripple’s short-lived recovery brushes shoulders with $0.24 and upholds the support at $0.23.

XRP/USD Market

Key Levels:

Resistance levels: $0.27, $0.29, $0.31

Support levels: $0.21, $0.19, $0.17

XRPUSD – Daily Chart

Ripple price is slowly declining below key support against USD. XRP/USD price might revisit the $0.220 support before it could start a fresh increase. After struggling to stay above $0.243, Ripple started a slow and steady decline. The coin traded below the key $0.235 support level to move into a short term bearish zone.

Moreover, the pair is currently exchanging hands at $0.232 and any attempt to make it cross below the 9-day moving average may open the doors for more downsides and the price could spike below the $0.210 support level.  However, we should keep an eye on the $0.190 and $0.170 before creating a new bullish trend at the resistance levels of $0.270, $0.290 and $0.310.

Furthermore, we may experience a quick buy once the trade reaches the support at $0.220. And if the price fails to rebound, then a bearish breakout is likely to trigger more selling opportunity for traders, which might cause the price to retest $0.210 and could further drop to $0.190 and $0.170 support levels respectively. The RSI (14) nosedive to level 60. If the price moves downward, XRP may fall more.

When compared with Bitcoin, the Ripple market price is ranging and trading within the channel since December 19. For now, it is trading at 2682 SAT and expecting a break below the moving averages. Looking at the chart, both the bulls and the bears are struggling on who will dominate the market.

XRPBTC – Daily Chart

However, should the market make attempt to fall below the moving averages, the next key supports could be 2500 SAT and below. Meanwhile, on the bullish side, a possible rise could take the market to the resistance level of 2900 SAT and 3000 SAT. According to the RSI (14), the market is indecisive as the price is still moving in sideways.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Ethereum Price Prediction: ETH/USD Struggles At $174 But Bears Might Be Plotting A Comeback

Ethereum Price Prediction: ETH/USD Struggles At $174 But Bears Might Be Plotting A Comeback

ETH Price Prediction – January 19

The price of Ethereum may likely show more bearish signs in the coming week but the bulls seem to be sitting on the sidelines for the moment.

ETH/USD Market

Key Levels:

Resistance levels: $190, $195, $200

Support levels: $150, $145 $140

ETHUSD – Daily Chart

At the moment, ETH/USD is been bitten by the bear. The coin is currently experiencing a price drop and traders were still expecting a lot from the coin, although from January 3 up till yesterday, the coin has reflected an improvement in prices. Actually, both Ethereum and Bitcoin started with a drop today.

In addition, the Ethereum (ETH) price is moving above the 9-day and 21-day moving averages, exchanging hands at $164.70 which is yet to break out above the ascending channel. The continuation of the bearish drop may roll the market down below the moving averages and also to the support levels of $150, $145 and $140.

More so, a possible bullish surge may drive the market to $175 level, testing the upper channel boundary. Above the channel, $190, $195 and $200 may further provide resistance levels for the market. The stochastic RSI is currently sitting within the overbought zone and leaving there could cause the coin to drop below the moving averages.

When compared with BTC, Ethereum (ETH) is currently changing hands at 0.0190 BTC following a heavy bearish moment at the time the market opens today. Looking at the daily chart, the current trend of the coin is perpetually looking bullish in the short-term, moving above the 9-day and 21-day moving averages within the descending channel.

ETHBTC – Daily Chart

Meanwhile, the resistance levels to look for are 0.0205 BTC and 0.0210 BTC while the closest support levels to keep an eye on are 0.0180 BTC and critically 0.1805 BTC. The stochastic RSI is moving within the overbought zone, which could start giving bearish signals in the nearest term.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Bitcoin Price Prediction: BTC/USD Price Cheerfully Touches $9,000; Could This Be A False Breakout?

Bitcoin Price Prediction: BTC/USD Price Cheerfully Touches $9,000; Could This Be A False Breakout?

Bitcoin (BTC) Price Prediction – January 17

BTC/USD breaks the $9,000 resistance but fails to sustain the gains. Meanwhile, a reversal could be necessary for the coin to create fresh interest from the bulls.

BTC/USD Long-term Trend: Bullish (Daily Chart)

Key levels:

Resistance Levels: $9,500, $9,700, $9,900

Support Levels: $8,000, $7,800, $7,600

BTCUSD – Daily Chart

BTC/USD started the year at around $7,228 and now trades at $9,014 as at the time that the market opens today, charting notable increases throughout the entire week. In the past 24 hours alone, the coin has gained another 1.99% to its value, increasing from around $8,696 to about $9,014 from where it retraced a bit and currently trading above the 9-day and 21-day moving averages at $8,887.

Unfortunately, the gains were unsustainable, and Bitcoin succumbed to the pressure. But an extended reversal appears to be imminent, especially with the RSI (14) retreating after touching the level at 70. Bitcoin is currently erasing accrued gains after the price touched $9,014 level. In addition to that, the way the technical indicator is moving reveals that a reversal is underway, although it might not come immediately.

Meanwhile, looking at the daily chart, $8,000, $7,800 and $7,600 still serves as the major support levels. However, if the bulls could put more effort and push the price above the upper boundary of the channel, BTC/USD may see resistance level at $9,200; any further movement could send it to the potential resistance levels of $9,500, $9,700 and $9,900 respectively.

