Cryptocurrency Analytics from FXOpen

[FXO]

LTC and EOS – Lower Low Expected

LTC/USD

On Monday’s open the price of Litecoin was sitting at around $80 which was the exact ending point of the recovery to the upside as from there the price decreased in an impulsive manner to $57.58 at it’s lowest point today which is a 28.1% depreciation.

EOS/USD

The price of EOS has also been decreasing impulsively from Mondays open at $4.41 which is it’s highest point of the week at $3.42, made today. This decrease of 22.44% has starting to look like completed as a minor recovery has been made with the price currently being traded at $3.57

Read more: https://www.fxopen.blog/ltc-and-eos-lower-low-expected/

[voskobojn]

BTC and XRP – Downside expected as significant support has been breached

BTC/USD

From yesterday’s open when the price of Bitcoin was sitting at $9988.8 which was it’s highest point, we have seen a decrease of 4.71% as the price came down to $9518 at it’s lowest point today. Currently, the price is hovering around those levels and is sitting slightly higher at around $9564.
Read more: https://www.fxopen.blog/btc-and-xrp-downside-expected-as-significant-support-has-been-breached/

[voskobojn]

LTC and EOS – Lower Low Expected

LTC/USD

On Monday’s open the price of Litecoin was sitting at around $80 which was the exact ending point of the recovery to the upside as from there the price decreased in an impulsive manner to $57.58 at it’s lowest point today which is a 28.1% depreciation.
Read more: https://www.fxopen.blog/ltc-and-eos-lower-low-expected/

[voskobojn]

FXOpen Launches "Cryptomania" — A New Contest for Demo Accounts

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Read more: https://www.fxopen.com/en/about-us/news/fxopen-launches-cryptomania-—-a-new-contest-for

[voskobojn]

BTC and XRP – Has the correction ended?

BTC/USD

From Sunday when the price of Bitcoin retested the $8506 level and found support there we have seen an increase of 5.8% measured to its highest point yesterday at $8963. Currently, the price is being traded slightly lower after a minor retracement and is now in an upward trajectory, sitting at $8889.
Read more: https://www.fxopen.blog/btc-and-xrp-has-the-correction-ended-2/

[FXO]

BTC and XRP – Has the correction ended?

BTC/USD

From Sunday when the price of Bitcoin retested the $8506 level and found support there we have seen an increase of 5.8% measured to its highest point yesterday at $8963. Currently, the price is being traded slightly lower after a minor retracement and is now in an upward trajectory, sitting at $8889.

XRP/USD

The price of Ripple has also been following the market’s trend and recovered from Sunday’s low at $0.22556 by 7.3% coming to $0.24204. Since yesterday we have seen a minor retracement and another move to the upside with the price being traded at $0.23782 at the moment.

Read more: https://www.fxopen.blog/btc-and-xrp-has-the-correction-ended-2/

[FXO]

LTC and EOS – Bullishness seen but for how long?

LTC/USD

From yesterday’s low at $59.3 the price of Litecoin has increased by 6.58% today measured to the daily high at $63.24 around which the price is currently being traded. Bullish momentum has been caught with the price being in an upward trajectory but is now retesting the current levels for resistance.

EOS/USD

The price of EOS has also been increasing from yesterday’s low at $3.56 and made a 4.75% increase as it came to $3.71 at its highest point today. Unlike the price of Litecoin we haven’t seen surpassing of the prior high but this price of EOS is still in an upward trajectory.

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

[FXO]

BTC and XRP – Correction likely ended

BTC/USD
Yesterday the price of Bitcoin reached $7709 at it’s lowest point coming from $9166 high made on Saturday which is a decrease of 15.9% in only two days. Since yesterday’s low, we have seen a minor recovery with the price currently sitting at around $8100 level. This 5.3% increase from yesterday might continue as the price is in an upward trajectory and came above the significant horizontal zone.

XRP/USD
The price of Ripple came down to $0.2 at its lowest point yesterday decreasing by 18.3% from it’s prior high at $0.2458. From there we have seen an increase in around 6% but the price is still in an upward trajectory which is why the price is likely to continue increasing further during the day.

Read more: https://www.fxopen.blog/btc-and-xrp-correction-likely-ended/

[FXO]

LTC and EOS – Lost over 35% in a day but a recovery soon expected

LTC/USD

On today’s open the price of Litecoin has been sitting at $49.139 but fell from there to $31.584 at it’s lowest point today which is a decrease of 35.72%. As the price is still in a downward trajectory further lows could be seen by the end of today’s trading session.

EOS/USD

Similarly like in the case of Litecoin, the price of EOS has also made a significant decrease today, coming from $3.1 at the open to $1.9 at it’s lowest which is a decrease of 38.61%.

Read more: https://www.fxopen.blog/ltc-and-eos-lost-over-35-in-a-day-but-a-recovery-soon-expected/

[voskobojn]

LTC and EOS – Bullishness seen but for how long?

