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Tron (TRX) Price Analysis: Bulls Eye Fresh Increase Above $0.074

  • Tron price is recovering and it is showing positive signs above $0.070 against the US Dollar.
  • TRX price is now trading near $0.0720 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $0.0730 on the 4-hours chart (data feed via Bitfinex).
  • The pair could start a major increase if there is a clear break above $0.0730 and $0.0740.

TRON price is showing positive signs above $0.0700 against the US Dollar, similar to bitcoin. TRX price must surpass $0.0730 and $0.0740 to start a steady increase.

Tron Price Analysis

There was a downside extension in tron price below the $0.0750 level against the US Dollar. TRX price even broke the $0.0700 support level and the 55 simple moving average (4-hours).

It traded as low as $0.066 and it is now correcting higher. There was a break above the $0.0700 resistance zone. The price climbed above the 23.6% Fib retracement level of the recent drop from the $0.0830 swing high to $0.0660 low.

It is now trading near $0.0720 and the 55 simple moving average (4-hours). The first major resistance on the upside is near the $0.0740 level. There is also a major bearish trend line forming with resistance near $0.0730 on the 4-hours chart.

The 50% Fib retracement level of the recent drop from the $0.0830 swing high to $0.0660 low is also near $0.0740. A clear upside break above $0.0730 and $0.0740 could open the doors for a sharp increase. The next major resistance is near $0.0800, above which the price could revisit $0.0850.

On the downside, an immediate support is near the $0.0700 level. The next key support is near the $0.0660 level, below which there is a risk of a drop towards the $0.0600 support.

Tron (TRX) Price

Tron (TRX) Price

The chart indicates that TRX price is trading near the $0.0720 zone and the 55 simple moving average (4-hours). Overall, the price could start a major increase if there is a clear break above $0.0730 and $0.0740.

Technical Indicators

4 hours MACD – The MACD for TRX/USD is slowly gaining momentum in the bullish zone.

4 hours RSI – The RSI for TRX/USD is now above the 50 level.

Key Support Levels – $0.0660 and $0.0600.

Key Resistance Levels – $0.0740, $0.0800 and $0.0850.

The post Tron (TRX) Price Analysis: Bulls Eye Fresh Increase Above $0.074 appeared first on Live Bitcoin News.

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Bitcoin Price Analysis: BTC Eyes Further Gains above $42K

  • Bitcoin price started a fresh increase above the $38,000 resistance against the US Dollar.
  • The price is now trading above the $38,000 zone and the 55 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $38,000 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
  • The pair could correct lower, but it is likely to remain well bid near $38,500 and $38,000.

Bitcoin price is trading in a bullish zone above $38,000 against the US Dollar. BTC must surpass $41,500 and $42,000 for more upsides in the near term.

Bitcoin Price Analysis

Bitcoin price formed a base above the $35,000 level and it recently started a fresh increase. BTC broke the $36,500 resistance level to move into a positive zone.

There was a clear break above the $38,500 resistance and the 55 simple moving average (4-hours). There was also a break above a major bearish trend line with resistance near $38,000 on the 4-hours chart of the BTC/USD pair.

The pair even spiked above the $40,000 resistance zone. It traded as high as $41,393 and it is now consolidating gains. The pair corrected lower below the $40,500 level. It is now testing the 23.6% Fib retracement level of the upward move from the $34,678 low to $41,393 high.

The main support is now forming near the $38,000 level. It is close to the 50% Fib retracement level of the upward move from the $34,678 low to $41,393 high.

A downside break below $38,000 could open the doors for a move towards the $37,000 level and the 55 simple moving average (4-hours). On the upside, the price is facing resistance near the $41,000 level. The next key resistance is near the $42,000 level.

A clear break above the $42,000 level could open the doors for more upsides. The next major resistance is near the $45,000 level.

Bitcoin Price

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading well above $38,000 and the 55 simple moving average (4-hours). Overall, the price could correct lower, but it is likely to remain well bid near $38,500 and $38,000.

Technical indicators

4 hours MACD – The MACD is slowly losing momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI is now well above the 50 level.

Key Support Levels – $38,500 and $38,000.

Key Resistance Levels – $41,000, $42,000 and $45,000.

The post Bitcoin Price Analysis: BTC Eyes Further Gains above $42K appeared first on Live Bitcoin News.

