The last day of the week is about to be bullish for the cryptocurrency market as most of the coins are in the green zone. XRP is the only exception, decreasing by 8%.
BTC/USD
The weekend has turned out to be bullish for Bitcoin (BTC), as bulls have seized the initiative and returned the rate of the main crypto above $19,000.
BTC/USD chart by TradingView
On the daily chart, Bitcoin (BTC) has successfully bounced off the support at $17,800. From the technical point of view, the short-term correction has finished, and bulls have seized the initiative.
Such a statement is confirmed by the MACD indicator, which is about to switch to the green zone. If that happens, the rate of the chief crypto may retest the resistance at $19,900 next week.
Bitcoin is trading at $19,297 at press time.
ETH/USD
Ethereum (ETH) is following Bitcoin (BTC) as the rate of the main altcoin has gone up by 0.76%.
ETH/USD chart by TradingView
Ethereum (ETH) has retested the "mirror" level at $562. Buyers have already seized the initiative and are ready to get the rate of the altcoin to around $650 within the nearest days. Thus, the selling trading volume is declining, implying that the short-term correction has finished.
Ethereum is trading at $587.34 at press time.
XRP/USD
XRP is the only loser from our list as the rate of the third most popular crypto has fallen by more than 8%.
XRP/USD chart by TradingView
From the technical point of view, the ongoing drop might not have finished yet, as there was no bounceback after a false breakout. Thus, there is no buyers' interest at the current levels based on low liquidity. All in all, the next stop at which bulls may show resistance is $0.45.
XRP is trading at $0.5261 at press time.
LTC/USD
Litecoin (LTC) is not an exception to the rule as the rate of the "digital silver" has increased by 3.39% over the last day.
LTC/USD chart by TradingView
On the daily time frame, bears are not controlling the situation anymore. Even though the buying volume is low, there is high liquidity focused in the area of $90. If bulls keep their pressure, the resistance may be attained by the end of the next week.
Litecoin is trading at $81.22 at press time.
LINK/USD
Chainlink (LINK) is also located in the bullish zone today, rising by 4.62% over the last day.
LINK/USD chart by TradingView
The current price rise might be considered a correction after a sharp drop but not a potential trend reversal. Applying the Fibonacci retracement on the chart, the growth may continue to the 50% level, or the $13.90 mark.
Chainlink is trading at $12.61 at press time.
BCH/USD
Bitcoin Cash (BCH) is one of the slowest growing coins today. The price rise has accounted for only 2.26% since yesterday.
BCH/USD chart by TradingView
The correction of Bitcoin Cash (BCH) has also come to an end, which means that the next target is the mirror level at $298. At the moment, it is too early to consider setting new peaks as the volume is not enough for that.
Bitcoin Cash is trading at $277.17 at press time.
ADA/USD
Cardano (ADA) is the fastest growing coin today. Its price has risen by 6.33% over the last day.
ADA/USD chart by TradingView
Cardano (ADA) could fix above the crucial resistance at $0.1381, implying that bears have failed to seize the initiative. In this regard, buyers may keep pushing to the resistance line of the Bollinger Bands indicator at $0.1274 in the near term.
Cardano is trading at $0.1556 at press time.
Any financial and market information given on U.Today is written for informational purposes only. Conduct your own research by contacting financial experts before making any investment decisions.
Recommended Content
Editors’ Picks
SEC doubles down on TRON's Justin Sun lawsuit dismissing claims over jurisdiction
The SEC says it has jurisdiction to bring Justin Sun to court as he traveled extensively to the US. Sun asked to dismiss the suit, arguing that the SEC was targeting actions taken outside the US.
XRP fails to break past $0.50, posting 20% weekly losses
XRP trades range-bound below $0.50 for a sixth consecutive day, accumulating 20% losses in the last seven days. Ripple is expected to file its response to the SEC’s remedies-related opening brief by April 22.
ImmutableX extends recovery despite $69 million IMX token unlock
ImmutableX unlocked 34.19 million IMX tokens worth over $69 million early on Friday. IMX circulating supply increased over 2% following the unlock. The Layer 2 blockchain token’s price added nearly 3% to its value on April 19.
Bitcoin Weekly Forecast: BTC post-halving rally could be partially priced in Premium
Bitcoin price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?
Bitcoin: BTC post-halving rally could be partially priced in Premium
Bitcoin (BTC) price briefly slipped below the $60,000 level for the last three days, attracting buyers in this area as the fourth BTC halving is due in a few hours. Is the halving priced in for Bitcoin? Or will the pioneer crypto note more gains in the coming days?