Cryptocurrency Analytics from FXOpen

[voskobojn]

                                                                                      LTC and EOS – Further lows are expected
LTC/USD

From Monday’s high at $55.776 the price of Litecoin has decreased by 15.34% measured to yesterday’s low at $47.218. Since then we have seen a minor recovery with the price currently being traded around $49.419.
Read more: https://blog.fxopen.com/ltc-and-eos-further-lows-are-expected/

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[voskobojn]

                                                                 BTC and XRP – Bullish price action is likely to continue
BTC/USD

From last week’s low at $7367 the price of Bitcoin increased by 42.44% spiking to $10494 at its highest point on Saturday. Since then we have seen a retracement developing with the price currently being at its median point at around $9500.
Read more: https://blog.fxopen.com/btc-and-xrp-bullish-price-action-is-likely-to-continue/

[voskobojn]

                                                                     LTC and EOS – Impulsiveness seen, further increase expected
LTC/USD

From last week when the price of Litecoin has been traded at $48.58 we have seen an increase of 29.53% measured to the highest point the price has been on Saturday which was at $62.93. Since then the price has started moving sideways and formed a symmetrical triangle.
Read more: https://blog.fxopen.com/ltc-and-eos-impulsiveness-seen-further-increase-expected/

[FXO]

BTC/USD and XRP/USD moving sideways

BTC/USD

From yesterday’s low at $9160 the price of Bitcoin increased by 3.78% measured to the hourly candle close at its highest point today which is at around $9500. Since last Wednesday when the price came just below the 1 Fib level we have seen the formation of an ascending channel and the price retested its resistance level yesterday with a wick from the upper side of the hourly candle. As resistance has present the price started moving to the downside again and retested its support level finding support there which proved the channels’ relevance once more.

XRP/USD

The price of Ripple has increased from yesterday’s low at $0.2903 by 5.55% as it came up to $0.3064 at its highest point today. Currently, the price is being traded slightly below the $0.3 mark but the price is in an upward trajectory overall.

Read more: https://blog.fxopen.com/btc-usd-and-xrp-usd-moving-sideways/

[FXO]

BTC and XRP – Still in a decline which is most likely a corrective one

BTC/USD

From yesterday’s open at $9095 the price of Bitcoin has depreciated in value by 5.25% as it came to $8617 at its lowest point around which the price is currently being traded today.

XRP/USD

From last Thursday when the price of Ripple reached its high at $0.31222 measured to the current level at $0.2703 we have seen a decrease of 13.58. The price is still in a decline and is getting close to the vicinity of the prior low and the horizontal support level at $0.26617 so we could see interaction with the level before an upturn.

Read more: https://blog.fxopen.com/btc-and-xrp-still-in-a-decline/

[FXO]

LTC and EOS – Breakout seen but increase soon expected

LTC/USD

From Sunday, when the price of Litecoin was sitting at its highest point at $64.84 measured to the lowest point the price has been today which is at $58.572 we have seen a decrease of 9.67%. The price is in a downward trajectory as a breakout has been made from the ascending triangle made from the 26th of October.

EOS/USD

Similarly, as in the case of Litecoin, the price of EOS has also formed an ascending triangle after an impulsive increase and after reaching $3.61 on Sunday it started declining. The price decreased by 7.44% from there to the lowest point today at $3.34 around which the price is currently being traded and consequently made a breakout to the downside from the triangle.

Read more: https://blog.fxopen.com/ltc-and-eos-breakout-seen-but-increase-soon-expected/

[FXO]

BTC and XRP – Has the correction ended?

BTC/USD

The price of Bitcoin has decreased by 5.64% from yesterday’s open at $8568 as it’s currently being traded at $8089. The price is still in a downward trajectory as the downtrend from the 4th of November hasn’t still developed fully.

