• Latest
  • Trending
  • All
  • Litecoin
  • Ethereum
  • Market
Ethereum, XRP, and Litecoin remain stagnant; where will they head next?

Ethereum, XRP, and Litecoin remain stagnant; where will they head next?

December 27, 2019
White House office seeks public opinion on crypto-climate implications

White House office seeks public opinion on crypto-climate implications

March 26, 2022
Love it or hate it, crypto’s vibe shift is now imminent

Love it or hate it, crypto’s vibe shift is now imminent

March 26, 2022
Save on your hotel - hotelscombined.com
ADVERTISEMENT
BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

March 26, 2022
Cryptocurrency Adoption to Grow Significantly This Year in Latam – Bitcoin News

Cryptocurrency Adoption to Grow Significantly This Year in Latam – Bitcoin News

March 26, 2022
Crypto Market Cap Reclaims $2 Trillion as Bitcoin Touched $45K (Weekend Watch)

Crypto Market Cap Reclaims $2 Trillion as Bitcoin Touched $45K (Weekend Watch)

March 26, 2022
3 Metrics to Analyze GameFi Projects

3 Metrics to Analyze GameFi Projects

March 26, 2022
PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services – Bitcoin News

PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services – Bitcoin News

March 26, 2022
Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan

Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan

March 26, 2022
Nevada Man Pleads Guilty In $722 Million Bogus Crypto Investment

Nevada Man Pleads Guilty In $722 Million Bogus Crypto Investment

March 26, 2022
Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments – Bitcoin News

Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments – Bitcoin News

March 26, 2022
Decentralization, DAOs and the current Web3 concerns

Decentralization, DAOs and the current Web3 concerns

March 26, 2022
Behind the bipartisan crypto bill that’s coming to Congress

Behind the bipartisan crypto bill that’s coming to Congress

March 26, 2022
  • About Us
  • Privacy Policy
  • Newsletter
  • Contact Us
Thursday, May 26, 2022
Crypto Top News
Save on your hotel - hotelscombined.com
  • Home
  • Altcoin
    Bitcoin at $44.9k as ETFs touch new highs, altcoins continue green rampage

    Bitcoin at $44.9k as ETFs touch new highs, altcoins continue green rampage

    5 “next bitcoins” that weren’t

    5 “next bitcoins” that weren’t

    Where Does Bitcoin Stand With Depleting Dollar Dominance

    Where Does Bitcoin Stand With Depleting Dollar Dominance

    Crypto Corner: The Sports Slice

    Crypto Corner: The Sports Slice

    Polygon (MATIC) suffers network outage sparking a wave of angry users

    Polygon (MATIC) suffers network outage sparking a wave of angry users

    Goldman Sachs Will Now Offer Its Clients Ethereum Funds Via Galaxy Digital

    Goldman Sachs Will Now Offer Its Clients Ethereum Funds Via Galaxy Digital

    Kava adds EVM support to the network with Ethereum co-chain alpha launch

    Kava adds EVM support to the network with Ethereum co-chain alpha launch

    Crypto Corner: The Sports Slice

    Crypto Corner: The Sports Slice

    Fantom Foundation Responds To Andre Conje’s Departure

    Fantom Foundation Responds To Andre Conje’s Departure

    Total amount of Luna tokens staked down 62% from ATH even amid massive price rally

    Total amount of Luna tokens staked down 62% from ATH even amid massive price rally

  • Bitcoin
    White House office seeks public opinion on crypto-climate implications

    White House office seeks public opinion on crypto-climate implications

    BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

    BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

    Cryptocurrency Adoption to Grow Significantly This Year in Latam – Bitcoin News

    Cryptocurrency Adoption to Grow Significantly This Year in Latam – Bitcoin News

    PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services – Bitcoin News

    PUBG Developer Krafton Partners With Solana Labs to Build Blockchain Games and Services – Bitcoin News

    Nevada Man Pleads Guilty In $722 Million Bogus Crypto Investment

    Nevada Man Pleads Guilty In $722 Million Bogus Crypto Investment

    Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments – Bitcoin News

    Luxury Italian Retailer Michele Franzese Moda Reveals Fashion Brand Accepts Crypto Payments – Bitcoin News

