Categories
Crypto News Updates

EOS Price Analysis: $10 Holds The Key For Fresh Rally

  • EOS started a strong increase above the $10.00 and $12.00 resistance levels against the US Dollar.
  • The price is currently trading above the $10.00 zone and the 55 simple moving average (4-hours).
  • Earlier, there was a break above a major declining channel with resistance near $10.80 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair is correcting gains, but it could start a fresh increase as long as it is above $10.00.

EOS price is holding gains above $10.00 against the US Dollar, similar to bitcoin. The price is likely to start a fresh rally if it clears the $12.00 resistance in the near term.

EOS Price Analysis

After forming a base near $6.50, EOS price started a strong rally against the US Dollar. The bulls took control and pushed the price above the $10.00 and $10.50 resistance levels.

It opened the doors for more gains above the $12.00 level. There was also a break above a major declining channel with resistance near $10.80 on the 4-hours chart of the EOS/USD pair. The price even surged towards the $15.00 level and settled nicely above the 55 simple moving average (4-hours).

A new 2021 high was formed near $14.97 before the price started a major decline. There was a sharp decline below the $12.00 support level. The price even spiked below the $10.00 level and the 55 simple moving average (4-hours).

A low is formed near $9.62 and the price is now correcting higher. It is trading nicely above the $10.00 level and the 55 simple moving average (4-hours).

It is testing the 23.6% Fib retracement level of the recent decline from the $14.97 high to $9.64 low. An initial resistance on the upside is near the $11.50 level. The main resistance for a strong increase is now forming near the $12.00 level.

The 50% Fib retracement level of the recent decline from the $14.97 high to $9.64 low is also near the $12.30 level to act as a resistance.

On the downside, the $10.00 level holds the key. The next major support is near the $8.80 level. Any more losses might call for a test of the $6.80 support zone.

EOS Price

EOS Price

Looking at the chart, EOS price is clearly trading nicely above $10.00 and the 55 simple moving average (4-hours). Overall, the price is correcting gains, but it could start a fresh increase as long as it is above $10.00.

Technical indicators

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

4-hours RSI (Relative Strength Index) – The RSI is now close to the 40 level.

Major Support Levels – $10.00 and $8.80.

Major Resistance Levels – $11.50 and $12.00.

The post EOS Price Analysis: $10 Holds The Key For Fresh Rally appeared first on Live Bitcoin News.

Source: Live Bitcoin News

Categories
Crypto News Updates

Litecoin (LTC) Price Analysis: Bulls Could Struggle Near $350

  • Litecoin price started a strong decline below the $350 support against the US Dollar.
  • LTC price is now trading well below the $350 level and the 55 simple moving average (4-hours).
  • There was a break below a major bullish trend line with support near $355 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair is correcting losses, but it is likely to face sellers near $350 and $360.

Litecoin price started a major downside correction from the $400 zone against the US Dollar, similar to bitcoin. LTC price is correcting higher, but the $350 level holds the key.

Litecoin Price Analysis

Recently, there was a sharp decline in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC rallied nicely above the $320 and $350 resistance levels.

The price even broke the $400 barrier and settled above the 55 simple moving average (4-hours). However, the price struggled to stay above the $400 level and it recently started a major decline. There was a break below the $380 and $350 support levels.

There was also a break below a major bullish trend line with support near $355 on the 4-hours chart of the LTC/USD pair. Besides, there was even a break below the $320 level. A low is formed near $296 and the price is now correcting higher.

It is still trading well below the $350 level and the 55 simple moving average (4-hours). There was a break above the 23.6% Fib retracement level of the recent decline from the $395 swing high to $296 swing low.

An immediate resistance on the upside is near the $330 level. The first major resistance is near the $350 level and the 55 simple moving average (4-hours). It is close to the 50% Fib retracement level of the recent decline from the $395 swing high to $296 swing low.

A successful break above the $350 level is must to move back into a positive zone. The next major resistance could be near the $400 level.

