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Bitcoin price remained in a bullish zone above the USD 18,000 support area. There have been a couple of swing moves in BTC, but it struggled to break out of the USD 18,350 and USD 18,500 resistance levels. The price is currently (13:00 UTC) trading well above USD 18,000 and it appears that the bulls are aiming for a clear break above USD 18,500.
Furthermore, there has been a strong upward movement in most of the major currencies, including ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH / USD broke the USD 500 resistance and even climbed above USD 505. XRP / USD rose 6% and broke the USD 0.312 resistance level.
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Bitcoin price
There have been mostly positive movements in the bitcoin price above the USD 18,000 support. BTC made a couple of attempts to gain bullish momentum above USD 18,300 and USD 18,350, but had a hard time. The price is locked in a range and it looks like the bulls might make another attempt to break out of the USD 18,350 and USD 18,500 resistance levels.
If they fail, there is a risk of a sharp downward correction below USD 18,100 and USD 18,000. The next major support is near USD 17,750, below which the price could revise the USD 17,500 support.
Ethereum price
The price of Ethereum rose and broke the USD 498 and USD 500 resistance levels. ETH even broke the USD 505 level and tested USD 510. The price is trading above USD 500 and it looks like the price could continue to rise towards the USD 512 and USD 518 levels.
In the event of a downward correction, the USD 502 and USD 500 levels could provide support. Any further losses could lead the price towards the USD 485 support zone.
Bitcoin cash, litecoin and XRP price
Bitcoin cash price maintains the USD 250 support level. BCH is now struggling to increase the pace above USD 250. A successful break and close above the USD 250 level could open the door for further upside above USD 260 and USD 262. The next key resistance is near the USD 265 level.
Litecoin (LTC) is consolidating gains above the USD 80.00 support level. On the upside, the USD 82.50 level is an initial hurdle. The first major resistance is now near USD 83.50, above which the price could rise above USD 85.00. On the downside, a clear break below USD 80.00 could possibly push the price towards USD 78.00.
The XRP price rose more than 5% and broke the USD 0.305 and USD 0.310 levels. The price even traded above USD 0.312 and is now consolidating gains. The next major resistance is found at USD 0.315. On the downside, the price may find strong buying interest near 0.305.
More altcoin markets today
In the past few hours, many altcoins have risen by more than 15%, including SUSHI, WAVES, CRV, RSR, UNI, CVT, DOT, TMTG, and SNX. Of that, WAVES rose close to 30% and broke above the USD 6.80 level.
To sum it up, the bitcoin price holds the key USD 18,000 support level. Current price action suggests that BTC could clear the USD 18,350 and USD 18,500 resistance levels in the near term.
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