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Ethereum Price Prediction: ETH/USD Breaches Southward Slightly

Ethereum Price Prediction: ETH/USD Breaches Southward Slightly

Breaches Southward Slightly – June 12
The market operation between Ethereum and the US Dollar breaches southward slightly at the recent lower range zone of $2,500 to now trade around $2,334 line at a reduction of -0.84 percent.

Breaches Southward Slightly: ETH Market
Key Levels:
Resistance levels: $3,000, $3,500, $4,000
Support levels: $2,000, $1,800, $1,600

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ETH/USD – Daily Chart

The ETH/USD daily chart depicts that there have been serial short falling pressures in the crypto economy from June 4 until the present around the range trading zone of $2,500level. The 50-day SMA indicator and the 14-day SMA trend-line are pointing toward the east as the bearish trend-line drew across the smaller SMA at a near-front spot. The Stochastic Oscillators have slantingly bent downward from the overbought region to touch range 20. That, to some extent, indicates that the ETH/USD market may still experience more slight falling pressures.

Will the ETH/USD market hold lowering long, as it now breaches south?

Holding long lowering in the Ethereum market versus the US Dollar as price now breaches southward slightly seems releasable only for a while. In the light of that technical trading assumption, it would be necessary that bulls needed to be on the lookout as to whether a bullish signal candlestick will emerge from the depth of a lower trading zone to be able to consider a decent buy entry position.

At this point, traders contemplating to go short further as regards the level of the lower trading situation of this crypto market are enjoined to think twice. A further southward push below the $2,500 level could only be that price will heading down to test the immediate support level of $2,000. In another technical trading sense that, It is one best investment time that an investor may consider worthy of joining now.
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ETH/BTC Price Analysis

Comparing the market trending outlook between Ethereum and Bitcoin, the price analysis chart depicts that only the smaller SMA trend-line now breaches southward slightly at one of the higher levels that the base crypto has pushed against the flagship counter crypto previously. As result, the base crypto still posses more trending weight than the counter crypto. The bullish trend drew between the 14-day SMA and the 50-day SMA as they all point more importantly to the north. The Stochastic Oscillators are dipped into the oversold region with the lines closed in an attempt to possibly point back to the north. In the light of that, it could be said that the base tool will in no time regain its stances to push against the counter trading instrument.

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Bitcoin Price Prediction: BTC/USD Price Stables Above $36,500

Bitcoin Price Prediction: BTC/USD Price Stables Above $36,500

Bitcoin Price Prediction – June 9

The Bitcoin price is trading nicely above the $36,500 and the coin must climb above the $37,000 resistance to continue higher.

BTC/USD Long-term Trend: Bearish (Daily Chart)

Key levels:

Resistance Levels: $43,000, $45,000, $47,000

Support Levels: $28,000, $26,000, $24,000

Bitcoin Price Prediction
BTCUSD – Daily Chart

BTC/USD begins to improve today, although many coins are following the footstep of Bitcoin as well. The Bitcoin price also reflected a similar movement as the coin improve in price movement at the moment. Within the first few hours of today’s trading, BTC/USD could have moved up from $32,408 to $36,950 and now $36,530.

Bitcoin Price Prediction: Ready to Move Higher?

The Bitcoin price is yet to cross above the 9-day and 21-day moving average as the pair may be settling in a tight range between $32,000 and $38,000 below the 9-day and 21-day moving averages. In addition, this current session is seeing Bitcoin and other major cryptos exchanging in a good tone.

However, the Bitcoin price and the daily candle are trading at $36,530 below the 9-day and 21-day moving averages. The next resistance levels lies at $43,000, $45,000, and $47,000. However, if the Bitcoin price failed to cross above the 9-day and 21-day MAs; we may see a price cut to break below the channel at $30,000 vital support. Therefore, a further low drive could send the price to $28,000, $26,000, and $24,000 supports. For now, the Relative Strength Index (14) is moving above 40-level, suggesting more bullish signals into the market.

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BTC/USD Medium-Term Trend: Ranging (4H Chart)

Looking at the chart, BTC/USD is clearly facing a lot of resistance near the $36,700 and $36,800 levels. A successful close above the $37,000 level is a must for bullish acceleration. If not, there is a risk of a downside extension below the $35,000 support. If there is a downward move, initial support is near the $34,000 level and the main support is near the $32,000 level, below which there is a risk of another decline towards $30,000.