If there is no upside break, the price could start a fresh decline. An initial support on the downside is near the $320 level. The next major support could be near the $300 zone. Any more losses might call for a drop towards the $250 pivot level.

Litecoin (LTC) Price

Litecoin (LTC) Price

Looking at the chart, litecoin price is now trading well below $350 the 55 simple moving average (4-hours). Overall, the price is correcting losses, but it is likely to face sellers near $350 and $360.

Technical indicators

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

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

Key Support Levels – $320 and $300.

Key Resistance Levels – $350 and $360.

The post Litecoin (LTC) Price Analysis: Bulls Could Struggle Near $350 appeared first on Live Bitcoin News.

Source: Live Bitcoin News

Categories
Crypto News Updates

Tron (TRX) Price Analysis: Bulls Aim Fresh Rally Above $0.15

  • Tron price found support near $0.1200 and it is now correcting higher against the US Dollar.
  • TRX price is now trading above the $0.1350 support and the 55 simple moving average (4-hours).
  • There was a break above a major bearish trend line with resistance near $0.1400 on the 4-hours chart (data feed via Bitfinex).
  • The pair could extend its rally after there is a clear break above the $0.1500 barrier.

TRON price is showing positive signs above $0.1350 against the US Dollar, similar to bitcoin. TRX price could start a strong increase if there is a break above the $0.1500 level.

Tron Price Analysis

After a failure near $0.1700, there was a bearish reaction in tron price against the US Dollar. TRX price broke the $0.1500 support level and the 55 simple moving average (4-hours).

It even declined below the $0.1300 support level. Finally, the bulls took a stand near the $0.1200 zone. A low was formed near $0.1202 before the pair recovered. It broke the $0.1250 and $0.1300 resistance levels. There was also a break above a major bearish trend line with resistance near $0.1400 on the 4-hours chart.

The pair tested the 50% Fib retracement level of the recent decline from the $0.1702 high to $0.1202 low. It is now trading above the $0.1350 support and the 55 simple moving average (4-hours).

An immediate resistance on the upside is near the $0.1500 level. It is near the 61.8% Fib retracement level of the recent decline from the $0.1702 high to $0.1202 low. A successful upside break above the $0.1500 resistance zone could open the doors for a steady increase.

The next major resistance sits near the $0.1700 level. If not, there could be a fresh decline from $0.1500. An immediate support is near the $0.1400 level and the 55 simple moving average (4-hours). The next key support is near the $0.1350 level, below which there is a risk of a drop towards the $0.1200 support.

Tron (TRX) Price

Tron (TRX) Price

The chart indicates that TRX price is clearly now trading above the $0.1350 support and the 55 simple moving average (4-hours). Overall, the price could extend its rally after there is a clear break above the $0.1500 barrier.

Technical Indicators

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

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

Key Support Levels – $0.1350 and $0.1200.

Key Resistance Levels – $0.1500, $0.1700 and $0.2000.

The post Tron (TRX) Price Analysis: Bulls Aim Fresh Rally Above $0.15 appeared first on Live Bitcoin News.

Source: Live Bitcoin News

Categories
Crypto News Updates

Bitcoin Price Analysis: BTC Eyes Fresh Rally To $60K

  • Bitcoin price started a fresh increase after testing the $54,000 support against the US Dollar.
  • The price is now trading above $55,000, and it is testing the 55 simple moving average (4-hours).
  • There is a key bullish trend line forming with support near $54,800 on the 4-hours chart of the BTC/USD pair (data feed from Coinbase).
  • The pair is likely to start a fresh rally if it clears the $57,500 resistance zone in the near term.

Bitcoin price is attempting an upside break above $57,500 against the US Dollar. BTC must surpass $57,500 and $58,000 to start a strong upward move.

Bitcoin Price Analysis

Bitcoin price struggled to clear the $59,500 resistance zone on a couple of occasions. As a result, there was a bearish reaction below the $58,000 support. The price even declined below the $56,000 support and 55 simple moving average (4-hours).