LTC/USD

From yesterday’s low at $59.3 the price of Litecoin has increased by 6.58% today measured to the daily high at $63.24 around which the price is currently being traded. Bullish momentum has been caught with the price being in an upward trajectory but is now retesting the current levels for resistance.
Read more: https://www.fxopen.blog/ltc-and-eos-bullishness-seen-but-for-how-long/

[voskobojn]

BTC and XRP – Correction likely ended

BTC/USD

Yesterday the price of Bitcoin reached $7709 at it’s lowest point coming from $9166 high made on Saturday which is a decrease of 15.9% in only two days. Since yesterday’s low, we have seen a minor recovery with the price currently sitting at around $8100 level. This 5.3% increase from yesterday might continue as the price is in an upward trajectory and came above the significant horizontal zone.
Read more: https://www.fxopen.blog/btc-and-xrp-correction-likely-ended/

[voskobojn]

LTC and EOS – Lost over 35% in a day but a recovery soon expected

LTC/USD

On today’s open the price of Litecoin has been sitting at $49.139 but fell from there to $31.584 at it’s lowest point today which is a decrease of 35.72%. As the price is still in a downward trajectory further lows could be seen by the end of today’s trading session.
Read more: https://www.fxopen.blog/ltc-and-eos-lost-over-35-in-a-day-but-a-recovery-soon-expected/

[voskobojn]

Halving impact on the Bitcoin value in 2020

What is halving?

May 2020 is going to be crucial for Bitcoin due to the event called “halving”. It is a process of reducing the pace at which new cryptocurrency units are being generated.

Read more: https://www.fxopen.blog/halving-impact-on-the-bitcoin-value-in-2020/

[FXO]

BTC and XRP – Corrective recovery expected

BTC/USD

From yesterday’s low at $4472 the price of Bitcoin has increased by 21.5% as it came up to $5435 at it’s highest point today. The price is currently being traded slightly below those levels as it encountered horizontal resistance but is still in an upward trajectory overall.

XRP/USD

The price of Ripple has increased by 18.2% from yesterday’s low at $0.1289 to $0.15224 at it’s highest today. Like in the case of Bitcoin the increase has been stopped out at the first horizontal resistance in line to the upside but the bullish momentum is likely to continue.

Read more: https://www.fxopen.blog/btc-and-xrp-corrective-recovery-expected/

[voskobojn]

                                                             BTC and XRP – Bullish momentum could indicate longer-term recovery
BTC/USD

From yesterday’s low at around $5780 the price of Bitcoin has increased by 14.76% measured to it’s highest point today which was at $6633. The price is currently being traded around those levels, slightly lower but is still in an upward trajectory.

Read more: https://www.fxopen.blog/btc-and-xrp-bullish-momentum-could-indicate-longer-term-recovery/

[FXO]

LTC and EOS – Sideways movement seen but another increase expected

LTC/USD

From Monday’s open at $35.4 the price of Litecoin has increased by 14.85% measured to its highest point this week at $40.7 made yesterday. Since yesterday’s high the price has started falling back and has made a minor retracement currently sitting at $39.56 and is moving sideways.

EOS/USD

The price of EOS has been moving in a similar manner like the price of Litecoin in the last couple of days as after an interaction with its significant horizontal level has been seen with whom an interaction has lead into a sideways movement.

Read more: https://www.fxopen.blog/ltc-and-eos-sideways-movement-seen-but-another-increase-expected/

[voskobojn]

                                            LTC and EOS – Sideways movement seen but another increase expected

LTC/USD

From Monday’s open at $35.4 the price of Litecoin has increased by 14.85% measured to its highest point this week at $40.7 made yesterday. Since yesterday’s high the price has started falling back and has made a minor retracement currently sitting at $39.56 and is moving sideways.

Read more: https://www.fxopen.blog/ltc-and-eos-sideways-movement-seen-but-another-increase-expected/

[FXO]

BTC and XRP – Correction likely started

BTC/USD
From yesterday’s low at $5883 the price of Bitcoin has increased by 11.3% as it came up to $6548 at it’s highest point today. Currently, the price is being traded slightly lower but has started to break out from the descending triangle on the upside which was formed after today’s high.

XRP/USD
The price of Ripple has increased from yesterday’s low at $0.163 to $0.17619 which was an increase of around 8%. Since then we have seen a slight decrease but the price is still hovering above it’s significant support level.

Read more: https://www.fxopen.blog/btc-and-xrp-correction-likely-started/

[voskobojn]

                                                                   BTC and XRP – Correction likely started
BTC/USD

From yesterday’s low at $5883 the price of Bitcoin has increased by 11.3% as it came up to $6548 at it’s highest point today. Currently, the price is being traded slightly lower but has started to break out from the descending triangle on the upside which was formed after today’s high.

Read more: https://www.fxopen.blog/btc-and-xrp-correction-likely-started/

[FXO]

LTC and EOS – Breakout seen but momentum slowing down

LTC/USD
The price of Litecoin has increased by almost 7% today, coming from yesterday’s low at $37.55 to $40.168 on today’s high. It is being traded at $39.44 at the moment with the momentum slowing down and is in the downward trajectory.

EOS/USD
From yesterday’s low at $2.161 we have seen an increase of 6.82% in the price of EOS as it came up to $2.3 at today’s high. Like in the case of Litecoin it is currently expecting a minor retracement with further short-term downside potential.

Read more: https://www.fxopen.blog/ltc-and-eos-breakout-seen-but-momentum-slowing-down/