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Cardano (ADA) Price Analysis: Key Upsides Break above $1.62 Likely

  • ADA price started a fresh increase after it tested the $1.35 support zone against the US Dollar.
  • The price is now trading just above $1.55 and the 55 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $1.48 on the 4-hours chart (data feed via Bitfinex).
  • The price is rising and it could rise sharply if there is a break above the $1.62 and $1.65 levels.

Cardano price is showing a few positive signs above $1.50 against the US Dollar, similar to bitcoin. ADA price could gain pace if it clears the $1.62 resistance zone.

Cardano Price Analysis

This past week, cardano price saw a steady decline from well above $1.80 against the US Dollar. The ADA/USD pair declined below $1.60 and moved into a short-term bearish zone.

There was also a break below $1.50 and the 55 simple moving average (4-hours). The price traded as low as $1.359 before it started an upside correction. There was a recovery wave above the $1.40 and $1.42 levels. The price climbed above the 23.6% Fib retracement level of the downward move from the $1.89 high to $1.35 low.

There was also a break above a major bearish trend line with resistance near $1.48 on the 4-hours chart. The pair is now trading just above $1.55 and the 55 simple moving average (4-hours).

An immediate resistance on the upside is near the $1.62 level. It is near the 50% Fib retracement level of the downward move from the $1.89 high to $1.35 low. A clear upside break above $1.62 could open the doors for a steady increase in the near term.

The next major resistance is near the $1.70 level. A close above the $1.70 level could open the doors for a steady increase. On the downside, there is a decent support forming near $1.50.

The next key support is near the $1.48 level. Any more losses might call for a move towards the $1.40 support zone.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is clearly trading above $1.50 and the 55 simple moving average (4-hours). Overall, the price is rising and it could rise sharply if there is a break above the $1.62 and $1.65 levels.

Technical Indicators

4 hours MACD – The MACD for ADA/USD is now gaining pace in the bullish zone.

4 hours RSI – The RSI for ADA/USD is now above the 50 level.

Key Support Levels – $1.50 and $1.48.

Key Resistance Levels – $1.62 and $1.70.

The post Cardano (ADA) Price Analysis: Key Upsides Break above $1.62 Likely appeared first on Live Bitcoin News.

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Ethereum Price Analysis: ETH Facing Uphill Task Near $2,650

  • Ethereum price is recovering higher, but it is facing hurdles near $2,650 against the US Dollar.
  • ETH price is now trading above $2,500 and the 55 simple moving average (4-hours).
  • There is a key bearish trend line forming with resistance near $2,650 on the 4-hours chart (data feed from Coinbase).
  • The pair could start a strong increase if there is a clear break above $2,650 and $2,700.

Ethereum price is slowly moving higher above $2,500 against the US Dollar. ETH/USD could either rally above $2,650 or it might start a fresh decline.

Ethereum Price Analysis

Recently, ethereum traded as low as $2,266 before starting an upside correction against the US Dollar. ETH price recovered above the $2,350 and $2,400 resistance levels.

The bulls gained strength and they pushed the price above the $2,500 level. There was also a close above $2,500 and the 55 simple moving average (4-hours). It is now trading near the $2,600 resistance levels. It is also testing the 50% Fib retracement level of the downward move from the $2,888 swing high to $2,266 low.

On the upside, there is a major hurdle forming near $2,650. There is also a key bearish trend line forming with resistance near $2,650 on the 4-hours chart.

The trend line is close to the 61.8% Fib retracement level of the downward move from the $2,888 swing high to $2,266 low. A clear break above the trend line could open the doors for a move above the $2,700 resistance.

The next key resistance is near the $2,800 level, above which the price is likely to aim a test of the $3,000 level in the near term. On the downside, an immediate support is near the $2,500 level and the 55 SMA. The next major support is near the $2,450 level. Any more losses could set the pace for a drop towards the $2,320 support zone in the near term.

Ethereum Price

Ethereum Price

Looking at the chart, Ethereum price is clearly trading nicely above $2,500 and the 55 simple moving average (4-hours). Overall, ether price could start a strong increase if there is a clear break above $2,650 and $2,700.

Technical indicators

4 hours MACD – The MACD for ETH/USD is gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for ETH/USD is now well above the 50 level.

Key Support Levels – $2,500, followed by the $2,450 zone.

Key Resistance Levels – $2,650 and $2,800.

The post Ethereum Price Analysis: ETH Facing Uphill Task Near $2,650 appeared first on Live Bitcoin News.

