Cryptocurrency Market Update: Bitcoin, Ethereum, Litecoin, XRP and USDT Turn Bullish, How High Can They Go?

The major cryptos have all experienced a bullish pattern with their prices beginning to rise. The major gainer is the number one crypto, Bitcoin. Bitcoin had already begun surging high in the past week with its price trading above $8100. In the past weekend, BTC managed to touch its 13-month high.

The overall digital asset market has started an upward price shift and broken critical resistance levels. Aside from many other considerations, one of the coins that is expected to be nearing launch is Facebook’s Libra coin. Cryptocurrency analysts all expect the recent bullish action to propel BTC price over $10,000 soon. Although for there to be any further price momentum will largely depend on market fluctuations. Let’s see how these cryptos performed.

XRP (XRP) Price Today – XRP / USD

# Name Price24H %
3
ripple
XRP(XRP)
$0.270
-2.27%

Bitcoin (BTC)

Looking at the highlighted area in the 4-hour chart of BTC/USD, you’ll see how Bitcoin price surged higher after every price plunge. MACD chart shows enough volatility in price for BTC with a bullish impact though.

If Bitcoin maintains its bull run, prices may cross the initial resistance at $9,516. The next price point to watch out for will be $10,000. BTC may also see further support positions at $8347.80 and $8005.85.

Ethereum (ETH)

With a price increase from $268.81, Ethereum managed to had hit its seven day high $278.74. It also saw a sharp pullback. Before it dropped to $268.91. It traded under $271 before taking another surge in price. Then ETH prices reached the 24-hour low point of $263.21 with a gradual fall, that broke its support at $269. At press time Ethereum was being traded at $269.24. In the past 24 hours, ETH price has increased by 0.15%. ETH, presently, holds $29,059,480,595 as Market Capitalization.

Litecoin (LTC)

In a 24 hour period, Litecoin price has shown notable price surges and has been followed by price plunges as well. The crypto had initially surged to a previous 24-hour high price at $138.96. However, it saw a price drop from there to bottom at $133.81. Later, LTC price recovered to $137 and cleared its resistance point of $135. After a few drops in price, Litecoin price rebounded to $137 though at press time, it was trading at $135.18. Litecoin has a current market cap of $8,480,771,988.

XRP

XRP price appears to have benefited from the market’s recent uptrend for BTC. XRP price was initially struggling to maintain a steady price push for over a week now as it was beginning to fail in its attempt to cross its major resistance at $0.40. XRP currently holds a Market cap of $18,412,783,117.

XRP price gradually increased to $0.42 USD from $0.41 before taking a steady price surge to $0.44 and cleared the resistance at $0.42. After a gradual price pullback, the price of XRP has been ranging between the $0.42 and $0.43. XRP price was trading at $0.43 as of press time. In the past 24 hours, XRP price gained 5.80%.

Tether (USDT)

Tether stablecoin has reportedly pegged with fiat currencies. The coin holds an impressive $3,491,340,787 market capitalization. The price of price path has managed to trace its high price position at $1.0080 before it gradually fell to $1.00 suffering a decrease of about 0.79%.

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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