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BTCUSD – 4 Hour Chart

Furthermore, if there are more gains, the $36,500 level is likely to act as a major hurdle in the near term for Bitcoin. So if there is an upside break above the $37,000 resistance, the next stop for the bulls may perhaps be near the $40,000 and above as the Relative Strength Index (14) is likely to move above 60-level, which indicates that additional bullish trends may come into play.

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Litecoin Price Prediction: LTC/USD Fluctuates in Range Zones

Litecoin Price Prediction: LTC/USD Fluctuates in Range Zones

Litecoin Fluctuates in Range Zones – June 9
The LTC/USD worth now fluctuates in range zones of $200 and $150 after making a failing attempt to push down past the lower range value of the market. The crypto market’s price is now seen trading around the level of $158 not being too far from the lower range-bound zone. As of writing, the financial percentage rate of the trade stands at about a reduction of -2.12.

Market Fluctuates in Range Zones: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $130, $1200, $110

LTC/USD – Daily Chart

Today’s session has seen a very tiny candlestick in the range-bound zones very to the lower point. As a result, it is still somewhat depicted on the LTC/USD daily chart that the range-bound zones will have to hold until some other next sessions as the two major movers are seemingly not making their impact strong on the market. The bearish trend-line drew southward across the SMA trend lines to place a mark near above the level of $150 to indicate the degree at the market valuation is. The 50-day SMA indicator is located over the 14-day SMA trend-line. The Stochastic Oscillators have moved down from the overbought region to point toward the south very lightly past range 20. That still suggests that a relative amount of selling pressure is ongoing in the market.
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What direction the LTC/USD price fluctuations in range-bound zones lead into?

As regards the LTC/USD price fluctuation in the range–bound zones, bulls may have to patiently wait for a rebound from a lowly point of the lower range-line for a decent buy entry. The downward moving past of the $200 resistance level by the 14-day SMA will possibly allow price to push more for a quick revisit-trading situation of some lower values.

Analyzing the downside of this market, the eventual breaking down of the lower range-bound line of $150 is still scary as to whether a downward push past it could be sustainable in the long run. It could only be a good trading condition for bears to consolidate their presence at the zone strongly against any attempting upward motion that could in the process signal an end to getting to see more downs in a continuation moving spirit.
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LTC/BTC Price Analysis

Taking a deep look at the trending outlook that exists between Litecoin and Bitcoin, the base crypto possesses a weightier stance pairing with the counter crypto to some extent as it is depicted on the price analysis chart. But, in the meantime, the base crypto seems to succumb to a force by the counter instrument as a movement is being made currently in the market to push southward out of range-bound zones that have existed at a higher considerable level. The 14-day SMA trend-line is closely located above the 50-day SMA indicator. And, they still both point toward the east direction. The stochastic Oscillator slightly point toward the south to keep a warning signal possibly against seeing LTC pushing with ease as paired with BTC as of writing.

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Litecoin Price Prediction: LTC/USD Dares Breaking Lower Range-line

Litecoin Price Prediction: LTC/USD Dares Breaking Lower Range-line

Litecoin Market Dares Breaking Lower – June 8
It is currently observed at a closer viewing point that the LTC/USD market dares breaking lower the range-line as the price has been fluctuating around the value of 155 at a rate of -4.24 percent.

Market Dares Breaking Lower: LTC Market
Key Levels:
Resistance levels: $200, $250, $300
Support levels: $120, $110, $100

LTC/USD – Daily Chart
Today’s trading session as depicted on the LTC/USD daily chart that price dares now dares breaking lower range-line as the level of $150 has briefly traded past to the south initially. A bearish candlestick is in the forming motion. The 50-day SMA indicator SMA has been intercepted from the top by the 14-day SMA trend-line as the bearish remains crossed downward against the SMAs’. The Stochastic Oscillators have crossed the lines from the overbought region to point southbound briefly past range 40 suggesting a downside pressure is the offing.
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Breaking lower past the range-line, will the ETH/USD market see a huge drawdown?

Breaking lower past the range-line, it has now been noticed by ongoing selling pressure in the ETH/USD  economy that a southward move Is imminent in the near session. A sudden pull-up from the lower range point of $150 will most likely push back the market into another trial trading situation of a bullish trend returning. However, if such a presumed scenario doesn’t have a volatile move, the range-bound may tend to continue.

