Bitcoin is attempting to move away from critical technical support as the recent bearish momentum in the cryptocurrency is starting to fade. The BTCUSD pair will need to rally towards the $9,800 level in order to confirm that a medium-term price floor has been established. Traders should note that a sustained loss of the $8,500 support level could lead to a strong...
Ethereum is performing fairly well despite the recent heavy losses seen across the broader cryptocurrency market this week. Continued gains above the $180.00 level are now needed to challenge towards the top of the ETHUSD pair’s short-term trading range. Crypto market sentiment is still weak at present, although the altcoin space appears to be performing better...
Bitcoin is still under downside pressure on Thursday as buyers struggle to secure the cryptocurrency back above the $9,000 resistance level. A bullish daily price close above the $9,250 resistance level is needed to stabilize the BTCUSD pair in the short-term. Overall, the BTCUSD pair still has a strong chance of moving back towards its current monthly trading...
Litecoin remains trapped around the $60.00 level as almost the entire cryptocurrency market comes under bearish selling pressure. LTCUSD bulls need to defend the $57.00 level to avoid further downside in the pair towards the $50.00 level. Overall, the LTCUSD pair still has a chance of achieving its near-term target of $90.00, while trading above the $57.00 support...
Bitcoin is attempting to recover in early week trade after the number one cryptocurrency came under heavy bearish pressure last Friday. BTCUSD bulls need to defend the $8,700 support level this week to avoid further loses towards the $8,400 technical region. Overall, traders that are bullish towards Bitcoin will attempt to force a recovery towards the $9,800...
Bitcoin has been frustrating traders this week as the number one cryptocurrency struggles to find a clear trending directional bias. Despite the lack of movement, the BTCUSD pair still retains its bullish short-term outlook while trading above the $8,900 support level. The $10,600 and $11,000 level remain the main bullish targets if the BTCUSD pair find strength...
Litecoin has started to firm above the $60.00 level on Tuesday as positive sentiment starts to spread through the cryptocurrency market. Short-term LTCUSD bulls are now back in control while price trades above the $60.00 level and could start to target the $68.00 level. Overall, the medium-term upside objective for LTCUSD buyers is located just below the $90.00...
Bitcoin is still struggling to break from its recent short-term trading range after buyers faced still resistance from the $9,400 level last week. Continued failure to move past the $9,400 level could prompt the BTCUSD pair to retrace back towards the $8,400 level. Overall, BTCUSD bulls can still rally the cryptocurrency towards the $11,000 level while price...
Ethereum is getting ready for a breakout move as the cryptocurrency continues to find solid dip-buying interest around the $180.00 level. A bullish inverted head and shoulders pattern on the lower time frames is signaling a possible rally towards the $250.00 level. Only a sustained move below the $155.00 level would negate the bullish outlook for the ETHUSD...
Litecoin continues to press higher on the cryptocurrency market, following its recent reversal from just above the $45.00 level. A sustained breakout above the $60.00 level should lead to further gains for the LTCUSD pair towards at least the $72.00 resistance level. The four-hour time frame also shows that the recent rally has helped to invalidate a bearish head...
Ethereum is trading above the $180.00 level as the recent rally in the cryptocurrency market has helped return the ETHUSD pair's short-term bullish status. The four-hour time frame shows that a breakout above the $198.00 level could propel the ETHUSD pair towards the $240.00 level. Only a sustained move below the $170.00 level will negate the ETHUSD pair bullish...
Bitcoin is trading around the $9,600 level is early week trading, after the first cryptocurrency staged a major double-digit rally over the weekend. The BTCUSD pair has a strong bullish bias while trading above the $9,100 level, although bulls need to move price above the $9,800 to secure further medium-term gains. Overall, the short and medium-term outlook for...
Bitcoin remains under heavy bearish price on Friday, as the number one cryptocurrency fails to attract buying interest from depressed trading levels. The BTCUSD pair could extend its decline towards the $6,600 level before short and medium-term buyers return. Overall, BTCUSD sellers are increasingly likely to fade any moves back towards the $8,000 resistance level...
Litecoin has come under heavy downside pressure below the $50.00 after the broader cryptocurrency market suffered a major sell-off on Wednesday. According to the downside projection of multiple bearish head and shoulders pattern on the daily time frame, the LTCUSD pair could fall towards the $36.00 level. Only a sustained move above the $60.00 level can change...
Ethereum is still trading on the defensive on Tuesday, as the pair awaits the next directional move in the broader cryptocurrency market. If bulls can keep price above the $168.00 level, the ETHUSD pair can form a strong reversal pattern. According to the size of the pattern, a move above the $188.00 level this week would take the ETHUSD pair towards the $208.00...
Bitcoin looks set to close the trading week in the red, as the number one cryptocurrency by market capitalization fails to rally from the $8,000 support level. The $7,900 level is the key level to watch today if weakness persists under the $8,000 level today. A sustained breakout of the $7,900 level is likely to trigger heavy BTCUSD technical selling towards the...
Litecoin has come under severe downside pressure towards the $50.00 level, following a heavy decline in the broader cryptocurrency market. Sellers could now target the $36.00 support level, as it has been a long-term bearish target that has yet to be reached. Overall, the LTCUSD pair will need to rally above the $60.00 resistance level to reduce intraday bearish...
Ethereum is consolidating towards the worst levels of the week in early Wednesday trade, as the second-largest cryptocurrency struggles to find buying interest. Short-term bulls are only in control of the ETHUSD pair while price trades above the key $180.00 support level. Overall, buyers need to force a breakout above the $197.00 resistance level this week or the...
