Updating The Digital Currency Market: Pettkin And Alternative Currencies Are Progressing Slowly
Recently, we have seen an improvement in the purchases, which led to a bullish move in the price of the composition . The BTC / USD pair started to rise slowly and steadily and rose above resistance levels at $ 4,000 and $ 4,200. Similarly, the price of the cathode gained momentum and traded above the resistance levels of $ 115 and $ 120. The low-yielding resistance exceeded the resistance at $ 0.380 and appears to be making more gains above the USD resistance at 0.400. The overall technical structure is positive, which could push the currency and the currency higher in the near term.
Total market value
The price of the product
After a strong bullish move above $ 3,800, the price of the Betcairn broke $ 4,000 and $ 4,400 for resistance levels. The pair traded near $ 4,350 and later started to consolidate gains. Now the price is 4% higher and trading near $ 4,250.
Initial resistance stands at $ 4,300, a price that could outweigh the resistance at $ 4,350. The next major resistance for buyers is near $ 4,500. On the downside, initial support is at $ 4,100 and $ 4,000, which could lead to a drop to $ 3,800.
The price of the etherium
The price of the etherium rose to the top and breached the $ 115 barrier and the $ 120 barrier. The price of the ETH / USD pair rose above $ 125 and then corrected to $ 120.
The price is now back above $ 120 and seems to be returning to the resistance zone of $ 125- $ 126. If the currency reaches above $ 126, the next price is likely to be $ 132. On the downside, major support levels are $ 115 and $ 112.
Cash and ripple prices
The BCHABC currency remained confined to a narrow range above the $ 180 support area. BCHABC should break the resistance levels at $ 195 and $ 200 to start a new bullish move. The price of BCHSV again rose above $ 100 by about 4%. The next resistance on the upside is US $ 110, which is then the price that would bring the price back to $ 120.
The price of the riyal continued to rise and broke the resistance levels at $ 0.375 and $ 0.380. The XRP / USD pair now faces major resistance near $ 0.400. The main support on the downside is at $ 0.380, followed by $ 0.372.
Other alternative currencies
Numerous alternative digital currencies have boosted their recent gains and have risen more than 15% today, including BTCP, XVG, SRN, FCT, PPT, TRX, PIVX, KMD and AION. Among these, BTCP rose about 60% and rose by about 35% XVG.
In general, the positive return to the positive region has returned over $ 4,000. However, the BTC / USD pair should continue to climb above $ 4,350 and $ 4,500 to lower selling pressure. If buyers fail to maintain gains above $ 4,000, there is a possibility that the price of the commodity will move into a bearish territory. Similarly, alternative currencies such as Atherom, Ripple, New Wayous, and Light Quinn should stay up to keep things going.