The 48287.98, 52608.44, and 53259.47 upside reversal levels next on the depreciation range are just below it. The multi-month high seen recently created a multitude of possible support levels and regions of downward retracement. The price also seems to support the price levels seen around 34254.81, 32111.94, and 32928.77.
Traders are seeing that the 50-bar MA is suggesting prices will go higher and will be above the 100-bar MA and above the 200-bar MA. The 200-bar MA stands strong, as shown by the fact that it is above the 100-bar MA and the 200-bar MA.
In a scenario where BTC/USD has finished its preparation for an all-time-high comeback over $50,000, the price would most likely be around the level of resistance once again.
Indicators
The RSI is slightly falling off an overbought position, and the bulls are still in control deep in their zone. MACD lines are positive, as they have been for some weeks now.
ETH/USD
On Sunday, the price of ETHUSD increased by 1.36%. Ethereum finished the week up 9.85 percent to $3,310.93, somewhat recovering from a 1.74 percent decline on Saturday.
In the late afternoon, Ethereum fell to an intraday low of $3,112,96 before moving upward.
Ethereum dropped through the first and second key support levels at $3,205 and $3,143, respectively. Ethereum, on the other hand, reached a late intraday high of $3,323.54 thanks to a late surge. Ethereum could not break over the first significant resistance level at $3,331 and ended the day at around $3,310 levels.
Ethereum was up 0.90 percent to $3,332.27 at the time of this writing. Ethereum had a rocky start to the day, falling to a low of $3,292.76 in the morning before recovering to a high of $3,341.47.
In the early stages of the trading day, the key support and resistance levels were not tested.
For the 23.6 percent FIB of $3,369 and the first significant resistance level at $3,385 to be in play, Ethereum would have to escape the pivot at $3,249. Nevertheless, Ethereum's ability to break out of $3,500 levels would need the support of the wider cryptocurrency market.
Even if there is a prolonged crypto rally, the first big resistance level is likely to limit any further gains in crypto. Ethereum may test the $3,500 barrier in the case of another wide crypto surge. $3,460 is the second significant resistance level.
After a decline through the pivot point of $3,249, the $3,175 level would become the first significant support level to be tested. In the absence of a prolonged sell-off, however, Ethereum should remain above $3,000 levels. The third-largest support level at $3,039 is expected to prevent further declines.
Indicators
The RSI value is now at 70, although it has been fluctuating between this and 72. This denotes the bulls' re-establishment of power. The moving averages are attempting to remain above 200 on the MACD histogram, which is bullish. This gives the bulls the upper hand.
XRP/USD
Yesterday, XRP gained 0.41 percent. In the wake of a 17.57 percent breakthrough on Saturday, Ripple's XRP finished the week up 64.95 percent at $1.28584.
Ripple's XRP rose to an intraday high of $1.34898 in the morning before reversing course. Ripple's XRP fell to an intraday low of $1.22694, falling short of the first significant resistance mark at $1.3725. XRP stayed away from the first key support level at $1.1320 before dropping to $1.32 levels.
XRPUSD was trading at $1.29560 at this writing, up 0.76 percent from the previous day. It was a rough start to the day for Ripple's XRP, as it fell to a low of $1.26100 in the morning before recovering to $1.30283. As a result, the key support and resistance levels for Ripple's XRP were not tested initially.
As long as XRP does not go through the pivot around $1.2873, the first big resistance level at $1.3476 will come into play.
Ripple's XRP, on the other hand, would require support from the wider market to return to $1.30 levels. The first significant resistance level and Sunday's high of $1.34898 would likely limit any gains, barring a prolonged crypto surge.
The second significant resistance level for XRP is $1.4093, which may be tested in the case of another breakthrough. The first significant support level at $1.2255 would come into play if the pivot point at $1.2873 were to be breached. On the other hand, Ripple is unlikely to go below $1.15 unless there is a prolonged sell-off. 1.1652, the second major support level, should act as a stop-loss.
