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Bitcoin, Ethereum & Litecoin - American Wrap: 2/18/2020

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Bitcoin, Ethereum & Litecoin - American Wrap: 2/18/2020

Bitcoin Price Analysis: BTC/USD rockets back above the big $10,000 mark

Bitcoin price is trading in positive territory, up 3.40% in the second half of the session. 

BTC/USD is heading back for another purposeful retest of the barrier at $10,500. 

The price managed to stage a rebound, after receiving support at the round figure of $9500.

Ethereum Price Analysis: ETH/USD can fly if $270-290 supply zone is broken down

Ethereum price is trading in the red by 1.40% in the session on Tuesday. 

ETH/USD price action is very much choppy, as seen over the last seven sessions. 

The bulls must break down a barrier of resistance running around the $270-290 range. 

Litecoin Price Analysis: LTC/USD has broken out of an intraday chart pattern

Litecoin is breaking higher today like much of the other cryptos on Tuesday.

The sell-side volume is still much larger so we would need a pick up to ensure the market is behind this move.

At the moment 70.00 seems to be a good area of support for LTC/USD and a break of the 77.30 resistance would be a good sign for the bulls.

Image Sourced from Pixabay

 

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