BTC/USD Medium-Term Trend: Bullish (4H Chart)

Looking at the 4-hour chart, Bitcoin’s price is currently trading around $8,906 and above the 9-day and 21-day moving averages after a reversal from $8,838 that occurred in a couple of days ago. Meanwhile, we can see that the bullish supply is becoming heavy in the market while the bears are also trying to bring the price down.

BTCUSD – 4 Hour Chart

Furthermore, if the buyers could strengthen and energize the market more, they can further push the price to a $9,000 resistance level. Therefore, breaking the mentioned resistance may likely allow the bulls to test the $9,100 and above. In other words, the RSI (14) is currently moving around 67-level, but when it turns down; the bears could step back into the market and bring the price to the support level of $8,500 and below.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Ethereum Price Prediction: ETH/USD Recovery Stops at $165, Where to Next?

Ethereum Price Prediction: ETH/USD Recovery Stops at $165, Where to Next?

ETH Price Prediction – January 14

Ethereum price moves to break the $160 resistance level as the coin maintains its upward movement.

ETH/USD Market

Key Levels:

Resistance levels: $180, $185, $190

Support levels: $140, $135 $130

ETHUSD – Daily Chart

ETH/USD is currently trading 15.02% higher on the day following widespread recovery movements across the board. The stubborn selling activity at $143 was smashed this time, allowing Ethereum to jump above $170. However, the trend became unattainable, forcing the bulls to take a step back to the market value at $165.07. The former resistance at $150 is currently working as the immediate support.

However, the technical picture remains positively intact with the RSI (14) facing the overbought territory. The buyers have no choice but to break the $165 barrier. The move will not only allow them to focus on $170 but also it will remove the risk of plunging back to the support at $150. Other key support areas include $140, $135 and $130.

In addition to that, the lower boundary trend line of the ascending channel is in line to offer support if a reversal occurs. On the upside, the on-going trend may move a little bit higher this week, and the coin may likely cross the upper boundary of the channel to re-test the nearest resistance at $170, but if the bulls put more effort, it could hit additional resistance levels at $180, $185 and $190 respectively.

When compared with BTC, although the market price remained in the descending channel since November 19, 2019, currently trading at the level of 1873 SAT and expecting a break out above the channel. Looking at the chart, we can see that the bulls continue to push the price to the north. If the market continues to rise, it may likely reach the resistance level of the 1950 SAT and above.

ETHBTC – Daily Chart

Furthermore, on the downside, a possible drop could bring the market below the moving averages of 9 and 21 days which may visit the support levels of 1650 SAT and 1600 SAT. According to the RSI (14), the market faces an upward trend, which could trigger more bullish signals in the market soon.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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Litecoin Price Prediction: After Defending $48 Crucial Support, LTC/USD Gets Ready for $52

Litecoin Price Prediction: After Defending $48 Crucial Support, LTC/USD Gets Ready for $52

LTC Price Prediction – January 13

LTC/USD may likely settle in a range between $48 and $50 as the stochastic RSI moves in the same direction within the overbought zone.

LTC/USD Market

Key Levels:

Resistance levels: $57, $59, $61

Support levels: $43, $41, $39

LTCUSD – Daily Chart

LTC/USD is still moving below the upper boundary of the ascending channel after a bullish rally failed to materialize. In fact, the cryptocurrency is trading in its tightest two weeks trading band after the bulls took over from the bears. Today, an early trading session towards the $52 level failed to generate sustainable gains, with the LTC/USD pair slipping back under the $50 level.

However, the longer the pair fails to rally from current trading levels, the greater the chance that we may see the cryptocurrency falling below the moving averages. A break below the $45 support level may provoke an even deeper decline towards the $43, $41 and $39 levels. Meanwhile, the short-term technical analysis shows that the $51 and $53 levels are currently the strongest forms of technical support before the $55 level starts to come back into focus.

Moreover, the daily chart reveals that the LTC/USD needs to break the technical region of the $53 level which is above the upper boundary of the ascending channel. Since the 9-day MA is moving above the 21-day MA, the coin may likely reach the resistance levels of $57, $59 and $61. Meanwhile, the stochastic RSI is extremely within the overbought zone, which indicates more bullish signals are in focus.

Against Bitcoin, the daily chart has shown that the bulls are dominating the market with a heavy upsurge as the price moves above the moving averages of 9-day and 21-day. Meanwhile, if the bulls could put more effort to break out of the ascending channel, the key resistance levels lie at 0.0063 BTC and 0.0064 BTC. A further rise may push the price to 0.0066 BTC and above.

LTCBTC – Daily Chart

In other words, for a reversal, the 0.0060 BTC support may likely resurface and if the 0.0060 BTC couldn’t hold the support, the price may further drop to 0.0058 BTC, 0.0056 BTC, and 0.0054 BTC support levels while the stochastic RSI keeps swimming in the overbought zone.

Please note: Insidebitcoins.com is not a financial advisor. Do your research before investing your funds in any financial asset or presented product or event. We are not responsible for your investing results.

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