Bitcoin, Ethereum & Litecoin - American Wrap: 1/16/2020

Bitcoin Price Analysis: BTC/USD daily candle presents a risk of reversal

Bitcoin price is trading in the red, down some 1.45% in the second half of the session.

BTC/USD daily candle of Wednesday has formed a Doji, indicating a potential reversal.

The next major barrier of support is eyed down at the $8500 price mark.

Ethereum price is trading in the red by -0.80% in the session on Thursday.

The daily candle on Wednesday produces a doji candlestick to indicate a potential reversal.

In terms next major zone of support, this is seen from a range of $160-150.

Litecoin price is trading in negative territory by some 3.50% in the session on Thursday.

LTC/USD have lost momentum for now, as price retreats to critical demand zone.

The price is running towards its second consecutive session in the red.