    APENFT Marketplace Makes NFT Drops in the TRON Ecosystem Accessible – Press release Bitcoin News

    APENFT Marketplace Makes NFT Drops in the TRON Ecosystem Accessible – Press release Bitcoin News

    DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors – Regulation Bitcoin News

    DOJ Charges Two People in Million-Dollar Scheme to Defraud Investors – Regulation Bitcoin News

    After years of doubts and concerns, it is finally Bitcoin’s time to shine

    After years of doubts and concerns, it is finally Bitcoin’s time to shine

  • Cryptocurrency
    • Ethereum
    • Litecoin
  • Blockchain
    Decentralization, DAOs and the current Web3 concerns

    Decentralization, DAOs and the current Web3 concerns

    MIT adds the Bank of England to its stable of CBDC digital currency research partners

    MIT adds the Bank of England to its stable of CBDC digital currency research partners

    Learn about Web3 and how it aims to transform internet services

    Learn about Web3 and how it aims to transform internet services

    European crypto regulatory framework goes to three-way consideration without PoW ban

    European crypto regulatory framework goes to three-way consideration without PoW ban

    Jamaica’s central bank digital currency and the problems it hopes to solve

    Jamaica’s central bank digital currency and the problems it hopes to solve

    LG Electronics adds blockchain and crypto as new areas of business

    LG Electronics adds blockchain and crypto as new areas of business

    Powers On… Biden accepts blockchain technology, recognizes its benefits and pushes for adoption – Cointelegraph Magazine

    Powers On… Biden accepts blockchain technology, recognizes its benefits and pushes for adoption – Cointelegraph Magazine

    IOSCO says DeFi is quickly evolving and ‘cloning financial markets’

    IOSCO says DeFi is quickly evolving and ‘cloning financial markets’

    Stargate Finance attracts $1.9B in six days

    Stargate Finance attracts $1.9B in six days

  • Regulation
    Love it or hate it, crypto’s vibe shift is now imminent

    Love it or hate it, crypto’s vibe shift is now imminent

    Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan

    Coinbase to track off-platform crypto transfers in Canada, Singapore, Japan

    Behind the bipartisan crypto bill that’s coming to Congress

    Behind the bipartisan crypto bill that’s coming to Congress

    US Treasury Secretary Janet Yellen says upcoming crypto regulations will nourish healthy innovation

    US Treasury Secretary Janet Yellen says upcoming crypto regulations will nourish healthy innovation

    Secretary Yellen recognizes ‘benefits of crypto’ despite lingering skepticism

    Secretary Yellen recognizes ‘benefits of crypto’ despite lingering skepticism

    Crypto tax policy framework passes India’s parliament despite pushback from lawmakers

    Crypto tax policy framework passes India’s parliament despite pushback from lawmakers

    US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation

    US senators Lummis, Gillibrand reveal working on bipartisan crypto legislation

    Finally, a proof of work ban is off the table in Europe

    Finally, a proof of work ban is off the table in Europe

    Korean crypto exchanges are now in compliance with the Travel Rule

    Korean crypto exchanges are now in compliance with the Travel Rule

  • Market
    3 Metrics to Analyze GameFi Projects

    3 Metrics to Analyze GameFi Projects

    Coinbase to Label Some Assets as ‘Experimental’ In Bid to Boost Transparency

    Coinbase to Require Recipient Information for Crypto Transfers From Users in Canada, Singapore and Japan

    ‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws

    ‘We Have Entered a Period of Pain,’ Says WazirX CEO of India’s New Tax Laws

    White House Wants Public Comments on Crypto’s Energy Use and Environmental Impact

    White House Wants Public Comments on Crypto’s Energy Use and Environmental Impact

    Greener Bitcoin Mining Could Be China’s ‘Trillion-Dollar Present’ to the US

    Greener Bitcoin Mining Could Be China’s ‘Trillion-Dollar Present’ to the US

    Bitcoin Tops $44K Amid Rumors of Terra's LFG Accumulating BTC

    Bitcoin supera los $44.000 entre rumores de compra de BTC por parte de Fundación Terra