It found support near the $54,000 zone and it recently started a fresh increase. There was a break above the $55,800 and $56,000 resistance levels.

The bulls cleared the 50% Fib retracement level of the recent decline from the $59,675 swing high to $53,945 low. The price is now trading above $55,000, and it is testing the 55 simple moving average (4-hours).

It seems to be struggling to clear the 61.8% Fib retracement level of the recent decline from the $59,675 swing high to $53,945 low. If there is a clear break above the $57,500 resistance and a close above the 55 simple moving average (4-hours), the price could rally.

The next major hurdle is near the $59,500 level, above which the price is likely to climb higher towards the $60,000 and $62,000 levels.

On the downside, the $56,000 level is a decent support. The main breakdown support is near the $54,500 level. There is also a key bullish trend line forming with support near $54,800 on the 4-hours chart of the BTC/USD pair.

Bitcoin Price

Bitcoin Price

Looking at the chart, bitcoin price is clearly trading above $55,000, and it is testing the 55 simple moving average (4-hours). Overall, the price is likely to start a fresh rally if it clears the $57,500 resistance zone in the near term.

Technical indicators

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

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

Key Support Levels – $56,000 and $54,800.

Key Resistance Levels – $57,500, $59,500 and $60,000.

The post Bitcoin Price Analysis: BTC Eyes Fresh Rally To $60K appeared first on Live Bitcoin News.

Source: Live Bitcoin News

Categories
Crypto News Updates

Cardano (ADA) Price Analysis: Uptrend Intact Above $1.5

  • ADA price started a fresh rally above the $1.500 resistance zone against the US Dollar.
  • The price is now trading well above $1.500 support and the 55 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $1.500 on the 4-hours chart (data feed via Bitfinex).
  • The price could correct further lower, but the bulls are likely to remain active near $1.550 and $1.500.

Cardano price is correcting gains from well above $1.800 against the US Dollar, similar to bitcoin. ADA price could revisit $1.500 before starting a fresh increase.

Cardano Price Analysis

After forming a base above the $1.200 level, cardano price started a fresh rally against the US Dollar. The ADA/USD pair broke the $1.350 and $1.420 resistance levels to move into a positive zone.

It even cleared the $1.500 level and settled above the 55 simple moving average (4-hours). The bulls gained strength and pushed the price above the $1.800 level. ADA traded to a new yearly high near $1.836 before it started a downside correction.

There was a sharp decline below the $1.700 and $1.650 support levels. The price even spiked below the $1.550 support, but the bulls were active above $1.500. It is now trading well above $1.500 support and the 55 simple moving average (4-hours).

A low is formed near $1.528 and the price is recovering losses. It broke the $1.600 resistance level. There was also a break above the 23.6% Fib retracement level of the recent decline from the $1.836 high to $1.528 low.

There is also a major bullish trend line forming with support near $1.500 on the 4-hours chart. On the upside, an initial resistance on the upside is near the $1.680 level. It is near the 50% Fib retracement level of the recent decline from the $1.836 high to $1.528 low.

A clear break above the $1.680 level could start a fresh rally. The main resistance sits near $1.800, above which the price is likely to accelerate higher towards the $2.00 barrier in the near term.

On the downside, an intermediate support could be $1.550. The main support sits at $1.500, below which the price could dive towards the $1.400 level.

Cardano (ADA) Price

Cardano (ADA) Price

The chart indicates that ADA price is clearly trading well above $1.500 support and the 55 simple moving average (4-hours). Overall, the price could correct further lower, but the bulls are likely to remain active near $1.550 and $1.500.

Technical Indicators

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

4 hours RSI – The RSI for ADA/USD is just below the 50 level.

Key Support Levels – $1.550 and $1.500.

Key Resistance Levels – $1.680 and $1.800.

The post Cardano (ADA) Price Analysis: Uptrend Intact Above $1.5 appeared first on Live Bitcoin News.

