Cryptocurrency prices, news and technical analysis
- Bitcoin (BTC) remains dominant, but the chart shows little momentum towards the top.
- ripple of (XRP) the recent rally could help build a positive feeling.
Ripple (XRP) and Litecoin (LTC) diagrams: a positive light in a dark market?
The cryptocurrency market remains in a bear's grip as a space but a couple of larger tokens are showing signs of rebound, if certain parameters are met.
The recent wave of Ripple has seen it break and close above the important support zone between $ 0.35 and $ 0.42, which remains the key support if XRP is to push higher. Ripple is also trading above all three moving averages on the four-hour chart, and could re-test the $ 0.59 to $ 0.62 level in the short term. A break and close above could see the recent $ 0.77 repurchased.
Ripple (XRP) Four-hour price chart (3 – 26 September 2018)
Litecoin (LTC) stuck in a cluster of moving averages
The short-term direction of Litecoin will be dictated in a short time, while the current moves in a confluence of moving averages. The 20-, 50- and 200-day moving averages range between $ 57 and $ 58.25 while the LTC current moves to $ 57.5. A break and a higher close open $ 64 and $ 69.
Litecoin (LTC) four-hour price chart (18 August – 26 September 2018)
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What's your opinion? on the latest updates of the chart? Share your thoughts and ideas with us using the comments section at the end of the article or contact me on Twitter @ nickcawley1 or via e-mail at address [email protected].
— Written by Nick CawleyAnalyst.
