Bitcoin achieved a bullish momentum and traded to a new yearly high over USD 19,800 while Ethereum settled beyond USD 600, XRP is facing hurdles near USD 0.655; Litecoin rallied 10% and surpassed the USD 88.00 resistance.
There was a steady climb in bitcoin beyond the USD 19,000 resistance in the past three sessions. BTC surpassed the last swing high near USD 19,500 and traded to a new yearly high beyond USD 19,800. Bitcoin is currently (05:00 UTC) consolidating gains, and it could attempt a move towards USD 20,000 in the near term.
Moreover, there were positive moves in most significant altcoins, including Ethereum, XRP, Litecoin, EOS, XLM, LINK, BNB, TRX, bitcoin cash, and ADA. ETH/USD settled beyond the USD 600 pivot level and even traded close to USD 620 before correcting lower. XRP/USD is trading well beyond USD 0.620, but it faces hurdles near USD 0.655 and USD 0.662.
Total market capitalization
Bitcoin Price
After a successful close beyond USD 19,000, bitcoin extended its rise beyond the USD 19,200 resistance. BTC managed to gain strength beyond the USD 19,500 resistance, and it even spiked beyond USD 19,800. There was no test of the USD 20,000 resistance, and BTC is currently correcting gains.
Initial support on the downside is near the USD 19,200 level. The first significant support is near the USD 19,000 pivot level, below which BTC could test the critical USD 18,800 support zone.
Ethereum Price
Ethereum followed bitcoin and traded beyond the USD 600 resistance. ETH even traded beyond USD 615, but it failed to clear the recent yearly high of USD 623. The ETH is currently correcting gains, and it could test the USD 602 and USD 600 levels.
On the upside, the USD 615 and USD 620 levels are vital barriers. A clear break beyond the USD 620 level might call for a new 2020 high beyond the USD 625 level in the near term.
Bitcoin Cash, Litecoin, and XRP Price
Bitcoin Cash surged 7%, and it broke the main USD 300 resistance. BCH is trading beyond the USD 310 level, with an immediate resistance at USD 318 and USD 320. Any further gains could lead BCH towards the USD 335 level. On the downside, the previous resistance at USD 300 may act as a support.
Litecoin (LTC) is up over 10%, and it broke many hurdles near USD 86.50 and USD 88.00. LTC even spiked beyond USD 90.00. The next key resistance is near USD 92.00, beyond which LTC might rise towards the USD 98.00 and USD 100.00 levels. On the downside, the USD 86.50 level could provide support.
XRP gained bullish momentum beyond USD 0.640, and it even spiked beyond the USD 0.655 resistance. XRP shows positive signs, but a close beyond USD 0.655 and USD 0.662 is a must to move towards the USD 0.688 and USD 0.700 levels in the coming sessions. On the downside, the USD 0.620 level is strong support.
Other Altcoins Market Today
Many altcoins climbed over 5% in the past few hours, including BTT, MANA, NEXO, SUSHI, ZEN, TRX, LUNA, HOT, XEM, and ANT. Out of these, BTT rallied almost 20%, and MANA gained 10%.
Overall, the Bitcoin is showing positive signs beyond USD 19,000 and USD 19,200. It won’t be easy for BTC to clear the USD 19,800 and USD 20,000 resistance levels in the short-term.
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