Advertisement
U.S. markets close in 25 minutes
  • S&P 500

    5,261.31
    +12.82 (+0.24%)
     
  • Dow 30

    39,836.84
    +76.76 (+0.19%)
     
  • Nasdaq

    16,397.94
    -1.58 (-0.01%)
     
  • Russell 2000

    2,124.00
    +9.65 (+0.46%)
     
  • Crude Oil

    83.10
    +1.75 (+2.15%)
     
  • Gold

    2,241.00
    +28.30 (+1.28%)
     
  • Silver

    24.97
    +0.22 (+0.88%)
     
  • EUR/USD

    1.0791
    -0.0039 (-0.36%)
     
  • 10-Yr Bond

    4.2060
    +0.0100 (+0.24%)
     
  • GBP/USD

    1.2622
    -0.0016 (-0.12%)
     
  • USD/JPY

    151.4040
    +0.1580 (+0.10%)
     
  • Bitcoin USD

    70,796.09
    +2,271.01 (+3.31%)
     
  • CMC Crypto 200

    885.54
    0.00 (0.00%)
     
  • FTSE 100

    7,952.62
    +20.64 (+0.26%)
     
  • Nikkei 225

    40,168.07
    -594.66 (-1.46%)
     

Bitcoin, Ethereum & Litecoin - American Wrap 6/18

Bitcoin Chart Analysis: BTC/USD remains stagnant trading between $9,400 and $9,500

Another decent bullish reversal candlestick was formed on June 17. Unfortunately, Bitcoin hasn’t seen any notable continuation after two bullish reversal candlesticks. Bulls need to hold the daily 26-EMA and encounter a resistance level at the 12-EMA at $9,499.

Ethereum Market Update: Ethereum loses attractiveness as a means of payment

Ethereum is changing hands at $233.00, mostly unchanged both since the start of Thursday and on a day-to-day basis. ETH/USD touched the low of $218.14 on May 15 and got back above $230.00. The sell-oof stopped on approach to daily SMA50, however, the further recovery is limited at this stage due to Ethereum's high correlation with Bitcoin.

Litecoin Price Analysis: 43.50 looks like a strong support level

There is a head and shoulders pattern that has emerged on the hourly chart which could send the price lower. But stopping this there is also a stubborn support level at 43.50 which the bears need to crack. To add it the bearish woes the price is also trading below the 55 and 200 moving averages.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

Advertisement