A spike in buy orders around the $7,800 level could allow BTC rebound to $8,600.
The bearish signal estimates a one to four candlesticks correction that could take this cryptocurrency to test the next levels of support that sit around $177, $169, and $157. Everything will depend on Ethereum's ability to move below the $184 support.
If Ethereum is able to gain the $195 level as support, it could try to test the next resistance levels at $207 and $225.XRP. XRP recently reached price levels that have not been seen since 2017 as it moved below $0.22.
Based on a series of support and resistance levels, this cryptocurrency is currently trading within a no-trade zone between $0.24 and $0.30.
Breaking below $0.24 could take this crypto to test the next level of support around $0.198.
Conversely, moving above resistance could trigger a spike in buy orders allowing XRP to hit the next level of resistance that sits around $0.38.
The bullish momentum was not supported by the necessary volume to allow a higher push to the $64 resistance level.
If Litecoin is able to break below the $53 support level it could test the next levels of support around $49 and $44. Nevertheless, a spike in volume with a clear break above $57.70 could take LTC to $64 or even $71.Overall sentiment.
The lack of buying pressure has not allowed Bitcoin, Ethereum, XRP and Litecoin to reach higher price levels.
If volume continues declining and the demand around key support levels is not enough the market could be about to take a downturn into lower lows.
Bitcoin, Etheruem, XRP, and Litecoin could be preparing for a bloody weekend
Udgivet den Oct 11, 2019
by Cryptoslate | Udgivet den Coinage
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