Bitcoin had a sharp move in price after it went up to 19,000 dollars, and other altcoins also experience a kind of uptrend resistance.
Some altcoins face resistance, including litecoin, XRP, ETH, BNB, bitcoin cash, and lots more.It is essential to add that ETH has been finding it hard to go past the 595 or 600 resistant level in other news.
On the contrary, ripple is also trading way below the 0.520 resistant level. And there are chances that if it does not go up, the price will fall below 0.500.
Major Signals
- BTC's price has above $19k but fails to scale the $19,500 mark
- ETH and XRP are struggling with significant resistance
- XLM pumps by 10% to trade around $0.172
BTC experienced a decline in the previous week that took it down to around 17,650 dollars, but it experienced a recent sharp recovery that made it go up back to above 18,500 and 19,000. With the increase, BTC might be chasing to hit the 19,500 dollars resistant level very soon.
BCH went past the 270 resistant level and reached the 280 level, while litecoin also experienced a 5% increase in price from 78.80 and 80 dollars to around 85 dollars. Ripple went in a different direction and didn't follow BTC and ETH's path, and the price remains around 0.535 dollars.
Are you bullish about the crypto market? Share your thoughts in the comment.
