BTC and Altcoins Striving to Exceed Key Hurdle

News • 2020/12/14 • by
remitano

BTC’s price begins a new move over $19,200, and it pumped over the $19,400 barrier after a downward correction.

There was an absence of momentum to take beyond the $19,500 resistance, and there has been a retracement in the present price.

Major Signals

  • BTC attempted to gain momentum above $19,500 but wasn't successful
  • ETH tried the $595 hurdle, XRP has decreased by 4% and selling below $0.50
  • LTC is strengthening over the $80 support point

Bitcoin pumps over $19,200 and $19,400 levels after testing $19,000 support zone. It went over the $19,500 value point but couldn’t keep the momentum, which led to a negative movement under $19300.

Bitcoin has initial supports at the $19,100 and $19,000 marks. It could test the $18,800 support zone if the negative movement persists.

ETH tried to break the $595 and $600 resistance zone. Its recent correction was below $590 after selling at $596. The asset has finally retraced back to the $580 support point.

Another strong support below $580 is $572 point, which could try $565 support. The price is experiencing a key barrier close to the $595 and $600 points.

LTC floats over the $80 point, and if it breaks the support, it could go down to the $76.50 point. XRP value is striving to move over $0.50 and $0.505 points. It is selling close to the initial support of the $0.485 point. Another inch of loss could result in lower support close to the $0.462 support area.

What do you think of Bitcoin and altcoins’ performance? Let's discuss this in the comments.

Comments (6)
Guest
lilianchiamaka
6 years ago
I think they is still going to be more price decrease
igwe1994
6 years ago
I don’t really know about this
andrei12
6 years ago
they will overcome the hurdle
lorettachinasa
6 years ago
The bull run will still continue for days
ajii12
6 years ago
its a good performance
visiblemoney
6 years ago
The downtrend will eventually help in another bull run in the next breakout.

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