However, it tried to push upwards but couldn’t go beyond $19,650 and $19,800. A proper close below the $18,500 level could lead to a further decline. On the upside, if the price can close properly beyond the $19,500 resistance, it could rise further towards the key $20,000 resistance.
Major Signals
- Bitcoin price is presently consolidating and looks to be getting ready for the next key break.
- Ethereum moved beyond the $600 resistance but didn’t gain any momentum
- Litecoin showing positive sign above $80
BTC price was again unable to clear the $19,500 resistance. Bitcoin is currently trading below $19,500, with $19,000 acting as initial support and the significant support close to the $18,500 level.
Ether looks to be consolidating beyond $585 support and is likely to make a new attempt to gain momentum beyond the $600 resistance level. The initial resistance is at $605, and the critical resistance at $620.
On the downside, a proper break below the $585 support could cause a further decline towards the $565 level.
Litecoin is still beyond the $80.00 and $80.20 support level. The initial resistance close to $84.00 and above could try to break the $86.50 level.
XRP, however, dropped below the $0.600 support but recovered rapidly. XRP is currently trading beyond $0.610 and could attempt to go beyond the $0.620 level.
What do you think about the current price of BTC and Altcoins? Let’s discuss this in the comment section.
