• Bitcoin is trading in a tight range under $3,600.
  • Litecoin bulls give way amid continued profit-taking.

Cryptocurrency market is a mixed picture on Thursday. The total value of digital assets in circulation stays above $121B against $122.8B the same time on Wednesday.

All top-10 coins are in red except for Tether. Litecon and EOS are among the biggest losers, while Bitcoin and Ethereum are the best from the worst as the two largest coins are mostly unchanged since this time on Wednesday.

Bitcoin struggles at $3,600

BTC/USD is still under $3,600 handle despite numerous attempts to break higher. The longer the coin sits below this area, the higher the chance for another leg down. The strong support lies with $3,500. Most likely, this area will stop the sell-off and trigger the recovery. On the upside, we need a sustainable move above $3,650 to proceed to a recent high of $3,707.

Ethereum dips below $123.00

ETH/USD dropped under $123.00 handle during Asian hours, which bodes ill with further recovery ideas. We will need to see it back soon; otherwise, $121.00-$120.80 support area will come into view. On the upside, the ultimate target is $125.50. However, it seems to be out of reach currently.

Litecoin gives back ground

LTC/USD is one of the biggest losses. The coin is down over 5.5% on a day-over-day basis to trade at $41.00 at the time of writing. Litecoin average daily trading volumes exceeds $1B, which is nearly twice as high as the long-term average.


Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Recommended content


Recommended Content

Editors’ Picks

Bitcoin extends gains after Fed cut interest rate

Bitcoin extends gains after Fed cut interest rate

Bitcoin extends recent gains and trades above $62,000 at the time of writing on Thursday, following a 2.4% increase the previous day after the Federal Reserve’s (Fed) dovish decision to cut interest rates by 50 basis points.

More Bitcoin News
Solana announces details of Seeker, second mobile device after Saga phone

Solana announces details of Seeker, second mobile device after Saga phone

Solana Lab’s second phone, Seeker, is set to launch in 2025. At Token2049, a global conference for crypto, Solana’s General Manager Emmett Hollyer said that the new mobile would be a “rewards magnet” for its users.

More Solana News
Is Altcoin season here?

Is Altcoin season here?

Altcoin season is when cryptocurrencies other than Bitcoin see substantial price increases. On-chain data indicate that the Altcoin Season Index has further potential for growth. 

More Altcoin News
Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin surges to $62,000 mark after 50 bps Fed rate cut

Top 3 Price Prediction Bitcoin, Ethereum, Ripple: Bitcoin surges to $62,000 mark after 50 bps Fed rate cut

Bitcoin breaks and closes above 100-day EMA around $60,781, eyes for a rally ahead. Ethereum price approaches its key resistance level at $2,461; a close above would suggest a bullish move.

More Cryptocurrencies News
Bitcoin: On the road to $60,000

Bitcoin: On the road to $60,000

Bitcoin price retested and bounced off from the daily support level of $56,000 this week. US spot Bitcoin ETFs posted $140.7 million in inflows until Thursday and on-chain data supports a bullish outlook.

Read full analysis
Moneta Markets review 2024: All you need to know

Moneta Markets review 2024: All you need to know

VERIFIED In this review, the FXStreet team provides an independent and thorough analysis based on direct testing and real experiences with Moneta Markets – an excellent broker for novice to intermediate forex traders who want to broaden their knowledge base.

Read More

BTC

ETH

XRP