XRP/USD

From yesterday’s high at $0.266 the price of Ripple decreased by 8.27% as it fell to $0.24407 at its lowest point today around which it is currently being traded.  The price fell sharply to the 0.786 Fibonacci level and found support above the ending point of the previous 2nd wave.

Read more: https://blog.fxopen.com/btc-and-xrp-has-the-correction-ended/

[FXO]

LTC and EOS – Breakout momentum still strong, but recovery expected soon

LTC/USD

From Monday’s open when the price of Litecoin was sitting at $56.62, we have seen a decrease of 11.84% as the price fell to $52.561 at its lowest point today around which it is currently being traded. In the last couple of hours, we have seen a decreased of 4.8% with the price still being in a downward trajectory.

EOS/USD

At the start of the week, the price of EOS was sitting at $3.425 at its open. From there we have seen a decrease of 13,45% measured to its lowest point today at $2.964 around which it is currently being traded.

Read more: https://blog.fxopen.com/ltc-and-eos-breakout-momentum-still-strong-but-recovery-expected-soon/

[FXO]

BTC and XRP – Impulsive move to the upside invalidated

BTC/USD

From yesterday’s open when the price of Bitcoin was $6618, we have seen a recovery of 11.8% today as the price came up to $7405 at its highest point today. Last week we have seen interaction with the 0.786 Fib level and the descending triangle’s support level which was the significant support point but the price broke out to the downside with strong momentum.

XRP/USD

The price of Ripple has continued decreasing from the last week’s interaction with the support level at $0.244 and came down to $0.20865 at its lowest point yesterday. From there we have seen an increase of 9.05% as the price came up to $0.22591 at its highest point today.

Read more: https://blog.fxopen.com/btc-and-xrp-impulsive-move-to-the-upside-invalidated/

[voskobojn]

BTC/USD and XRP/USD moving sideways

BTC/USD

From yesterday’s low at $9160 the price of Bitcoin increased by 3.78% measured to the hourly candle close at its highest point today which is at around $9500. Since last Wednesday when the price came just below the 1 Fib level we have seen the formation of an ascending channel and the price retested its resistance level yesterday with a wick from the upper side of the hourly candle. As resistance has present the price started moving to the downside again and retested its support level finding support there which proved the channels’ relevance once more.
Read more: https://blog.fxopen.com/btc-usd-and-xrp-usd-moving-sideways/

[voskobojn]

BTC and XRP – Still in a decline which is most likely a corrective one

BTC/USD

From yesterday’s open at $9095 the price of Bitcoin has depreciated in value by 5.25% as it came to $8617 at its lowest point around which the price is currently being traded today.
Read more: https://blog.fxopen.com/btc-and-xrp-still-in-a-decline/

[voskobojn]

LTC and EOS – Breakout seen but increase soon expected

LTC/USD

From Sunday, when the price of Litecoin was sitting at its highest point at $64.84 measured to the lowest point the price has been today which is at $58.572 we have seen a decrease of 9.67%. The price is in a downward trajectory as a breakout has been made from the ascending triangle made from the 26th of October.
Read more: https://blog.fxopen.com/ltc-and-eos-breakout-seen-but-increase-soon-expected/

[voskobojn]

BTC and XRP – Has the correction ended?

BTC/USD

The price of Bitcoin has decreased by 5.64% from yesterday’s open at $8568 as it’s currently being traded at $8089. The price is still in a downward trajectory as the downtrend from the 4th of November hasn’t still developed fully.
Read more: https://blog.fxopen.com/btc-and-xrp-has-the-correction-ended/

[voskobojn]

LTC and EOS – Breakout momentum still strong, but recovery expected soon

LTC/USD

From Monday’s open when the price of Litecoin was sitting at $56.62, we have seen a decrease of 11.84% as the price fell to $52.561 at its lowest point today around which it is currently being traded. In the last couple of hours, we have seen a decrease of 4.8% with the price still being in a downward trajectory.
Read more: https://blog.fxopen.com/ltc-and-eos-breakout-momentum-still-strong-but-recovery-expected-soon/

