Cryptocurrencies price prediction: Bitcoin, Ripple & Ethereum - 12 August


Top 3 Price Prediction Bitcoin, Ripple, Ethereum: Cryptos at critical levels after Altcoins' bullish catching up – Confluence Detector

Weekends are never boring in crypto-trading – but this one has been different. Ethereum, Ripple, Litecoin, and other Altcoins have been standing out with gains while Bitcoin retreated. This catching-up process was long-awaited and provides hope for cryptocurrency bulls. Bitcoin's bullish run seemed unsustainable while Altcoins were stagnating or losing ground.

BTC/USD needs to cross $11,640

Bitcoin is currently battling the $11,404 area where we note a dense cluster including the Simple Moving Average 10-15m, the SMA 5-15m, the Bollinger Band 5-15m, the SMA 5-1h, the BB 15min-Upper, the SMA 200-15m, the SMA 10-1h, and the Fibonacci 38.2% one-day.

Bitcoin Ethereum Ripple August 12 2019 technical confluence

Ripple market update: XRP/USD struggling to hold onto the 23.6% Fibo

Ripple is trending slightly higher from the lows recorded last week around $0.2895. Bearish pressure swept in on failure to sustain gains above $0.33 resistance. The break below the moving averages massively propelled Ripple below the 61.8% Fibonacci retracement level taken between the last swing high of $0.3310 to a swing low of $0.2895.

Ripple

Ethereum price analysis: ETH/USD trading above the descending channel

Ethereum is battling with rising selling pressure on Monday. The entire cryptocurrency market is sliding slightly lower than the recent weekly close. An impressive recovery from the primary support at $200 scaled the levels above the 50 Simple Moving Average 1-hour chart.

A break above the descending channel resistance pushed the price higher. Ethereum stepped above the 100 SMA 1-hour as well as the hurdle at $215. Unfortunately, the price hit pause on forming a high at $216.90.

Ethereum

Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.

Cryptos feed

Latest Crypto News & Analysis

Editors’ Picks

Crypto market shifting to the hyperspace

As expected, the market slows down by reaching, according to indicators, transition zones between bear and bull territories.

More Bitcoin News

Bitcoin Cash Market Update: BCH/USD retreats from $280 post halving

Barely a day after Bitcoin Cash reward halving took place, buyers are already experiencing increased pressure from the sellers. The brief rally at the beginning of the week stalled at $280, leaving $300 untested.

More Bitcoin Cash News

ETH/USD drops down after encountering resistance at the SMA 200

ETH/USD is currently consolidating in a flag formation as it dropped from $173.31 to $171.75 in the early hours of Thursday. The price encountered resistance at the SMA 200 and fell down. If the bulls were to regain control, they have three obvious goals.

More Ethereum News

Litecoin Price Analysis: LTC/USD recovery hits wall at $48, can buyers hold above $45?

Litecoin price has sustained gains above a key ascending trendline since the dip to $25 support in March. Recovery has been gradual but steady. The tug of war between the bears and the bulls made the $40 level impenetrable until the surge early this week when ...

More Litecoin News

BEST CRYPTO BROKERS/EXCHANGES

Bitcoin Weekly Forecast: BTC breaks its ties with stocks, strives to return its safe-haven status

Most part of the week Bitcoin has been on the recovery path. Slowly but surely the coin left $6,500 behind and even tested waters above $7,000.

Read the weekly forecast

BTC

ETH

XRP