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Home / Altcoins / Top Cryptocurrencies Price Analysis: Bitcoin, Ethereum, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA

Top Cryptocurrencies Price Analysis: Bitcoin, Ethereum, XRP, LTC, BCH, EOS, BNB, BSV, XLM, ADA

The cryptocurrency market is very uncertain and everyone wants to gain so much profit in very little time. People think that the gaining profit in the cryptocurrency market is easy and they don’t actually understand the risks of the market. There are very few traders or investors who actually know and understand the risks in the market in bullish surge and in bearish trends. The retailer traders can be very easily manipulated by the market’s movement.

A report conducted by the managing director of global market strategy at JP Morgan Chase, Nikolaos Panigirtzoglou concluded and raises the issue of the involvement of the institutional interest in the virtual currencies. But, there was no involvement of any institutions at the time of the current bullish market. The report displayed that the institutional traders are actually interested in the cryptocurrency market investment and it might even be increased after the introduction of Bakkt platform in the market.

An interdealer broker TP ICAP, based in United is now providing services to their users to invest in Bitcoin futures provided by Chicago Mercantile Exchange. The TP ICAP head of digital asset market, Duncan Trenholme, feels that the new technology “could disrupt or impact other asset classes,” and because of this, their firm “want to be close to the developments.”

Bitcoin (BTC/USD): Bitcoin has successfully crossed the mark of $9,000. Currently, it is trading at the value of $9,234.37 USD with an increase of 0.13% in its value. The market capitalization of the currency is $164,053,613,760 USD and the 24-hour volume of the currency is $16,114,800,586 USD. The circulating supply of the currency is 17,765,550 BTC.

The value of Bitcoin is created head and shoulder pattern. The BTC/USD pair value is also uprising and the RSI indicator of the currency is oversold. The experts are predicting that the BTC’s next resistance next to cross is $10,000 and they are expecting BTC to have correction near $10k mark. And if the momentum remains with bull then the bitcoin could achieve $12k value.

Ethereum (ETH/USD): Ethereum is second number ranking crypto in the cryptocurrency market and it is currently trading at the value of $269.70 USD with the decrease of -0.94% in its value. The market capitalization of the currency is $28,733,607,921 USD and the 24-hour volume of the currency is $6,007,965,412 USD. From the previous 2 days, the value of the ETH is ranging between $225 to $280 USD. Instead of the slight bearish trend, both moving averages are increasing and RSI is also positive. If the ETH will cross the resistance of $280 then the ETH value will reach up to $322.06 and even above up to $335. On the other hand if then bearish become powerful and the price goes down then it will reach up to $225.39 level.

Ripple (XRP/USD): Ripple is currently trading at the value of $0.437815 USD and its value is increased by 1.22%. The market capitalization of the currency is $18,607,980,036 USD and the 24-hour volume of the currency is $2,341,045,237 USD.

It is trading in the symmetrical triangle. The breakout from the triangle will tell the movement of the currency. The resistance might be the values of $0.45 to $0.47. The moving averages and RSI are both in the positive region. If the value of $0.45 is crossed then the next target will be $0.57 and further the value of the $0.6250 will be the resistance value of the currency. If the bearish trend will overpower the currency then the currency’s value will be decreased up to $0.35660 and it could even lose the position of $0.37.

Litecoin (LTC/USD): The currency is currently trading at the value of $131.78 USD and its value is decreased by -3.14%. The market capitalization of the currency is $8,207,164,498 USD and the 24-hour volume of the currency is $3,238,066,571 USD.  The value of the currency is experiencing the bearish trend right now, but the currency was in the bullish movement yesterday.

The currency was struggling to push the value above the mark of $140 for a long time. The currency’s main resistance level is $140 and then the further resistance level of the LTC/USD lies at the value of $158.91 USD. And if this value is crossed then it could easily reach up to the value of $184.7940.

On the other hand, if the breakdown happens at the 20 days EMA then it could further decrease at the 50 days EMA. Then the value trend of the currency becomes negative.

BCH/USD: Currently, BCH is trading at the value of $418.60 USD and its value is decreased by -3.73%. The market capitalization of the currency is at $7,469,607,913 USD and the 24-hour volume of the currency is $1,563,988,905 USD. The 20 days EMA has turned up again and the 50 days EMA is also sliding down and bulls don’t have much do in the short period. BCH can cross the value of $481.99 only if the BCH first retest its value around the value of $450. If this could be achieved by BCH then only the 20 days EMA and 50 days EMA can be corrected. And if the price goes down then it will reach up to $360 and it the bear pressure become strengthen then it will go further down up to $280.

EOS/USD: Currently, it is trading at a value of $6.97 USD with the loss of -1.97%. The market capitalization of the currency is $6,407,172,358 USD and the 24-hour volume of the currency is $1,863,332,344 USD. Currently, it is in the bearish zone, but yesterday the RSI was positive and the 20 days EMA is going upside. If the bulls move comes in then the price could reach up to $8.6503.

On the other hand, if the breakdown happens at the main support level of $6.8 then the price could touch the value of $4.4930. The investors can stop loss at the value of $5.80 and can save their long positions.

BNB/USD: Finance is trading at the value of $34.79 and its value is increased by 4.61%. The market capitalization of the currency is $4,911,950,422 USD and the 24-hour volume of the currency is $485,180,080 USD. Clearly, the BNB is in the bullish movement and the value is hovering between the ranges of $28 to $38 USD.

BNB value’s main resistance is at the value of $38.6463356, and the graph and the movement of the currency are in bullish movement. The next bullish value of the currency is at the value of $46.1645899. And if the bearish correction happens then the value could reach up to $28.

BSV/USD: BSV is currently trading at the value of $224.60 USD and it decreases by -1.43%.The market capitalization of the currency is $4,007,327,086 USD and the 24-hour volume of the currency is $456,672,020 USD. The value of the currency could break the resistance level of $237, and then the value of $254 will be easy to reach.

But, currently, the currency is in a bearish trend. The experts are predicting that if it could achieve the value of $254 then the next target will be $307.789 and further it could reach up to $340.248.

On the other hand, if the bearish trend overcomes the bullish trends and it fails to reach up to $254 then the value of BSV might stay range bound.

XLM/USD:  Currently, the currency is trading at the value of $0.127029 USD and its value of -1.88%. The currency is struggling to rebound above the downside line of the decreasing triangle. The RSI indicator is just overhead 50 and balanced between bulls and bearish trend.

The pair of XLM/USD could reach above the level of $0.14861760 and the main resistance of the currency. If this could break this main resistance then the inverse head and shoulder pattern could be formed. Then the value will reach up to $0.22466773 and if the bearish trend will overpower then it will reach down up to $0.1120.

ADA/USD: The currency is trading at the value of $0.090223 USD and its value is decreasing by -3.11%. Currently, it is trading bearishly in the market. It is forming a doji candlestick pattern in the period of the previous 3 days. The value of the currency is hovering between 20 days EMA and $0.10 and the RSI is just overhead 50.

If the value of the currency could push the bulls above $0.10, then it will complete the rounding bottom and the value of the ADA/USD could reach up to $0.22466773. On the other hand, if the bear overpowers the bulls then the value of the currency will decrease up to $0.057898.

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About Arushi Dubey

Arushi Dubey is a student of Bachelor in Arts( Psychology). She is pursuing Psychology in arts with English literature and French Language. She is well versed in the English language. She is good at expressing her thoughts into words. She is still getting more and more trained in gathering knowledge related to Crypto Currencies and expressing them.

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