Der DXY kühlt allmählich ab und Krypto und Aktien drehen nach oben. Wie könnten BTC und die Altcoins auf den bullischen Schwung auf dem Markt reagieren?
Litecoin to $100 looks probable as breakout at resistance gets underway
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Litecoin is attempting to break above $80
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The upcoming halving event is seen to boost the price
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A successful breakout will see buyers eye the next resistance at $100
If you have been eyeing Litecoin (LTC/USD), it is time to get even more curious, as the latest price action looks exciting. The area around $80 was a stumbling block to Litecoin during its bullish rally in November. Bears took the chance to push the price lower, retesting the $64 support but bulls resuscitated thereafter.
In a tug-of-war between bulls and bears, the former is seemingly winning as Litecoin attempts to clear the $80 barrier. The cryptocurrency surged to $82, although it is not clear if the daily candlestick will close above to consider a breakout. Should a bullish market be confirmed, a journey to $100 looks very likely. Investors would better watch how the price action plays out next.
If you might have missed it, you could refer to the CoinJournal analysis on how Litecoin’s halving event is influencing price. But aside from this critical event, Litecoin could draw from the slightly improved crypto sentiment to force a breakout. Most cryptocurrencies have staged recoveries as of press time. So how will you tell if a breakout has occurred in LTC price?
LTC surges with higher momentums at $80
On the daily chart technical outlook, momentum is very strong for LTC. The daily candlestick is piercing through the $80 resistance zone. There is a surge in the buy-side volumes, indicating buyers are very active on LTC. The price also stays clear of the moving averages and ascending trendline.
When to consider a breakout?
LTC must clear $80, with the daily candlestick closing above, to consider a successful breakout. If the price closes above this crucial level, buyers may get attracted. LTC could surge to nearly $100, the potential resistance zone.
On the contrary, if the LTC price closes below $80, the token could be due for a correction. We consider the former a more likely scenario but investors should be open to both.
Where to buy LTC
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Litecoin to $100 looks probable as breakout at resistance gets underway appeared first on CoinJournal.
Ethereum price heading to $16,000? What could happen next
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Ethereum recovered by more than 4% on Monday
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The cryptocurrency has maintained an uptrend
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A break above $1,250 sets ETH to $16,000 with short-term corrections at $1,350 and $1,450
Relief rallies are here, and even before we go further, Ethereum (ETH/USD) is back above $1,300. To a crypto native, this price level should inform you that Ethereum has overcome a resistance hurdle at $1,250. We have seen it happen before, cryptocurrencies breaking key levels and crashing below them afterward. That’s when you recognise how volatile digital assets are. But of course, you do not want to miss on slight opportunities as they emerge, and Ethereum could be one of them.
Trading up 4.66% as of press time, Ethereum was again showing why investors should never lose hope. Ethereum has been regarded as the home of decentralised finance and non-fungible tokens. Analysts expect these two nascent sectors to continue growing despite getting it rough in 2022. So, timing your investment in Ethereum is all you need, both short and long-term. But is the recent rally an indication of the start of a bullish market?
We would be too cautious about calling a bullish market for Ethereum and any other crypto now. However, as ETH price action shows, $16,000 could be the inevitable target only if…
Ethereum price outlook and analysis
Ethereum’s price outlook shows it has overcome resistance at $1,250. The momentum has increased significantly since the breakout. The moving averages now support the price, with the 20-day MA attempting to close above the 50-day MA. Ethereum has maintained movement above the short-term ascending trendline and trades with higher highs and higher lows.
What next for ETH?
Ethereum price is set for the $1,350 level in the current bullish run. A break above this zone will see buyers target $1,450 next. Still, we set a price target at or above $1,600, the established resistance. For ETH to hit the price level, bulls must keep price above the ascending trendline and moving averages. However, short-term corrections are expected at the near-term resistances of $1,350 and $1,450.
Where to buy ETH
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Ethereum price heading to $16,000? What could happen next appeared first on CoinJournal.
BTC-Kurs auf Dreiwochenhoch: Fünf wichtige Dinge bei Bitcoin diese Woche
Bitcoin klettert auf über 17.000 US-Dollar, doch Trader sind weiter vorsichtig.
Solana could maintain bullishness if this happens
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Solana token has added nearly 50% of value in a week
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The gains come amid the BONK token launch
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SOL has overcome a resistance and eyes higher level if it closes above key zone
For the first time since the crash orchestrated by the FTX, Solana (SOL/USD) has recovered above the 50-day moving average. That comes as the SOL price has risen by nearly 50% in the past week, outperforming other major cryptocurrencies at the top. SOL has also recovered above the $15 resistance, giving buyers hopes of a further upside. The fundamentals are good too.
Crypto analytics Token Termina shows that the daily active users on Solana continued to rise in January. Since the start of 2023, the number of active users has increased by 55.9% or 56,000 to 160,000. That suggests that users have not given up on the proclaimed Ethereum killer, which had a set of challenges last year. There are reasons for this rise in active users.
Bonk Inu, or simply BONK, continues to attract fans. Launched just a week and a half ago, BONK has been a crypto sensation, with the dog-themed cryptocurrency rising by four digits in value. The token is based on the Solana network. On its Twitter page, Bonk regards itself as the “first Solana Dog Coin for the people and by the people.” The hype around this token’s launch has given Solana network airtime and attracted users.
Moving averages joint support for SOL
Technically, Solana has crossed above a crucial resistance at $15. Bulls have failed to break above this key level since early November 2022. Also, the price has moved above the 20-day and 50-day moving averages for the first time since November. A RSI reading of 72 shows an intensified buying of SOL.
Likely price action for SOL
SOL is clearly overbought, as shown by the RSI reading of 72, and could correct downwards. However, we remain optimistic the upside will be maintained to the $18 level as momentum is strong. For the bullish surge to be maintained, SOL must overcome $18. That could set the cryptocurrency for longer-lasting rallies to the $28 zone.
Where to buy SOL
eToro
eToro is a global social investment brokerage company which offers over 75 cryptocurrencies to invest in. It offers crypto trading commission-free and users on the platform have the option to manually invest or socially invest. eToro even has a unique CopyTrader system which allows users to automatically copy the trades of popular investors.
OKX
OKX is a top cryptocurrency exchange which offers over 140 cryptocurrencies to invest in. OKX takes customer security very seriously, they store almost all of their clients‘ funds in cold storage, and the exchange is yet to be hacked. On top of this, the exchange offers very low fees and customers can even use their crypto as collateral for loans on the platform.
The post Solana could maintain bullishness if this happens appeared first on CoinJournal.