Source: Live Bitcoin News

Categories
Crypto News Updates

Ethereum Price Analysis: ETH Trims Gains From $4,220, But Dips Limited

  • Ethereum price started a fresh rally above the $4,000 resistance against the US Dollar.
  • ETH price is currently trading well above $3,500 and the 55 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $3,800 on the 4-hours chart (data feed from Coinbase).
  • The pair is correcting gains, but it is likely to find bids near the $3,800 and $3,600 levels.

Ethereum price extended its rally above the $4,000 level against the US Dollar. ETH/USD rallied to $4,226 and it is now correcting gains.

Ethereum Price Analysis

After a proper close above $3,200, ethereum found extended its rally against the US Dollar. ETH broke many hurdles near $3,400 and $3,500 to move into further into a bullish zone.

The price broke the $4,000 barrier and settled well above the 55 simple moving average (4-hours). A new all-time high is formed near $4,226 and the price is now correcting gains. It spiked below the $4,000 and $3,800 support levels.

However, the price remained well bid above the $3,600 level. A low is formed near $3,661 and the price is now recovering losses. It climbed above the 23.6% Fib retracement level of the recent decline from the $4,226 high to $3,661 low.

The price is now trading well above $3,500 and the 55 simple moving average (4-hours). An immediate resistance is near the $3,943 level. It is near the 50% Fib retracement level of the recent decline from the $4,226 high to $3,661 low.

The main resistance is now near the $4,000 level. A successful close above the $4,000 level could trigger another rally. The next major resistance could be near the recent high at $4,226.

On the downside, the $3,800 level is a key support. There is also a major bullish trend line forming with support near $3,800 on the 4-hours chart. If there is a downside break below the trend line, the price could test the $3,600 support. The main support is near the 55 simple moving average (4-hours) at $3,500.

Ethereum Price

Ethereum Price

Looking at the chart, Ethereum price is clearly trading well above the $3,500 level and the 55 simple moving average (4-hours). Overall, ether price is correcting gains, but it is likely to find bids near the $3,800 and $3,600 levels.

Technical indicators

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

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

Key Support Levels – $3,800, followed by the $3,600 zone.

Key Resistance Levels – $4,000 and $4,220.

The post Ethereum Price Analysis: ETH Trims Gains From $4,220, But Dips Limited appeared first on Live Bitcoin News.

Source: Live Bitcoin News

Categories
Crypto News Updates

Ripple Price Analysis: Approaching Next Key Break, $1.50 Holds The Key

  • Ripple price started a steady increase and it tested the $1.75 resistance against the US dollar.
  • The price is now consolidating above $1.50 and close to the 55 simple moving average (4-hours).
  • There is a major bearish trend line forming with resistance near $1.58 on the 4-hours chart of the XRP/USD pair (data source from Bittrex).
  • The pair could start a major increase if there is a clear break above $1.58 and $1.60.

Ripple price is struggling to stay above the $1.50 support against the US Dollar. XRP price is likely to accelerate higher if there is a close above $1.60.

Ripple Price Analysis

After forming a base above $1.350, ripple price started a fresh increase against the US Dollar. The XRP/USD pair broke the $1.50 and $1.60 resistance levels to move back into a positive zone.

It even spiked above the $1.70 level and settled above the 55 simple moving average (4-hours). A high was formed near $1.76 before the price started a downside correction. There was a break below the $1.65 and $1.60 support levels.

The price cleared the 23.6% Fib retracement level of the upward move from the $1.328 swing low the $1.760 high. It is now consolidating above $1.50 and close to the 55 simple moving average (4-hours).

It seems to be stuck near the 50% Fib retracement level of the upward move from the $1.328 swing low the $1.760 high. There is also a major bearish trend line forming with resistance near $1.58 on the 4-hours chart of the XRP/USD pair.

