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XRP, ETH and LTC Reflect Downtrend in the Weekly Chart

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Ethereum Price Analysis:

Ethereum is the second-largest coin in the crypto market. The coin has a flourishing past, and we are sure that it would have a great future too. The current situation of the crypto market is not impressive. The same has affected the coins also. Ethereum is expected to start the price rally in some time. To understand the momentum of the ETH coin, let’s have a look at the chart.

Ethereum price chart - Aug 13
Ethereum Chart By TradingView

Above chart is reflecting downtrend in the price of Ethereum. The coin opened at $226.47 on 7th August and kept a moderate movement & closed at $226.01. On 8th August, the coin started the regression. Ethereum price changed from $226.01 to $221.93 by 1.74%. On 9thAugust, the coin slipped from $221.93 to $214.37 by 3.44%. On 10th August, the downtrend continued. ETH coin fell from $214.3 to $207.01 by 3.43%. The coin touched $216.74 on 11th August from $207.01 by 4.70%. On 12th August, the Ethereum again slipped from $216.74 to $208.98 by 3.58%. The coin is currently dealing at $209.58. The coin is recommended for long-term investors.

Ripple Price Analysis:

Ripple (XRP) is the third-largest coin in the market. The Market Cap is marked at $12,758,069,948. The coin is likely to improve in the coming days. There is a high prospect of an upsurge in the future. The week-long XRP price chart is reflecting fall.

Ripple price chart - Aug 13
Ripple Chart By TradingView

XRP started at $0.31182 on 7th August. Ripple coin booked a regression of 0.36% and reached $0.31074. The downtrend continued on 8th August. The price counters changed from $0.31074 to $30911 by 0.52%. On 9th August, the XRP coin dropped by 2.52%. The price fell from $0.30911 to $0.30131. On 10th August, Ripple started recovering. The coin opened at $0.30131 and went up to $0.30245 by 0.38%. The upsurge couldn’t hold itself. On 11th August, the coin changed places from $0.3024 to $0.3019 by 0.16%. On 12thAugust, XRP coin gain fell from $0.302 to $0.301 by 0.25%. Today, the coin again opened with a drop of 1.64%. The coin slipped from $0.30125 to $29632. The coin would improve and start moving up. The coin would be best suited for long-term traders.

Litecoin Price Analysis:

Litecoin is the fifth-largest coin in the market. The coin has shown a remarkable momentum in the first two quarters. There is a high expectation of Litecoin replacing Bitcoin in the future. Let’s have a look at the weekly chart.

Litecoin price chart - Aug 13
Litecoin Chart By TradingView

The Litecoin chart is reflecting a heavy fall. The coin opened at $93.024 on 7th August. The coin fell from $93.024 to $90.181 by 3.06%. On 8th August, the coin booked an upsurge. The coin jumped from $90.181 to $90.642 by 0.57%. On 9th August, the coin again fell from $90.642 to $85.796 by 5.40%. On 10th August, the coin again jumped from $85.79 to $86.58 by 0.85%. On 11th August, the coin again jumped from $86.58 to $89.369 by 3.22%. Yesterday, the LTC price again fell from $89.369 to $85.796 by 4.06%. Today, the downtrend continued. Litecoin price changed from $85.796 to $84.524 by 1.48%. The fall would be over soon. The long-term investors should dig in Litecoin to draw massive returns.

Source:cryptonewsz

Ethereum

Ethereum technical analysis: Daily ETH/USD keeps trudging along sluggishly in an $11-range

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  • ETH/USD went up from $187.15 to $188.10 so far this Wednesday.
  • The MACD indicator in the daily chart shows decreasing bullish market momentum.

ETH/USD daily chart

fxsoriginal

ETH/USD is moving along sluggishly in a narrow $11-range between $180.15 and $191.30. This Wednesday, ETH/USD went up from $187.15 to $188.10, which has been wholly negated so far this Thursday. The daily chart is floating above the 20-day Simple Moving Average (SMA 20) and SMA 50. The Moving Average Convergence/Divergence (MACD) indicates decreasing bullish momentum.

ETH/USD 4-hour chart

fxsoriginal

The 4-hour ETH/USD price has charted an evening star pattern and is floating above the SMA 50 and SMA 20 curves. The Elliott Oscillator shows six straight green sessions of increasing intensity.

ETH/USD hourly chart

fxsoriginal

The hourly ETH/USD has broken below the upward channel formation and the red Ichimoku cable. The SMA 20 curve acts as immediate market support. The Relative Strenght Index (RSI) indicator is trending around 56.25.