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Stellar Lumen (XLM) Price Eyes Fresh Increase above $0.36

  • Stellar lumen price extended its decline below the $0.4000 support against the US Dollar.
  • XLM price is now trading below $0.3600 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $0.3600 on the 4-hours chart (data feed via Kraken).
  • The pair is likely to start a steady increase if there is a break above the $0.3600 barrier.

Stellar lumen price is facing hurdles near $0.3600 and $0.3800 against the US Dollar, unlike bitcoin. XLM price could gain pace if it clears the $0.3600 and $0.3800 levels.

Stellar Lumen Price Analysis (XLM to USD)

Recently, stellar lumen price declined steadily below the $0.4500 and $0.4000 levels against the US Dollar. The XLM/USD pair even broke the $0.3500 support level.

It settled well below the $0.4000 level and the 55 simple moving average (4-hours). A low is formed near $0.3000 and the price is now correcting higher. It broke the $0.3200 and $0.3350 resistance levels. There was a break above the 23.6% Fibonacci retracement level of the downward move from the $0.4512 high to $0.3000 low.

It is now trading near the $0.3600 barrier and the 55 simple moving average (4-hours). There is also a major bearish trend line forming with resistance near $0.3600 on the 4-hours chart.

The next key resistance is near the $0.3750 level. It is near the 50% Fibonacci retracement level of the downward move from the $0.4512 high to $0.3000 low. Any more gains could open the doors for a steady increase above the $0.4000 level.

If not, the price could start a fresh decline from $0.3600. An immediate support is near the $0.3200 level. The main support is near $0.3000. Any more losses might call for a drop towards the $0.2650 support zone.

Stellar Lumen (XLM) Price

Stellar Lumen (XLM) Price

The chart indicates that XLM price is clearly trading below $0.3600 and the 55 simple moving average (4-hours). Overall, the price is likely to start a steady increase if there is a break above the $0.3600 barrier.

Technical Indicators

4 hours MACD – The MACD for XLM/USD is slowly losing momentum in the bearish zone.

4 hours RSI – The RSI for XLM/USD is currently above to the 50 level.

Key Support Levels – $0.3200 and $0.3000.

Key Resistance Levels – $0.3600, $0.3750 and $0.4000.

The post Stellar Lumen (XLM) Price Eyes Fresh Increase above $0.36 appeared first on Live Bitcoin News.

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Ripple Price Analysis: Recovery Likely Unless XRP Breaks $0.80

  • Ripple price is trading above the key $0.8000 support zone against the US dollar.
  • The price is now struggling to clear $0.9000 and the 55 simple moving average (4-hours).
  • There was a break above a key bearish trend line with resistance near $0.8600 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
  • The pair could start a major increase unless there is a clear downside break below $0.8000.

Ripple price is trading in a bearish zone below $1.00 against the US Dollar. XRP price could start a decent recovery if it settles above the $0.9000 pivot level.

Ripple Price Analysis

After a failed attempt to settle above $1.0, ripple price started a fresh decline against the US Dollar. The XRP/USD pair broke the $0.92 and $0.90 support levels to move into a bearish zone.

It even settled below the $0.90 level and the 55 simple moving average (4-hours). A low was formed near $0.7922 and the price is now recovering higher. There was a break above the $0.8500 resistance level. Ripple climbed above the 23.6% Fib retracement level of the downward move from the $1.10 swing high to $0.7922 low.

There was also a break above a key bearish trend line with resistance near $0.8600 on the 4-hours chart of the XRP/USD pair. The pair is now struggling to clear $0.9000 and the 55 simple moving average (4-hours).

The next major resistance is near the $0.9460 level. It is near the 50% retracement level of the downward move from the $1.10 swing high to $0.7922 low.

The main hurdle is still near the $1.00 level. A close above $1.00 could pop the price towards the $1.10 resistance zone in the near term. If there is no upside break, the price could correct below $0.850. The main support is near $0.80, below which the bears are likely to aim a larger decline.

Ripple Price

Ripple Price

Looking at the chart, ripple price is clearly facing hurdles near $0.9000 and the 55 simple moving average (4-hours). Overall, the price could start a major increase unless there is a clear downside break below $0.8000.

Technical indicators

4 hours MACD – The MACD for XRP/USD is slowly gaining momentum in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for XRP/USD is just above the 50 level.

Key Support Levels – $0.85, $0.82 and $0.80.

Key Resistance Levels – $0.90 and $1.00.