    Bitcoin Outperforms as Crypto Bulls Take a Breather

    Bitcoin Outperforms as Crypto Bulls Take a Breather

    4 Reasons Why Bitcoiners Should Pass on El Salvador’s Bitcoin Bond

    4 Reasons Why Bitcoiners Should Pass on El Salvador’s Bitcoin Bond

    Bitcoin Faces Initial Resistance at $46K; Support at $42K

    Bitcoin Faces Initial Resistance at $46K; Support at $42K

  • Prices
  • ICO
  • Travel Websites
No Result
View All Result
Crypto Top News
No Result
View All Result
Home Litecoin

Ethereum, XRP, and Litecoin remain stagnant; where will they head next?

by Admin
December 27, 2019
in Litecoin
0
Ethereum, XRP, and Litecoin remain stagnant; where will they head next?
728*90
ADVERTISEMENT


Ethereum, Litecoin, and XRP entered a stagnation phase in late November. Thus far, the buy and sell orders behind these assets are not significant enough to bring back volatility to them. The following technical analysis explores what would happen if volume picks up.

Ethereum, XRP and Litecoin US dollar price chart
Low levels of volatility in the market. Source: TradingView

Ethereum (ETH)

After testing the support given by 75 percent Fibonacci retracement level twice between September and October, Ethereum was finally able to break below it to hit a low $133.6 on Nov. 25. Since then, the 75 Fib became resistance while the 78.6 Fib became support. And, ETH remained trading within this zone.

ETH US dollar price chart
ETH/USD by TradingView

Now, the TD sequential indicator is presenting a buy signal in the form of an aggressive 13 on ETH’s 3-day chart. This bullish signal could be validated the moment the succeeding green two candlestick trades above the current green one candlestick.

ETH US dollar price chart
ETH/USD by TradingView

On a lower time frame, such as the 12-hour chart, however, Ethereum’s price action seems to be contained within the upper and lower Bollinger band. And, they are currently squeezing which, indicates ETH entered a consolidation phase. Squeezes are typically followed by periods of high volatility. The longer the squeeze, the higher the probability of a strong breakout.

Therefore, the range between the upper and lower Bollinger band is a reasonable no-trade zone. This area sits between $144 and $157.

A break above $157 could lead to an upswing to the 65 Fib at $181. Meanwhile, a break below $144 could take ETH down to the 83.6 Fib at $129. If that level of support fails, then Ethereum could plunge to $108.

ETH US dollar price chart
ETH/USD by TradingView

XRP

XRP spent nearly 100 days trading within the $0.24 support and the $0.30 resistance level. But on the week of Nov. 18, the support barrier gave up, and this crypto plummeted to the next level of support at $0.20.

XRP US dollar price chart
XRP/USD by TradingView

Despite the recent downturn, an Adam and Eve double bottom pattern is developing on XRP’s 1-day chart. This technical formation is considered a bullish reversal pattern.

It was created after the price of XRP dropped to $0.20 on Nov. 25, forming a V-shaped valley. Then, this crypto rose up to $0.23 on Nov. 29. And, it pulled back again to create the broader and more rounded valley near the price of the first one between Dec. 4 and 5.

A spike in the buying pressure behind XRP that allows it to break above the middle peak of the Adam and Eve pattern would signal a further bullish impulse. This technical pattern estimates that this cryptocurrency could surge to $0.26 upon the breakout point, representing a 13.4 percent upswing.

XRP US dollar price chart
XRP/USD by TradingView

The Bollinger bands on XRP’s 12-hour could be used to determine whether this crypto is bound for a bullish impulse.

Since the beginning of December, the upper and lower Bollinger band are squeezing. And squeezes usually lead to a strong breakout. As a result, the current trading range is a reasonable no-trade zone that sits between $0.21 and $0.23.

A break above resistance could validate the Adam and Eve double bottom pattern seen on the 1-day chart. But, breaking below the $0.21 support level could take XRP to hit a new lower low. On the downside, the next levels of support sit at $0.17 and $0.15.

XRP US dollar price chart
XRP/USD by TradingView

Litecoin (LTC)

Since July, Litecoin’s price action appears to be characterized by a series of bear flags developing on its 1-week chart. This technical formation is considered a continuation pattern. It evolves after a significant correction that creates the flagpole. Then, the price goes through a consolidation period that forms the flag. And, it results in a breakout in the same direction as the initial movement.