If there is an upside break above the trend line resistance and $1.60, the price could start a fresh increase. An immediate barrier could be $1.70, above which the bulls might aim a break above the $1.75 resistance zone in the near term.

Conversely, the price might correct further lower below $1.52. An initial support is near the $1.50 zone. A downside break below the $1.50 support may possibly call for a drop towards the $1.35 support zone.

Ripple Price

Ripple Price

Looking at the chart, ripple price is clearly consolidating above $1.50 and close to the 55 simple moving average (4-hours). Overall, the price could start a major increase if there is a clear break above $1.58 and $1.60.

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 now close to the 50 level.

Key Support Levels – $1.50, $1.40 and $1.35.

Key Resistance Levels – $1.60 and $1.75.

The post Ripple Price Analysis: Approaching Next Key Break, $1.50 Holds The Key appeared first on Live Bitcoin News.

Source: Live Bitcoin News

Categories
Crypto News Updates

Bitcoin Cash Analysis: Bulls Pump BCH Above $1,500, Dips Supported

  • Bitcoin cash price started a fresh surged above the $1,000 barrier against the US Dollar.
  • The price is now trading well above the $1.200 support level and the 55 simple moving average (4-hours).
  • There is a key rising channel forming with support near $1,360 on the 4-hours chart of the BCH/USD pair (data feed from Coinbase).
  • The pair could correct lower, but dips are likely to remain well bid near the $1,200 level.

Bitcoin cash price rallied over 30% and it broke the $1,500 level against the US Dollar, while bitcoin is stuck in a range. BCH/USD is likely to remain supported near $1,200.

Bitcoin Cash Price Analysis

After breaking the $1,000 resistance zone, bitcoin cash price started a strong rally. BCH broke the $1,200 resistance zone to move further into a bullish zone.

The price spiked above the $1,500 level and traded to a new yearly high at $1,611. It is now trading well above the $1.200 support level and the 55 simple moving average (4-hours). There was a downside correction recently below the $1,500 support.

The price traded below the 23.6% Fib retracement level of the recent increase from the $934 swing low to $1,611 high. On the downside, there is a decent support forming near the $1,350 level.

There is also a key rising channel forming with support near $1,360 on the 4-hours chart of the BCH/USD pair. If there is a downside break, the price could decline towards the $1,275 support. It is close to the 50% Fib retracement level of the recent increase from the $934 swing low to $1,611 high.

Any more losses could lead the price towards the main $1,200 support zone. Conversely, the price clear the $1,500 resistance once again to start a fresh increase. On the upside, the main hurdle is near the $1,600 level, above which the price could rally towards the $1,800 level.

Bitcoin Cash Price

Bitcoin Cash Price

Looking at the chart, bitcoin cash price is clearly trading well above the $1,200 level and the 55 simple moving average (4-hours). Overall, the price could correct lower, but dips are likely to remain well bid near the $1,200 level in the near term.

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 still above the 50 level.

Key Support Levels – $1,350 and $1,200.

Key Resistance Levels – $1,500 and $1,600.

The post Bitcoin Cash Analysis: Bulls Pump BCH Above $1,500, Dips Supported appeared first on Live Bitcoin News.

Source: Live Bitcoin News

Categories
Crypto News Updates

EOS Price Analysis: Upside Break above $10 Seems Likely

  • EOS started a strong increase above the $6.90 and $8.05 resistance levels against the US Dollar.
  • The price is currently trading well above the $8.00 zone and the 55 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $6.95 on the 4-hours chart of the EOS/USD pair (data feed from Coinbase).
  • The pair is accelerating higher, and it could soon clear the $9.50 and $10 resistance levels.

EOS price is gaining pace above $7.50 zone against the US Dollar, similar to bitcoin. The price is likely to rally further it clears the $10 barrier in the near term.

EOS Price Analysis

After forming a base near $4.60, EOS price started a strong increase against the US Dollar. The bulls took control and pushed the price above the $5.50 and $6.00 resistance levels.