The post Ripple Price Analysis: Recovery Likely Unless XRP Breaks $0.80 appeared first on Live Bitcoin News.

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Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650

  • Bitcoin cash price is struggling to gain momentum above $650 and $700 against the US Dollar.
  • The price is now trading well below $650 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $650 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
  • The pair could extend its decline unless there is a clear break above $650 and $665.

Bitcoin cash price is struggling to recover above $650 against the US Dollar, similar to bitcoin. BCH/USD remains at a risk of more downsides below $550.

Bitcoin Cash Price Analysis

After facing hurdles near $750, bitcoin cash price started a fresh decline. BCH broke the $650 support level and the 55 simple moving average (4-hours) to move into a bearish zone.

There was also a break below the $600 level. The price traded as low as $545 and it is now correcting higher. There was a break above the $600 level. The price climbed above the 23.6% Fib retracement level of the recent decline from the $736 high to $545 low.

However, it is facing resistance near $635 and $650. It is now trading well below $650 and the 55 simple moving average (4-hours). There is also a major bearish trend line forming with resistance near $650 on the 4-hours chart of the BCH/USD pair.

The trend line and $650 are close to the 55 simple moving average (4-hours). It also coincides with the 50% Fib retracement level of the recent decline from the $736 high to $545 low.

Therefore, a clear break above $650 is must to start a steady increase. The next key resistance is near $665, above which the price could clear $700. An initial support on the downside is near the $580 level. The next major support is near the $550 level, below which bitcoin cash price could dive towards the $500 level.

Bitcoin Cash Price

Bitcoin Cash Price

Looking at the chart, bitcoin cash price is clearly trading well below $650 and the 55 simple moving average (4-hours). Overall, the price is could extend its decline unless there is a clear break above $650 and $665.

Technical indicators

4 hours MACD – The MACD for BCH/USD is now losing pace in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for BCH/USD is just below the 50 level.

Key Support Levels – $550 and $500.

Key Resistance Levels – $650 and $700.

The post Bitcoin Cash Analysis: Remains At Risk Unless It Clears $650 appeared first on Live Bitcoin News.

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EOS Price Analysis: Risk of More Losses Below $4.5

  • EOS started a steady decline from the $7.50 and $7.00 resistance levels against the US Dollar.
  • The price is currently trading well below $6.00 and the 55 simple moving average (4-hours).
  • There is a key declining channel forming with resistance near $5.50 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair must break $5.50 and $6.00 to start a strong increase in the near term.

EOS price is struggling to recover above $6.00 against the US Dollar, unlike bitcoin. The price must clear $6.00 to move into a positive zone.

EOS Price Analysis

After a failed attempt to clear the $8.0 resistance, EOS price started a fresh decline against the US Dollar. The price traded below many supports near $6.00 to move into a bearish zone.

There was also a break below the $5.50 support level and the 55 simple moving average (4-hours). The price traded as low as $4.53 and it is currently correcting higher. There was a break above the $4.80 and $5.00 resistance levels.

The price is now testing the 23.6% Fib retracement level of the recent decline from the $7.70 high to $4.53 low. However, it is facing a lot of hurdles near the $5.50 and $6.00 levels.

There is also a key declining channel forming with resistance near $5.50 on the 4-hours chart of the EOS/USD pair. The next major resistance is near the $6.00 level and the 55 simple moving average (4-hours). The 50% Fib retracement level of the recent decline from the $7.70 high to $4.53 low is also near the $5.10 level.

A clear break above the $5.50 and $6.00 resistance levels could open the doors for a steady increase. If there is an upside break above the $6.00 zone, the price could start a fresh surge towards the $8.00 level.

On the downside, an initial support is near the $5.00 level. The next major support is near the $4.50 level. Any more losses might call for a test of the $3.70 support zone.

EOS Price

EOS Price

Looking at the chart, EOS price is currently trading well below $6.00 and the 55 simple moving average (4-hours). Overall, the price must break $5.50 and $6.00 to start a strong increase in the near term.

Technical indicators

4-hours MACD – The MACD for EOS/USD is still in the bearish zone.

4-hours RSI (Relative Strength Index) – The RSI is struggling to move above the 50 level.

Major Support Levels – $5.00 and $4.50.

Major Resistance Levels – $5.50 and $6.00.

The post EOS Price Analysis: Risk of More Losses Below $4.5 appeared first on Live Bitcoin News.

