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Bitcoin, Ethereum & Litecoin - American Wrap: 12/30/2019

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Bitcoin, Ethereum & Litecoin - American Wrap: 12/30/2019

BTC/USD Price Analysis: Watch out in thin market conditions!

The chart below directly illustrates why trading Bitcoin can be dangerous at times. 

The top chart shows BTC/USD prices on the Bitfinex exchange, while the bottom shows the same pair trading on Coinbase.

On the chart above there was a clear mini-crash lower with decent volume behind it. The difference can be measured in percentage on the right-hand side.

Amazingly, 7201.30 was the candle low on Bitfinex while on Coinbase the low stands at 7244.56.

Ethereum Technical Analysis: ETH/USD must break $140 for any hope of a recovery

Ethereum price is trading in the red by some 0.35% in the session on Friday. 

ETH/USD price action is running at four consecutive days in the green, as the bulls look to regain control.  

A big barrier of resistance can be observed at the $140 price mark. 

Litecoin Technical Analysis: LTC/USD bulls have the opportunity to push for a recovery

Litecoin price is trading in minor negative territory by some 0.50% in the session on Monday. 

LTC/USD is running with three consecutive sessions in the green, as the bulls push for a recovery. 

The next major area of interest will likely be towards the psychological $50 mark. 

Image Sourced from Pixabay

 

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Posted-In: BitcoinCryptocurrency News Eurozone Forex Global Markets General

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