Bitcoin eventually knocked USD 20,000 mark, an event highly expected by all crypto users. When this occurred, prices of all altcoins too increased and broke through their own consolidation areas. Here are the top 5 major coins that performed well and what to expect from them in the next 24 hours.
Bitcoin Price Analysis: BTC Price Daily Chart
BTC/USD Daily chart – TradingView
Currently, the Bitcoin price chart is displaying some interesting technicals: A mad price shoot from USD 19,200 to USD 23,400 in the last two days. At the time of writing this article, the Bitcoin price is sitting at USD 23178.29. The BTC price has decreased by -1.5% in the last 24 hours.
Now, as per our daily price chart, the next possible resistance level could be at $23776. Above that, the next notable price spot is $27575, a significant level. Nevertheless, it looks that Bitcoin price is meeting very little resistance to the upside and it is on the path of $50K mark. But we all know that after every rise, there is a fall. If not now, shortly. Back in 2017, the price kept rising, only to crash in the very commencement of few days of 2018, where a lot of events regularly occur in every market. It will be interesting to see how BTC price performs in the next 24 hours.
Most technical indicators are already massively bullish on virtually all time-frames. All the EMA’s are way below the current price and bulls seem to be in the commanding position. If we closely examine the Ichimoku Cloud indicator, then at the moment, the Bitcoin price is way above the cloud and it is climbing in the same direction as the current Bitcoin price and it could soon touch the $24000 mark.
Ethereum Price Analysis: ETH Price Daily Chart
ETH/USD Daily chart – TradingView
The second major cryptocurrency Ethereum touched the $670 mark for the first time in two years and bulls are watching for more as Bitcoin headed to touch a new all-time high above $23,000. The whole cryptocurrency market is looking massively bullish in the past 48 hours getting almost $70 billion in market capitalization. At the time of writing this the Ethereum price is sitting at $661.40. The ETH price has decreased by -1% in the last 24 hours.
Now, as per our daily price chart, the next possible resistance level could be at $677.05. Above that, the next notable price spot is $776, a significant level. Nevertheless, it looks that Ethereum price too is facing very little resistance to the upside and it is on the path of $800 mark.
In the case of ETH/USD price too, most technical indicators are already massively bullish on virtually all time-frames. All the EMA’s are way below the current price and bulls seem to be in the commanding position. If we closely examine the ETH/USD Ichimoku Cloud indicator, then at the moment, the Ethereum price is above the cloud and it is climbing but slightly away from the current price. This could indicate that there could be some price fluctuations. It will be interesting to see how ETH price performs in the next 24 hours.
Ripple Price Analysis: XRP Price Daily Chart
XRP/USD Daily chart – TradingView
At the time of writing this, the XRP price has increased by almost 5.6% in the last 24 hours. At the time of writing this, the Ripple price is sitting at 0.5893. In the last 30 days, the Ripple price has increased by almost 90%. Now, as per our daily price chart, the XRP price has some resistance levels. The next possible resistance level could be at 0.62. Above that, the next notable price spot is 0.68 and then 0.74.
If we closely examine the XRP/USD Ichimoku Cloud indicator, then at the moment, the XRP price is slightly above the cloud and it is climbing but away from the current price. This could indicate that there could be some price fluctuations. It will be interesting to see how XRP price performs in the next 24 hours.
Litecoin Price Analysis: LTC Price and the Daily Chart
LTC/USD Daily chart – TradingView
As mentioned in our previous analysis, with the 20k target of Bitcoin achieved, Litecoin’s own objective of USD 100 was also achieved. In the last 24 hours, the LTC price has increased by almost 14.5%. At the time of writing this the LTC price is sitting at $110.87.
If we closely examine the LTC/USD Ichimoku Cloud indicator and other indicators, then at the moment, the LTC price is way above the cloud and it is climbing. This could indicate that there could be some price increase. It will be interesting to see how LTC price performs in the next 24 hours. Now, as per our daily price chart, the LTC price has some resistance levels. The next possible resistance level could be at $116.77. Above that, the next notable price spot is $127.96. It will be interesting to see how LTC price performs in the next 24 hours.
Chainlink Price Analysis: LINK Price and the Daily Chart
LINK/USD Daily chart – TradingView
The recent craze of a strong 20k hit was completely different for ChainLink. The LINK price remained on its normal uptrend. While some would invest in volatile coins, others favor slow and uniform options. In the last 24 hours, the LINK price has increased by almost +1.3%. At the time of writing this, the Chainlink price is sitting at $13.622.
If we closely examine the LINK/USD Ichimoku Cloud indicator and other indicators, then at the moment, the LINK price is not above the cloud and. This could indicate that there could be some price increase or decrease. It will be interesting to see how LINK price performs in the next 24 hours. Now, as per our daily price chart, the LINK price has some resistance levels. The next possible resistance level could be at $13.92. Above that, the next notable price spots are $14.51 and $15.24. It will be interesting to see how LINK price performs in the next 24 hours.