[voskobojn]

BTC and XRP – Impulsive move to the upside invalidated

BTC/USD

From yesterday’s open when the price of Bitcoin was $6618, we have seen a recovery of 11.8% today as the price came up to $7405 at its highest point today. Last week we have seen interaction with the 0.786 Fib level and the descending triangle’s support level which was the significant support point but the price broke out to the downside with strong momentum.
Read more: https://blog.fxopen.com/btc-and-xrp-impulsive-move-to-the-upside-invalidated/

[FXO]

LTC and EOS – recovery seen but for how long?

LTC/USD

From Mondays low at $42.76 the price of Litecoin has increased by 13.61% measured to its highest point at $48.58 made yesterday. The price is currently being traded at $47.451 as a minor retracement has occurred of around 2.16%.

EOS/USD

The price of EOS was sitting at $2.357 at its lowest point on Monday from where we have seen an increase of 15.76% measured to its highest point yesterday at $2.7288. A minor retracement has occurred with the price currently sitting slightly lower than yesterday but is above the previous minor high retesting its resistance for support.

Read more: https://www.fxopen.blog/ltc-and-eos-recovery-seen-but-for-how-long/

[voskobojn]

LTC and EOS – recovery seen but for how long?

LTC/USD

From Mondays low at $42.76 the price of Litecoin has increased by 13.61% measured to its highest point at $48.58 made yesterday. The price is currently being traded at $47.451 as a minor retracement has occurred of around 2.16%.
Read more: https://www.fxopen.blog/ltc-and-eos-recovery-seen-but-for-how-long/

[FXO]

BTC and XRP – Have we seen a leading diagonal?

BTC/USD

From last week’s high at $7860 made on Friday measured to the lowest point the price has been yesterday at $7257.7 we have seen a decrease of 7.67%. The price is currently being traded at $7311.9 slightly higher then yesterday but is mostly hovering around the same horizontal range.

This could be interpreted as a consolidation range especially after a minor retracement especially considering that the price volatility has diminished.

XRP/USD

From last Friday when the price of Ripple came up to $0.23307 we have seen a decrease of 5.78% as the price came down to $0.2199 at its lowest point yesterday which is again currently being retested for support.

Read more: https://www.fxopen.blog/btc-and-xrp-have-we-seen-a-leading-diagonal/

[FXO]

LTC and EOS – corrective retracement or downtrend continuation?

LTC/USD

From Sunday when the price of Litecoin was sitting at $49.551 we have seen a decrease of 11.23% measured to its lowest point today at $43.898. The price is currently being traded at $44.914 and is retesting the horizontal support for resistance as you can see from the hourly chart below.

EOS/USD

The price of EOS has also broken out from its ascending range but fell only by 7.36% from its highest point on Sunday at $2.81 to 2.61. Like in the case of Litecoin the price spiked to the upside yesterday coming to retest the 0.786 resistance level but shortly fell back to the levels from which the increase was made.

Read more: https://www.fxopen.blog/ltc-and-eos-corrective-retracement-or-downtrend-continuation/

[FXO]

BTC and XRP – Breakout to be expected shortly, but from which side?

BTC/USD

From yesterday’s high at $7592 the price of Bitcoin has decreased by 3.55% as it came down to $7322 at its lowest point today. It’s currently being traded at $7377 which is slightly higher with the price being stuck in a resistance range.

XRP/USD

The price of Ripple has decreased by 4.4% from yesterday’s open at $0.23235 as it came down to $0.22215 at its lowest point today. Last week on Thursday a minor recovery has started and pushed the price above the 1 Fib level but since then a minor retracement has been made below it. This could be an early indication that the price decrease would continue further as the level hasn’t served as support.

Read more: https://www.fxopen.blog/btc-and-xrp-breakout-to-be-expected-shortly-but-from-which-side/