It opened the doors for a steady increase above the $7.00 barrier. The price even surged above the $8.50 resistance zone and extended its rally. A high is formed near $9.32 and the price is currently showing a lot of positive zone.

It is currently trading well above the $8.00 zone and the 55 simple moving average (4-hours). An initial support on the downside is near the $8.50 level. It is close to the 23.6% Fib retracement level of the recent rally from the $6.21 swing low to $9.32 high.

The next major support is near the $8.0 level. The 50% Fib retracement level of the recent rally from the $6.21 swing low to $9.32 high is also near the $7.67 level. Any more losses might call for a test of the $7.00 support zone.

Moreover, there is a major bullish trend line forming with support near $6.95 on the 4-hours chart of the EOS/USD pair. On the upside, an immediate resistance is near the $9.45 and $9.50 levels. The next major resistance is near the $10.00 level. A successful close above the $10.00 level could lead the price towards the $12.00 and $12.50 levels.

EOS Price

EOS Price

Looking at the chart, EOS price is clearly trading nicely above $7.50 and the 55 simple moving average (4-hours). Overall, the price is accelerating higher, and it could soon clear the $9.50 and $10 resistance levels.

Technical indicators

4-hours MACD – The MACD for EOS/USD is showing positive signs in the bullish zone.

4-hours RSI (Relative Strength Index) – The RSI is now well above the 65 level.

Major Support Levels – $8.50 and $8.00.

Major Resistance Levels – $9.50 and $10.00.

The post EOS Price Analysis: Upside Break above $10 Seems Likely appeared first on Live Bitcoin News.

Source: Live Bitcoin News

Categories
Crypto News Updates

Litecoin (LTC) Price Analysis: Bulls Remain in Control Above $300

  • Litecoin price started a strong increase above the $300 resistance against the US Dollar.
  • LTC price is now trading well above the $300 level and the 55 simple moving average (4-hours).
  • There is a major bullish trend line forming with support near $300 on the 4-hours chart of the LTC/USD pair (data feed from Coinbase).
  • The pair is correcting gains, but dips are likely to remain well bid above $300.

Litecoin price is gaining pace above the $300 zone against the US Dollar, similar to bitcoin. LTC price is likely to continue higher as long as it is above $300.

Litecoin Price Analysis

This week, there was a decent increase in bitcoin, ethereum, ripple, and litecoin against the US Dollar. Earlier, LTC formed a support base above the $220 and $225 levels.

The bulls came into action and the price started a strong increase above the $250 and $280 levels. There was a clear break above the $300 resistance zone. It is now trading well above the $300 level and the 55 simple moving average (4-hours).

The price gained over 30% and it cleared the $350 resistance zone. A high is formed near $365 and the price is now correcting gains. It traded below the $350 support zone. There was a break below the 23.6% Fib retracement level of the recent rally from the $294 swing low to $365 high.

An immediate support is near the $330 level. It is close to the 50% Fib retracement level of the recent rally from the $294 swing low to $365 high.

The next major support could be near the $300 zone. There is also a major bullish trend line forming with support near $300 on the 4-hours chart of the LTC/USD pair. Any more losses might call for a drop towards the $250 pivot level.

On the upside, the price is facing hurdles near the $355 and $365 levels. The next major resistance is near the $380 level, above which the price is likely to accelerate higher towards the $400 and $420 levels.

Litecoin (LTC) Price

Litecoin (LTC) Price

Looking at the chart, litecoin price is now trading nicely above $300 and the 55 simple moving average (4-hours). Overall, the price is correcting gains, but dips are likely to remain well bid above $300.

Technical indicators

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

4 hours RSI (Relative Strength Index) – The RSI for LTC/USD is still above the 55 level.

Key Support Levels – $330 and $300.

Key Resistance Levels – $365 and $380.

The post Litecoin (LTC) Price Analysis: Bulls Remain in Control Above $300 appeared first on Live Bitcoin News.

Source: Live Bitcoin News