fbpx
QQQ
-2.02
347.36
-0.58%
DIA
-4.86
343.51
-1.44%
SPY
-5.55
427.52
-1.31%
TLT
+ 2.57
140.48
+ 1.79%
GLD
-0.02
165.87
-0.01%

Bitcoin, Ethereum & Litecoin - American Wrap: 2/24/2020

February 24, 2020 3:15 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More
Bitcoin, Ethereum & Litecoin - American Wrap: 2/24/2020

Bitcoin Price Analysis: The wave pattern suggests further weakness

Bitcoin is having a down day on Monday.

The digital gold is trading over 3% lower on a bad day for cryptocurrencies.

The chart below shows the Elliott Wave count on the 4-Hour chart.

We could now be in the 3rd wave lower which is normally the longest but never the shortest wave down in the wave formation.

Ethereum Price Analysis: ETH/USD bullish pennant subject to a breakout

Ethereum price is trading in the red by 2.10% in the session on Monday. 

ETH/USD price action is moving within a narrowing pennant structure, room for the bulls to capitalize. 

Critical support should be noted via the $250-40 price range, propping up ETH.

Litecoin Price Analysis: LTC/USD finds some support at 74.00

Litecoin has found some support after having a torrid start to the session on Monday.

There could be some resistance at 75.00 and 80.00 beyond that.

The volume has also picked up during this latest small buying spree.

Image Sourced from Pixabay

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.


Related Articles

Here's What's Happening In India's Uncertain Crypto Landscape

What Happened: After several conflicting reports over the course of the past few months, India may now move to officially classify cryptocurrency as an asset class. read more

Introducing The First S-DEX: Interview With CryptoArena's CEO

Despite the spectacular collapse the entire cryptocurrency world had to face last month, the popularity of cryptocurrency is far from behind the scenes. read more

Whales In The 'Millionaire Tier' Bought 90,000 More Bitcoins In 25 Days

What Happened: Data from on-chain analytics provider Santiment showed that Bitcoin’s largest holders had been steadily accumulating Bitcoin (CRYPTO: BTC) after buying 90,000 more bitcoins over the past 25 days. read more

Phemex Launches "Learn & Earn" Program To Educate New Crypto Users

There has been a lot of controversy surrounding blockchain tech and the use of cryptocurrencies. While proponents of the industry have touted the benefits of blockchain transactions, such as their transparency and immutability, critics have often labeled the sector a “bubble” waiting to burst. read more