Altcoin Alerts - ICO Token Sale LISTING | News | Press Release UPCOMING ICO's PAST ICO's EVENTS SUBMIT ICO

Crypto Price Analysis!

Crypto Price Analysis!

January 17, 2019 5:18 am,

Crypto price analysis has given us the opportunity to study the various cryptocurrencies and track their progress and if they have ever recovered. Cryptocurrency asset manager LedgerX has launched Bitcoin price volatility index called LedgerX Volatility Index that will function as “BTC Fear Index” similar to how the CBOE Volatility Index works for stock market. Though the index is not tradeable currently, the company plans to make it so in the future. Despite the market wide plunge last year, crypto trading volumes have actually increased in 2018 vs 2017, according to a recent report. This shows that the traders are still active in the space.


BTC has been caught between bear and bull over the course of New Year as the price shows an up-down movement. The world’s largest cryptocurrency pattern on the charts has also been reflected by the other cryptocurrencies, with the market bleeding red at the moment. Even though 2019 opened to a green spread, the situation right now is nothing short of tumultuous.

It is currently range bound between $3236.09 and $4255. The 20-day EMA has started to slope down and the RSI is also in negative territory. This suggests that the bears have an upper hand in the short term. The immediate resistance is at the moving averages and above that at the downward line. One more resistance line at $4255. Likely to get clear in the direction within the next few days.


Ripple failed to scale above the moving averages in the past 2 days. However, as it has not given much ground, we can anticipate another attempt by the bulls to scale the overhead resistance. If successful, XRP/USD pair can rally to the overhead resistance of $0.4 and above it to the resistance line of the descending channel. A break out of the channel will signal the probability of a change in trend. On the contrary, if the price turns down from the moving averages once again, it is likely to slump to the support at $0.27795. 


ETH bounced off a critical support at $11.3 on January 14th, but failed to break out of the 20-day EMA. It is currently stuck between both moving averages. A break out of the 20-day EMA can carry the price to $17.32 whereas a breakdown of the 50-day SMA and the $11.3 can plunge it to $100 and below to $83.

BCH/USDBCH has been trading in a tight range since it broke down of the support at $141. While it bears have failed to sink it towards the next support at $100, the bulls have failed to push it back above $141.  

For More NEWS click here

Submit ICO