Litecoin (LTC) Heading For Bullish Breakout, Ethereum (ETH), Tron (TRX), and XRP(XRP) Still Struggling to Stay Afloat

Today, Litecoin (LTC) price opened at $56.56. The fourth largest cryptocurrency asset surged to $57.12 at the time of this writing. The digital currency has a market cap of $3.47 billion and a 24-hour trading volume of about $1.62 billion. The token was able to record a positive change against the dollar. It was about a 1.21% increase.

Litecoin (LTC) Price Today – LTC / USD


Coineal accounts for close to 9% of the 24-hour trading volume of the coin via LTC/BTC trading pair. On the one-hour chart, LTC price experienced and uptrend. It moved from $45.28 to $52.35 and then experienced a downtrend from $56.76 to $54.75. LTC’s resistance is pegged at $58.40. Also, the support level is $45.35.

Looking at the parabolic SAR, it is clear that the digital currency is entering a bullish phase. This is because of the dotted markers below the price candles.

On the MACD line, you can also see a bullish market on the way as the line treads above the signal line.

The Klinger oscillator has a different prediction. The line fell below the signal line, and this predicts a bearish market for LTC.

Ethereum price analysis

Yesterday, Ethereum price swung near $130 against the USD. There was a spike in price below $130 and $129. However, the price moved back $131 and $132 after the resistance level.

Will Ethereum recover?

The bearish trend line was breached at the $131 resistance level during the upside. The ETH/USD pair broke the Fib retracement level at 50%. This opened the digital currency up to more gains above $132. ETH spiked above $133, but it was capped by the resistance at $134.

Ethereum price must clear this present $134 resistance to surge. The next resistance is $135 and when ETH price clears the hurdles. It may test the resistance of $140. If there’s a downside correction, the previous $132 level may not provide the needed support.

Ethereum (ETH) Price Today – ETH / USD

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XRP price analysis

XRP price is still in a broad contracting range. It has surpassed the $0.3000 support from yesterday. XRP price has made some swing moves, but none of this helped it to move above the $0.3300 key resistance level.

From the 4-hour chart, it is clear that XRP price is forming a strong support above $0.3100 and $0.3140. The digital currency recently experienced a spike above the resistance area of $0.3200. XRP price managed to climb above $0.3300 level, but this was not sustained for long.

It fell below the $0.3300 and $0.3200 level. XRP/USD traded at $0.3153 and moved up to $0.3160. An initial resistance is close to the $0.3240 level, and there is a strong breakout pattern near the $0.3300 level.

For XRP price to rise, it must settle above the $0.3300 level and start the solid uptrend. Also, if there is a downside break below the support levels of $0.3100 and $0.3000, XRP price could decline to $0.2800.

XRP (XRP) Price Today – XRP / USD

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 Tron price analysis

Tron has been experiencing a bearish term recently. Despite the brief bullish movement earlier today, nothing has changed. The TRX/USD pair surged to $0.0233. From the chart, exhaustion can be seen.

This can only mean one thing; the bears have returned. The downside’s momentum is strong, and the stochastic oscillator points down at 66%. Strong bear pressure is also evident as XRP price is below the two EMAs.

The line below that is the target of the bears. Right now, there is no sign of a bull market for Tron.

Princess Ogono is a writer, lawyer and fitness enthusiast. She believes cryptocurrencies are the future. When she's not writing, she spends time with her adorable cat, Ginger and works out often.


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