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

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Bitcoin price prediction: BTC/USD sandwiched between massive resistance and support levels

Bitcoin managed to have a bullish day after five straight bearish days. So far today, BTC/USD has gone up from $10,190 to $10,223.45. The hourly chart shows us that BTC/USD went up to $10,253.

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Litecoin price analysis: LTC/USD bullish frenzy is unstoppable

Litecoin like other major altcoins has been performing relatively well since the beginning of the week. The bullish action continued on Wednesday with Litecoin rising to an intraday high of $76.2644. 

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NEO price analysis: NEO/USD retreats from intraday high, upside momentum recedes

NEO is performing strongly on Wednesday. The 20th largest digital asset with the current market value of $69 million gained over 7% both on a day-on-day basis and moved nearly 3% higher since the beginning of the day.  At the time of writing, NEO/USD is changing hands at $9.80, off the intraday high of $9.87. 

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TRON market update: TRX/USD tests DMA50 for the first time since July

TRON (TRX) is one of the best performing coins on Wednesday. TRX/USD has gained over 10% of its value to trade at $0.0178 by press time. While the coin has retreated from the intraday high ($0.0178), the upside momentum is still strong as TRX is moving in sync with the rest of the market. 

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Bitcoin Weekly Forecast: Rangebound trading and September blues come upon the crypto market

Bitcoin finishes the week with marginal losses. The first digital currency recovered from the recent low of $9,886 but stayed in the red zone as of the end of the week.

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