Time to Buy the Dip!!! Bitcoin Falls 1.45 Percent, Sliding below the $38k Threshold

• Ethereum's price has also dropped below USD 2,550. ETH has challenged the USD 2,450 support level and is currently attempting to regain lost ground.
• If the price falls below USD 2,450, it may test the support level of USD 2,400.
• On the plus side, an immediate resistance level is positioned around USD 2,550.
• The primary impediment to a breakthrough is currently forming near the USD 2,600 level.

Dogecoin

• Dogecoin has lost more than 2% of its value and is currently trading below USD 0.20.
• The price may very well test the USD 0.180 support level in the near future.
• If the bears continue to press, the price might fall as low as USD 0.165.
• On the plus side, resistance is likely to be found between USD 0.205 and USD 0.208.

Litecoin

• The price of Litecoin (LTC) has fallen below the USD 140 support level.
• At the moment, the price is drawing offers of USD 135. If a serious break below USD 135 occurs, the bulls may struggle to maintain USD 130.
• The next key level of support is at USD 125. On the plus side, the USD 142 level serves as a short-term roadblock.

Cardano

• Cardano (ADA) is reviving and trading over the USD 1.32 resistance mark.
• The nearest resistance level is at USD 1.35.
• A strong follow-through move above USD 1.35 might take the market towards the critical USD 1.40 resistance level.
• On the downside, bulls may continue to be aggressive at USD 1.32 and USD 1.30.

Ripple

• XRP's price is declining and is closing in on the USD 0.700 support level.
• The bears may grab control if a clean break below USD 0.700 occurs.
• There is a risk of a short-term gain towards USD 0.650 in this situation.