Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly

Ripple, Ethereum, Litecoin Prices, news and technical analysis

Ripple (XRP), Ethereum (ETH) and Litecoin (LTC) Stuck

The cryptocurrency market closes in a late summer break with little action on note prices and stagnant prices. The market leader Bitcoin is trying to move forward and continues to dominate the market with a 53% dominance, but the next level of encrypted is struggling to move, either way. The market as a whole has returned to levels seen a month ago, using total market capitalization, and volumes remain low.

  Ripple and Ethereum prices go nowhere, Litecoin Building Slowly

Ripple remains in a subtle downtrend on the four-hour chart and below all three moving averages. Small candles highlight the lack of trade or interest in XRP, while the RSI indicator is half-market and gives no indication of the state of the market. To bring a further upward momentum to Ripple, it is necessary to bring back the gap between $ 0.36 and $ 0.40.

IG Sentiment Data shows how retail traders are positioned in Ripple, Ethereum and Litecoin and how changes in holdings can affect sentiment and market prices.

Ripple four-hour price chart (XRP) (23 July – 4 September 2018)

  Ripple and etereum prices going nowhere, Litecoin Building Slowly

Ethereum also the second most large cryptocurrency by market capitalization shows no signs of a move with the upside constrained by all three moving averages. The high-end of the first September at $ 302 is likely to run any bullish momentum in the near term while the August 14, at the price of $ 250 should limit sales. Also in this case, the RSI indicator does not provide any clues.

Chart of four-hour prices of Ethereum (ETH) (3 August – 4 September 2018)

  Prices of ripple and etereum Going Nowhere, Litecoin Building Slowly

Litecoin & # 39; s [19659008] four hours is the most technically positive of all three with LTC higher than the 20, 50 and 200 day moving average and close to the $ 67.9 one-month high press. A break and close above could see the gap up to $ 72.3 full opening up the road higher. The 20 and 200 day moving average crossover at $ 62.4 should limit the downside.

Fourecoin price chart of four hours (August – 4 September 2018)

  Prices of ripple and etereum going nowhere, Litecoin Building Slowly

We look at Bitcoin, Ethereum, Ripple, Litecoin and other cryptocurrencies in the our weekly Webinar on the weekly cryptocurrency every Wednesday.

Cryptocurrency Trader Resources – Accounts, guides, indicators of trust and free practice webinars

If you are interested in exchanging Bitcoins, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you start your journey. We have a Introduction to the Bitcoin Trading Guide along with a Free Demo Account so you can practice trading on this volatile asset class.

What is your opinion on the latest (non) market moves ? Share your thoughts and ideas with us using the comments section at the end of the article or contact me on Twitter @ nickcawley1 or by e-mail at the address [email protected]

— Written by Nick Cawley analyst .

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