Category: Economy

LTC Price Prediction – January 24

Since January 12, Litecoin has been trading marginally after its rejection from the $186 price level.

LTC/USD Market

Key Levels:

Resistance levels: $165, $175, $185

Support levels: $110, $100, $90

In the past few days, LTC/USD has continued to trade marginally below the 9-day and 21-day moving averages as there has been no significant price movement. The Litecoin (LTC) has been fluctuating between $125 and $140. Meanwhile, according to the technical indicator RSI (14), Litecoin is trading below the 50-level which indicates that the coin is moving sideways at the moment.

What to Expect from Litecoin (LTC)

The Litecoin price is trading below the moving averages after touching the daily high at $142 in the early hours of today. However, the price may retest or break below the $130 support. Meanwhile, if the recent market movement convincingly breaks above the moving … Read more

Bitcoin (BTC) Price Prediction – January 24, 2021
Surprisingly, BTC/USD dropped to $28989 on January 22 but the bulls ‘bought the dips’ as the coin corrected upward. The price corrected upward but faced another rejection at the $34,000 high. The implication is that BTC price may continue its downward move.

Resistance Levels: $45,000, $46,000, $47,000
Support Levels: $35,000, $34,000, $33,000

Following its inability to break the psychological price level of $40,000 for the second time, BTC price fell to $34,000 support and resumed consolidation between $34,000 and $38,000. While the bulls were defending the $34,000 support from further decline, the bears were defending the $38,000 high from a retest of the previous highs. The range-bound movement lasted for a week before the bears broke the $34,000 support signaling a further downward movement of the coin. The BTC price has already fallen to retest the … Read more

ETH Price Prediction – January 22

After touching the daily low of $1039, the price of Ethereum is seen recovering to the upside at the $1238 level.

ETH/USD Market

Key Levels:

Resistance levels: $1400, $1500, $1600

Support levels: $900, $800, $700

ETH/USD is seen trading towards the resistance level of $1250 level within the ascending channel. Yesterday’s decline has been largely attributed to the fact that Ethereum plummeted pretty significantly. More so, ETH/USD is moving above the 21-day moving average but it can rise higher and break above the 9-day moving average at around $1250. If ETH/USD falls and drops beneath the support of $1100, the coin may turn bearish.

Where is ETH Price Going Next?

If the sellers begin to add downward pressure to the crypto, initial support is expected at $900. Beneath this, support can be found at $800 and $700. On the other … Read more

BCH Price Prediction – January 21

Today, the price of Bitcoin Cash slides below $450 after rejection at the $499 level.

BCH/USD Market

Key Levels:

Resistance levels: $600, $620, $640

Support levels: $350, $330, $310

BCH/USD price is seen rolling down as reveals by the daily chart. Meanwhile, the current downfall was expected as the altcoins were hitting huge counters, and the market had to come under selling pressure. However, should Bitcoin Cash remain below the 9-day and 21-day moving averages, the bears might come back to dominate the market.

What to Expect from BCH

On the upside, a sustained move above the channel may ease the initial selling pressure and create momentum for the bulls with the focus to move the market to the next resistance levels of $600, $620, and $640 respectively. At the moment, the technical indicator RSI (14) moves below 50-level, which … Read more