After a surge in crypto prices, Bitcoin price spiked above $29,000. BTC is now trading at a new record level near $28,900.
Similarly, there was a small relapse in most large altcoins. ETH/USD went above the $ 745 mark, but again failed to keep up from the resistance of $745 and tested another $720. Conversely, XRP/USD recovered 10% and consolidated above $0.20.
Bitcoin price
There was a decent rise in the Bitcoin price above the resistance level of $28,000. BTC even broke the levels of $28,400 and $28,500. The price traded at a new record level near $29000. The significant supports for Bitcoin is in the $27,250 to $27,500 range.
Ethereum Price
Ethereum price followed Bitcoin and traded above the $740 level. There was a breakthrough above the $750 resistance level. ETH then corrected below $735, but now ETH is trading above $ 740. The initial support of ETh is at $720. The next big support can be seen near the level of $705.
On the upside, the price faces a major hurdle near the levels of $740 and $745. A clear breakthrough above $745 could open the doors for a steady rise to the levels of $760 and $775.
Bitcoin Cash price
Bitcoin Cash price trades near the level of $350, with initial support near the level of $342. The next major support is near the $330 level. The current price action suggests that BCH could attempt an upward breakthrough above the levels of $360 and $365 in the short term.
Litecoin Price
Litecoin (LTC) corrects gains below the $130 level. LTC tests the level of $125, with large support of $120. If there is more price fall, the price can test the support level of $112. On the other side, the price could attempt another breakthrough above the levels of $130 and $132.
Xrp Price
XRP price started a recovery above $0.195 and $0.200 resistance levels. The price is now trading above the $0.210 level. To stay higher, the bulls need to get stronger than the levels of $0.225 and $0.232. The next big resistance could be close to $0.250.
DisClamier: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