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Litecoin (LTC) Price Analysis: Facing Uphill Task Near $180

  • Litecoin price started an upside correction from the $145 swing low against the US Dollar.
  • LTC price is still trading well below $180 and the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $182 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair could fail to clear the $180 resistance and start a fresh decline in the near term.

Litecoin price is struggling to clear $180 and $185 against the US Dollar, while bitcoin climbed 10%. LTC price must break $180 to kickstart a strong increase in the near term.

Litecoin Price Analysis

This week, there was another drop in bitcoin, ethereum, ripple, and litecoin against the US Dollar. LTC broke the $155 and $150 support levels. However, it found support near the $145 zone.

Recently, the price started a decent recovery wave from the $145 swing low. It broke the $155 and $165 resistance levels. There was also a break above the 23.6% Fib retracement level of the key decline from the $198 swing high to $145 low.

It is now testing the $172 resistance. The 50% Fib retracement level of the key decline from the $198 swing high to $145 low is also acting as a resistance. Besides, it is still trading well below $180 and the 55 simple moving average (4-hours).

There is also a bearish trend line forming with resistance near $182 on the 4-hours chart of the LTC/USD pair. A clear upside break above the $180 and $182 levels is must for a sustained upward move in the near term. The next major resistance is near the $200 level.

An initial support on the downside is near the $165 level. The next major support could be near the $150 zone. Any more losses might call for a drop towards the $130 level.

Litecoin (LTC) Price

Litecoin (LTC) Price

Looking at the chart, litecoin price is still struggling below $180 and the 55 simple moving average (4-hours). Overall, the price could fail to clear the $180 resistance and start a fresh decline in the near term.

Technical indicators

4 hours MACD – The MACD for LTC/USD is slowly gaining pace in the bullish zone.

4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is now back above the 50 level.

Key Support Levels – $155 and $150.

Key Resistance Levels – $180 and $200.

The post Litecoin (LTC) Price Analysis: Facing Uphill Task Near $180 appeared first on Live Bitcoin News.

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Tron (TRX) Price Analysis: Risk of More Downsides Below $0.062

  • Tron price is trading in a bearish zone below the main $0.0800 resistance against the US Dollar.
  • TRX price is now trading below $0.0750 and the 55 simple moving average (4-hours).
  • There was a break below a key bullish trend line with support near $0.0780 on the 4-hours chart (data feed via Bitfinex).
  • The pair could continue to move down unless there is a clear break above $0.0750 and $0.0850.

TRON price is showing bearish signs below $0.0800 against the US Dollar, similar to bitcoin. TRX price must surpass $0.0750 and $0.0850 to start a steady increase.

Tron Price Analysis

After testing the $0.0575 support zone, tron price started an upside correction against the US Dollar. TRX price recovered above the $0.0650 and $0.0700 resistance levels.

However, the price failed to gain momentum above $0.0840. The bulls made two attempts, but they failed. The recent high was formed near $0.0831 before the price started a fresh decline. It broke the $0.0750 support level and the 55 simple moving average (4-hours).

There was a break below a key bullish trend line with support near $0.0780 on the 4-hours chart. The pair even traded below $0.0700 and it tested the $0.0675. A low is formed near $0.0673 and the price is now consolidating losses.

It is testing the 23.6% Fib retracement level of the recent decline from the $0.0831 swing high to $0.0673 low. The first major resistance on the upside is near the $0.0750 level and the 55 simple moving average (4-hours).

The 50% Fib retracement level of the recent decline from the $0.0831 swing high to $0.0673 low is also near $0.0750. The next major resistance is near $0.0800, above which the price could attempt a key upside break above the $0.0850 level.

On the downside, an immediate support is near the $0.0675 level. The next key support is near the $0.0650 level, below which there is a risk of a drop towards the $0.0550 support.

Tron (TRX) Price

Tron (TRX) Price

The chart indicates that TRX price is trading well below $0.0750 and the 55 simple moving average (4-hours). Overall, the price could continue to move down unless there is a clear break above $0.0750 and $0.0850.

Technical Indicators

4 hours MACD – The MACD for TRX/USD is slowly losing momentum in the bearish zone.

4 hours RSI – The RSI for TRX/USD is now below the 50 level.

Key Support Levels – $0.0650 and $0.0550.

Key Resistance Levels – $0.0750, $0.0800 and $0.0850.

The post Tron (TRX) Price Analysis: Risk of More Downsides Below $0.062 appeared first on Live Bitcoin News.

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