Key Levels

ETH/USD

OVERVIEW
Today last price187.14
Today Daily Change-0.91
Today Daily Change %-0.48
Today daily open188.05
TRENDS
Daily SMA20185.28
Daily SMA50180.06
Daily SMA100187.39
Daily SMA200214.26
LEVELS
Previous Daily High189.65
Previous Daily Low185.27
Previous Weekly High194.8
Previous Weekly Low179.18
Previous Monthly High199.04
Previous Monthly Low153.28
Daily Fibonacci 38.2%187.98
Daily Fibonacci 61.8%186.94
Daily Pivot Point S1185.67
Daily Pivot Point S2183.28
Daily Pivot Point S3181.29
Daily Pivot Point R1190.04
Daily Pivot Point R2192.03
Daily Pivot Point R3194.42

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Ethereum

Ethereum (ETH) Could Break Higher After Long Consolidation

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  • Ethereum price seems to be consolidating for quite some time above $180 against the US Dollar.
  • The price could start a strong upward move above $190 as long as it is above $180.
  • There is a short term ascending channel forming with support near $186 on the hourly chart of ETH/USD (data feed via Kraken).
  • Bitcoin is still capped by the $8,880 and $8,960 resistance levels.

Ethereum price is trading in a broad range versus the US Dollar and bitcoin. ETH price remains well bid above the $178 support and it could soon make an upward move.

Ethereum Price Analysis

In the past few days, Ethereum consolidated in a broad range above the $180 support against the US Dollar. ETH bears made a few attempts to push the price below the $180 and $178 support levels, but they failed.

Similarly, there was no upside break above the $188 and $190 resistance. Recently, the price revisited the $182 support area and started a fresh increase. It broke the $185 resistance and the 100 hourly simple moving average.

Moreover, there was a spike above the $188 resistance. However, Ethereum failed to surpass the $190 resistance area and it is currently correcting recent gains. It is now trading below the 23.6% Fib retracement level of the upward move from the $182 low to $190 swing high.

At the moment, the price is approaching the $186 level and the 100 hourly simple moving average. Besides, there is a short term ascending channel forming with support near $186 on the hourly chart of ETH/USD.

More importantly, the 50% Fib retracement level of the upward move from the $182 low to $190 swing high is just below the channel support. Therefore, the price could find bids near $185 and continue higher.

On the upside, the $188 and $190 levels are important hurdles for the bulls. A successful close above the $190 level is needed for a bullish continuation.  The next key resistances are near $200 and $205.

Conversely, the price could break the channel support and decline below $185. In the mentioned case, the price is likely to revisit the range support area near the $182 level.

Ethereum Price

Ethereum Price

Looking at the chart, Ethereum price is stuck in a broad range above the $182 and $180 supports. If the bears continue to struggle near $182, the price is likely to start a strong upward move above $190 in the near term.

ETH Technical Indicators

Hourly MACD – The MACD for ETH/USD is slowly losing momentum in the bullish zone.

Hourly RSI – The RSI for ETH/USD is currently declining and approaching the 50 level.

Major Support Level – $182

Major Resistance Level – $190

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Ethereum

Ethereum Nears End of Consolidation Period as Big Move Looms on Horizon

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Ethereum (ETH) has been trapped beneath its near-term resistance level at $190 for over a month and has shown few clear signs of gaining any notable momentum that will allow it to decisively propel past this level.

Analysts are now noting, however, that Ethereum may be nearing the apex of a bullish flag formation that could send its pricing surging higher in the near-term, meaning that it may soon decisively break above its long-held resistance level at $190 and target a movement up towards $200.

Ethereum Continues Consolidating Below $190

At the time of writing, Ethereum is trading up just over 1% at its current price of $188.30, and it has been inching higher over the past couple of days as it slowly approaches its key near-term resistance level at $190.

Over the past month, ETH has been ranging between lows of $160 and highs of $190, with each visit to the lower range boundary being met with strong buying pressure and each visit to $190 being met with significant selling pressure that tends to push its price down towards $180.

The formation of this relatively wide trading range has come about concurrently with a period of sideways trading for Bitcoin, which was previously caught within a tight trading range between $9,000 and $9,500 before it broke below this range and found strong support at $8,700.

ETH May Soon Incur Bullish Momentum

In the near-term, it appears that Ethereum’s price action is only loosely correlated with that of Bitcoin, as analysts are noting that ETH may soon break above its near-term resistance level and surge towards $200.

CryptoGainz, a popular cryptocurrency analyst on Twitter, spoke about this in a recent tweet, referencing ETH’s recent break above the upper boundary of its previously established descending triangle, while also referencing the fact that it is currently trading within a bullish pennant.

“$ETH wants to break out,” he concisely noted.

Jonny Moe, another popular crypto analyst, shared a similar observation in a recent tweet, explaining that he believes Ethereum is nearing the end of its consolidation phase.

“Watching $ETH for possible end of consolidation soon,” he said while pointing to the chart seen below.

The coming day may elucidate the long-term significance of the bullish chart patterns currently expressed by Ethereum, as any bullish momentum may send the crypto flying towards the $200 region.

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