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Litecoin – Bitcoin dives because it failed to take a look at USD 20,000, Altcoin’s trim feature
There was a slight rise in the price of bitcoin above the USD 19,500 resistance. BTC also traded above USD 19,800, however it did not break above the USD 20,000 resistance. As a result, there has been a bearish response and the price is currently (13:00 UTC) more than USD 1,200 down from the current price.
Likewise, there has been a sharp decline in most major altcoins, along with ethereum, XRP, litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH / USD traded at a new excessive annual at USD 635 before it fell by more than USD 50. XRP / USD fell 5% and would continue to decline below USD 0.600.
Entire market capitalization
At the moment, the bitcoin price has broken through the USD 19,500 resistance. BTC even broke the USD 19,800 resistance and traded with a new annual excess. However, the bulls did not clear the USD 20,000 resistance. There were some spikes, however after that the price dropped sharply below USD 19,500 and USD 19,000.
The buy and sell price is now actually below $ 19,000 and is approaching $ 18,250 servicing. The following main assist is close to the USD 18,000 phase, below which the price can take a look at the USD 17,800 phase.
The price of Ethereum has gained momentum above the USD 625 and USD 630 ranges. ETH traded at a new annual high at USD 635 before falling above USD 50. The price broke the USD 600 assist and only shows some bearish indicators.
The following main help is close to USD 570, below which the price could even take a look at USD 550. On the upside, the USD 595 and USD 600 ranges could act as obstacles just once again.
Bitcoin cash, litecoin and XRP price
Bitcoin’s cash price adopted a similar sample and started a sharp decline from over USD 315. BCH fell 2% and is buying and selling below the USD 290 level. A preliminary assist is close to the $ 280 stage. Primary Support is now ready for $ 270. On the upside, the bulls may encounter resistance near USD 295 and USD 300.
Litecoin (LTC) rose above the USD 90 level currently before there was a bearish wave. The price broke the USD 85.00 assist and examined the USD 80.00 phase. If there are any further downsides, the price might take a look at the USD 76.50 service stage. Conversely, the price could start a slight improvement in the direction of the USD 84.00 and USD 85.00 ranges.
The XRP price rose above the USD 0.655 resistance, however there was no break above USD 0.700. There was a drop of more than USD 0.50 and the price even broke the USD 0.620 assist. The price is now buying and selling near the USD 0.600 assistance, with a bearish angle. Additional losses can push the price in the direction of $ 0.588.
Different altcoin market at the moment
Previously, in just a few hours, many altcoins fell by over 5%, along with HEDG, NMR, DASH, ADA, XLM, WAVES, DGB, MIOTA, EWT, UMA, (BA) ND, OMG and UNI. Conversely, SUSHI remained in an optimistic zone and is still up by more than 10%.
To sum up, the bitcoin price reacted sharply after failing to clear the USD 20,000 resistance. BTC is now effectively buying and selling below USD 19,000, however the dips are still engaging the bulls in the coming classes.
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