Altcoin Market Set For A bull Run – Nik Patel

ethereum

Nik Patel, a cryptoanalyst, says bitcoin and altcoin bears are in disbelief as the crypto market cap climbs.

He believes that the digital currency market as a whole is ready for an upcoming bull run. However, it may not measure up to the market surge of 2017.

Ethereum (ETH) Price Today – ETH / USD

#NamePrice24H %
2
ethereum
Ethereum(ETH)
$147.41
1.14%

Presently, the digital currency market is red, and Bitcoin has been hovering around $4,000. Other coins such as Stellar and Bitcoin Cash are in the green. Despite this present setback, technical analysts are bullish and predict that the bull run may start early in the week.

Ethereum price prediction: a bull run on the way?

Ethereum price experienced an upside move this past week. It traded above $134 and $140 resistance levels against the USD. ETH/USD pair started a downside correction after trading close to $144. The pair later broke below the $138 and $140 levels. Ethereum price formed a new low close to $137, just above $136.

Presently, Ethereum price is trading above $138. There was a break above $139 at the key contracting triangle, on the hourly chart. ETH/USD also climbed higher to test the $141 resistance level. What should we expect from ETH price?

In the short term, a swing move above $138 is expected. Also, the price is likely to surge above the $141 and $142 levels. Things still look like good for the token. On the upside, its resistance level is close to $144, and this could be a new monthly high is the price continues in the trend. After that, the main resistances are close to the $148 and $150 levels. On the other hand, the initial support starts at $138 and if more losses occur, Ethereum price may have a hard time staying above the support zone of $137.

XRP Price Live

XRP price has broken the $0.3200 resistance after a tight struggle and eventually corrected lower against the USD. The price also declined below the support level of $0.3150 level and then tested the next support area of $0.3125. the main bullish trend line was formed with at $0.3145 support on the hourly chart.

XRP (XRP) Price Today – XRP / USD

#NamePrice24H %
3
ripple
XRP(XRP)
$0.221
2.90%

The XRP/USD pair has to clear the resistance levels of $0.3180 and $0.3200 to begin a solid bullish wave, moving towards $0.3300.

XRP price is currently trading key supports against bitcoin and the USD. The pair must clear the resistance area of $0.3200 resistance to start off a fresh bullish wave to $0.3280 and $0.3300.

Litecoin Price Breaks $60

Many top cryptocurrencies experienced a surge during the weekend. Litecoin (LTC) was a top contributor to the bull run. This digital currency breached the $60 resistance level which has been anticipated for so long now.

Litecoin (LTC) Price Today – LTC / USD

NamePrice
litecoin
Litecoin
$44.64-0.05%

Today, LTC started trading at $61.52, and its price rallied to $62.77. At press time, LTC price remained at the same price. Its market cap is still standing at 3.78 billion, and the 24-hour trading volume is $1.69 billion. This figure was gotten over a seven day period. The digital currency has shown some growth of more than 9.22% against the USD.

Coineal is responsible for contributing up to 9.63% of the 24-hour trading volume of the coin through the LTC/BTC pair.

 

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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