Market Overview

Bitcoin, Ethereum & Litecoin - American Wrap: 1/21/2020

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Bitcoin, Ethereum & Litecoin - American Wrap: 1/21/2020

Bitcoin Price Analysis: BTC/USD at risk of pull back to $8000

Bitcoin price is trading in minor positive, up some 1.10% in the second half of the session. 

BTC/USD continues to consolidate underneath $9000 barrier and on top of critical support $8500. 

The price range is narrowing which is likely to lead to an explosive breakout. 

Ethereum Price Analysis: ETH/USD bulls need to break down $175 resistance

Ethereum price is trading in the red by 1.20% in the session on Wednesday. 

The price range is seen at a high around $175 down to a low of $160.  

Near-term price behaviour shows some vulnerabilities to the downside for ETH.

Litecoin Price Analysis: LTC/USD vulnerable of potential return to $45

Litecoin price is trading in positive territory by some 1.15% in the session on Wednesday. 

LTC/USD is narrowing in terms of price action, $60 to the high, $56 to the low. 

Should the bears force a breakdown of the range-block, LTC may be forced to retest the breached daily channel. 

Image Sourced from Pixabay

Posted-In: Bitcoin crypto marketCryptocurrency News Forex Global Markets General

 

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