Bitcoin’s bullish momentum saw Litecoin climb in recent hours as well. On the charts, LTC has posted a 15% rise above the $143 lows to trade at $163.9 at press time, which was impressive. Litecoin bulls still have a long way to go before calls for $200+ can materialize. If bulls manage to establish $163Continue reading “For Litecoin, this would be the first step toward recovery”

Cardano formed a base of support at the $1.2 level over the past two weeks and broke past the $1.3 area that had offered the price a lot of resistance recently. This move also saw a longer-term trendline resistance, stretching back to early November, broken. Technical analysis showed ADA to have strong bullish momentum onContinue reading “Cardano breaks its downtrend convincingly, to reach $1.45 but could this be next”

MATIC formed its ATH at $2.7 in May earlier this year. The past couple of days have seen MATIC trade very near the ATH, and climb to $2.73 momentarily as well. A bearish divergence was seen on a lower time frame, and a subsequent dip to $2.57 was readily bought up too. The bullish pressureContinue reading “MATIC going strong, makes it to all-time high; how much further can it climb”

XRP climbed rapidly over the past few days and met with resistance at the $1 mark. $1 was a round number resistance level and an area of supply. Rejection in this area and a retest of the $0.886 level would likely be a buying opportunity, targeting the $1.1 liquidity cluster. However, even though Bitcoin isContinue reading “This indicates XRP may have bottomed out, will it stretch as far as $1.2”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Shiba Inu held the 13th rank on the CoinMarketCap, just behind Dogecoin at 12th. Shiba Inu had a market cap of $19.67 billion. It has been in a downtrend since late October when theContinue reading “Has Shiba Inu begun its recovery, how far can it go”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Crypto Twitter has a lot of funny material and memes, especially when prices slump. One that comes to mind is the application form for a job at McDonald’s if Ethereum faced rejection at theContinue reading “Ethereum can rush past $4000, provided these conditions are met”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice Bitcoin faced some short-term resistance around the $49.4k-level, an area BTC has faced sell pressure at multiple times in the month of December. The recent spike for BTC from $45.5k’s lows set off aContinue reading “Chainlink – Assessing the probability of LINK rallying to $25”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be taken as investment advice The festive season has arrived and retail investors are still debating whether smart money is actively trading or taking the time off, retiring briefly from their trading desks. Regardless, crypto continues to trade 24/7,Continue reading “Ethereum Classic is trading within a range, but here is where the opportunity is”

Cardano formed a series of equal lows at the $1.2 support level. Despite multiple tests of this support, the buyers had not crumbled, and in recent days they were actually able to push prices above a lower timeframe, descending triangle pattern. The price of Cardano has contracted near the $1.2 lows for three weeks now,Continue reading “Cardano shows early signs of halting the downtrend it has been on, since September”

Bitcoin climbed toward the $50k area in the past couple of days. But it has not yet regained a momentum that can propel it past the $53.6k level. Another rejection for Bitcoin could see altcoins like Tron form a lower high and continue to descend. The alt formed a descending wedge pattern but still facedContinue reading “Tron defends crucial support but bulls need to flip this area before…”

Disclaimer: The findings of the following analysis are the sole opinions of the writer and should not be considered investment advice Bitcoin climbed by nearly 8% over the past couple of days, from the lows of $45.6k to $49.3k, before descending slightly to trade at $48.9k at press time. Even so, it remains likely that BitcoinContinue reading “‘Lagging’ Bitcoin Cash could rally soon only if…”

Bitcoin’s bounce from its low timeframe range lows has dragged the market upward in the past couple of days. Avalanche posted a strong recovery from its performance earlier this month when it saw some accumulation occur in the $80 region. Cardano formed a triangle pattern and could begin to move upward, following the market’s trendContinue reading “Cardano, The Sandbox, Avalanche Price Analysis: 21 December”