The 26 percent drop that LTC went through on the week of Nov. 18 is the result of a bear flag that formed in the middle of September. Now, this retracement could become the flagpole of a new flag.

If another bear flag is indeed developing on LTC’s 1-week chart, then this crypto could soon push for lower prices. The height of the flagpole estimates a 26 percent target to the downside. If validated, Litecoin could plunge to around $32.5.

LTC US dollar price chart
LTC/USD by TradingView

On its way down, Litecoin could find support around the following support levels: $41, $37, and $34. Breaking through all of these levels of support would take this crypto to reach the target presented by the bear flag in the 1-week chart.

Nevertheless, if LTC can close above $48.5, it could invalidate the bearish outlook and try to test the next level of resistance at $53. And, if the volume behind it is significant enough, it could try to push further to the next resistance level at $58.

LTC US dollar price chart
LTC/USD by TradingView

Overall sentiment

For over the last two weeks, Ethereum, XRP, and Litecoin are trading within narrow trading ranges. Although there are different bullish and bearish signals forming on these assets, the lack of volume makes it difficult to determine where they would head next. As a result, one could wait for a break below support or above resistance before entering a trade. Waiting for confirmation is the best way to avoid risk exposure.

Posted In: Ethereum, Litecoin, XRP, Price Watch, Technical Analysis



Source link

300*250
ADVERTISEMENT
Admin

Admin

300*250
ADVERTISEMENT
300*250
ADVERTISEMENT
300*250
ADVERTISEMENT
  • Trending
  • Comments
  • Latest
Circle Captures $440 Million in Financing, Rumors of SPAC Deal Follow – Finance Bitcoin News

Circle Captures $440 Million in Financing, Rumors of SPAC Deal Follow – Finance Bitcoin News

May 29, 2021
Grayscale Parent Company to Purchase Ethereum Classic Trust Shares Worth $50 Million

Grayscale Parent Company to Purchase Ethereum Classic Trust Shares Worth $50 Million

June 22, 2021
Spain’s Largest Asset Managers Still Reluctant to Invest in Cryptocurrencies – News Bitcoin News

Spain’s Largest Asset Managers Still Reluctant to Invest in Cryptocurrencies – News Bitcoin News

May 29, 2021
White House office seeks public opinion on crypto-climate implications

White House office seeks public opinion on crypto-climate implications

0
Ethereum Plunges 10% in 48 hours

Ethereum Plunges 10% in 48 hours

0
Public vs Private Blockchain | Ernst & Young’s New Blockchain Prototype

Public vs Private Blockchain | Ernst & Young’s New Blockchain Prototype

0
White House office seeks public opinion on crypto-climate implications

White House office seeks public opinion on crypto-climate implications

March 26, 2022
Love it or hate it, crypto’s vibe shift is now imminent

Love it or hate it, crypto’s vibe shift is now imminent

March 26, 2022
BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

BTC, ETH Begin Weekend Close to Key Resistance Levels – Market Updates Bitcoin News

March 26, 2022
Crypto Top News

Copyright © 2019 cryptotopnews.com

Navigate Site

  • About Us
  • Privacy Policy
  • Newsletter
  • Contact Us

Follow Us

No Result
View All Result
  • Home
  • Altcoin
  • Bitcoin
  • Cryptocurrency
    • Ethereum
    • Litecoin
  • Blockchain
  • Regulation
  • Market
  • Prices
  • ICO
  • Travel Websites

Copyright © 2019 cryptotopnews.com

  • bitcoinBitcoin (BTC) $ 29,729.00
  • ethereumEthereum (ETH) $ 1,939.67
  • tetherTether (USDT) $ 1.00
  • bnbBNB (BNB) $ 328.58
  • usd-coinUSD Coin (USDC) $ 1.00
  • xrpXRP (XRP) $ 0.407181
  • binance-usdBinance USD (BUSD) $ 0.997670
  • cardanoCardano (ADA) $ 0.513040
  • solanaSolana (SOL) $ 48.00
  • dogecoinDogecoin (DOGE) $ 0.082781