As both the bearish and the 14-day SMA trend lines remain placed at the immediate resistance and the upper range-line of $200 below the 50-day SMA indicator portends that some degree of downward pressure is still somewhat in the market operations. Bears ought to have taken the advantage of the situation to have placed a sell order around the upper range-line. But, they now have to be wary of their position around the lower range-line.
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LTC/BTC Price Analysis

Comparing the market moving-capacity between Litecoin and Bitcoin, the base crypto yet possesses a higher length as paired with the most valuable counter crypto to some extent. A line of variant higher lows is kept occurring on the buy signal side of the bigger SMA indicator. The 14-day SMA and the 50-day SMA trend lines are pointing toward the east direction to validate an ongoing range trading outlook of the cryptos. The Stochastic Oscillators have slightly crossed downward from the overbought region to point to the south near over range 40. Going by that, the base crypto is on the verge of breaking the lower range zone as placed against the counter cryptocurrency.

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Ethereum Price Falls by 13% to $2,393 – Where to Buy the ETH Dip

Ethereum Price Falls by 13% to $2,393 – Where to Buy the ETH Dip

The ethereum price is weakening sharply today. The past few weeks have been bad for the broader crypto market and the selling has started again in earnest. While the greatest slump has been felt by bitcoin, altcoins have also not been spared. Ethereum has been losing, and it is barely recovering from the May meltdown.

Last week, ethereum managed to scale some key levels as it reached around $2,500. The largest altcoin in terms of market cap touched $2,800 yesterday, but bears have interrupted the upward price movement, causing another market dilemma. ETH has lost $400 in the past 24 hours to trade, at around $2400. As of writing, ETH’s value was slightly above $2400.

Ethereum Price: bears in charge

Ethereum’s near-term support is at $2,400, and if the coin can maintain above that level it may prevent the decline from deepening further. The Moving Average Convergence Divergence (MACD) metric shows that the coin could be headed into a bearish market.

ethereum price

The chart above also shows that the Relative Strength Index (RSI) may be dropping towards the negative area. However, this is not all bad news because there is still a high chance that the bulls may pick up again, especially after new investors start buying the coin because of the lower prices.

However, a move above the 100 SMA is required for ethereum to show signs of recovery. Further analysis also states that the largest altcoin will only show its full bullish intent when it pushes to above $3,000.

Ethereum has been classified as a better and superior token compared to bitcoin, a factor that may be causing rising prices. Goldman Sachs, one of the leading banks on Wall Street, published a report after the May market crash. The report stated that ethereum had a high chance of overtaking bitcoin as a store of value, and this revelation boosted ethereum’s value towards the end of April.

Ethereum has great fundamentals says Goldman Sachs

According to Goldman Sachs, the Ethereum network had many real-world applications because it offers support to smart contracts, which has created a great space for the proliferation of DeFi applications. Besides, the Ethereum network is also a hub for developing non-fungible tokens (NFTs) that are gaining popularity. These projects increase ether transactions, and it is reducing the volatility of the coin.

Ethereum’s value, just like the value of the broader crypto market, has been affected following the crypto regulations in the market. However, 27-year old founder of Ethereum, Vitalik Buterin, recently interviewed at a Fridman podcast where he said that “I don’t think governments have the ability to ban crypto to the extent of just completely preventing blockchains from existing. But they definitely have the ability to really marginalize it.”

Ethereum’s price is not just slated to be a short-term thing. Towards the end of this year, the Ethereum network plans to launch a layer two upgrade to make the platform even more attractive to DeFi developers. When this happens, the demand for ether will skyrocket, and it may even reach above the $4000 ATH.

Where to buy Ethereum

The dominance of the Ethereum network in DeFi development shows that the token is a great buy because its demand is not as volatile as the other cryptocurrencies. The anticipated layer two upgrades is also expected to push for the token’s value. One can buy ether in the current dip at:

eToro

One of the most recommended exchanges where you can buy ether tokens is eToro. The exchange is popular for crypto trading, and it even has features that allow new traders to learn how to go about the market. Through copy-trading, inexperienced traders can gain insights from crypto experts on the exchange.

Once you sign up on eToro, go to the order section and place an order for the number of ether tokens you want to purchase. You can also sell the token on the exchange.

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