BTC had a strong recovery from $17,650 and moved up past the $18k and $18,200 resistance level. If the $18.5k resistance level is passed, there could be an increase to up to $19k or $19.2k.
Major Signals
- Bitcoin witness a fresh increase but fails to clear the $18,500 mark
- Ethereum and XRP are struggling with significant resistance
- XRP went up by 10%, and XLM rallied 15%
ETH also had a remarkable recovery from $530 and went past the $550 and $556 resistance level. Going past $580 might take it to $600. BCH is trading above $260, and the $280 resistance level looks imminent.
However, if it doesn’t go beyond $260, there might fall back to $250 support. Litecoin also had a good recovery from $72.20 to $75 and might experience a break to $80.
Ripple also had a price increase from the $0.505 level to the $0.540 and $0.55o level. That is about a 4% increase and might go further to the $0.600 resistance level.
There was also a 5% increase in some of the other altcoins, and most need more strength to go further.
What are your expectations for the crypto market? Share your thoughts in the comment.