Indicators
The RSI is at 83.52 and has been maintaining a steady pace. This indicates that the bulls are in command and verifies the formation of support on the chart. MACD is positive, and the MACD and signal lines have been moving above the center for many days.
LTC/USD
LTCUSD increased by 1.01 percent on Sunday, according to the charts. Litecoin, which had lost 0.25 percent on Saturday, finished the week up 23.27 percent at $184.76.
Litecoin had a bullish start to the day, rising to an intraday high of $186.65 before reversing course.
Litecoin fell to an intraday low of $175.70 after hitting the first significant resistance mark at $187. Before finding support, Litecoin dropped through the 23.6 percent FIB at $178 and the first major support level at $177.
Upside came from a late move back through the first major support level and 23.6 percent FIB to finish the day at $184.
Litecoin was trading at $187.38 at the time of this writing, up 1.42 percent. Litecoin had a rocky start to the day, falling to a low of $182.30 in the morning before recovering to a high of $187.63. There was no testing of the main support and resistance levels for Litecoin in the early stages of its development. Before hitting $189, Litecoin must avoid the $182 pivot.
For Litecoin to break clear of this morning's high of $187.63, though, it will require support from the wider market. The first major resistance level and barrier at $190 would likely limit any gains, barring a prolonged crypto surge.
Litecoin may reach resistance above $200 before any retreat in the case of a prolonged breakthrough. $193 is the second significant barrier level. $178 will be the first significant support if the pivot at $182 is breached.
Litecoin, on the other hand, should be able to avoid falling below $170, barring a prolonged sell-off. There should be some protection from the downside, with the second key support level around $171.
Indicators
With a reading of 74.67, the RSI suggests that the bulls have the upper hand. Coming from a low of 70, this chart shows that the bulls are buying. The MACD histogram, which has been bullish since late July, is likewise positive.
Indicators
With a reading of 74.67, the RSI suggests that the bulls have the upper hand. Coming from a low of 70, this chart shows that the bulls are definitely buying. The MACD histogram, which has been bullish since late July, is likewise positive.
BCH/USD
BCHUSD is now trading above all major moving averages, including the 20, 50, 100, and 200-day moving average lines. Meanwhile, the 20-day and 50-day SMA are headed for a bullish crossing towards the 100-day and 200day lines. There will be additional buyers as long as the price remains above all key DMAs with positive volume. There is support and resistance at $580 and $470 on the lower side and $740 and $820 on the upper side.
BCH is now trading in a positive trend on the daily chart. The coin's 4-hour chart shows higher highs and lower lows with average volume activity. The currency is in a robust rally. Therefore the technical factors favor the bulls. Now, Bitcoin cash trades for $701 and has lost 1.60 percent in the last 24 hours, with a volume to market cap ratio of 0.21.
Indicators
Based on the current RSI reading, the RSI indicator currently points to a moderate level of caution on the daily chart.
Despite retesting the overbought zone, the RSI is rising due to testing the 76 CMP level.
Correlation
BTC/ETH : 0.78, BTC/XRP : 0.63, BTC/LTC : 0.76, BTC/BCH : 0.70
- The pairings all seem to be providing strong bullish support throughout markets, with a tight connection to BTC's price trend. If the Bitcoin bulls successfully pull off a relief rally, Ether and the other cryptocurrencies on this list are highly likely to cue from that since the price movements are quite similar. Ether has the most comparable statistics, and based on the chart and RSI reading; this asset may see a significant increase.
- Over the next few days, whatever occurs will have a significant Ripple impact on Litecoin, Ripple, and BCH.
Key Notes
- BTCUSD just reached a previous record high of around 43899.75, representing a challenge to the previous resistance at 48912.
- Ethereum may test the $3,500 barrier in the case of another wide crypto surge. $3,460 is the second significant resistance level.
- Litecoin may reach resistance above $200 before any retreat in the case of a prolonged breakthrough.
