Technical Analysis ETH, LTC, XRP A brief look at slump and possible continuation
1 min read
A brief look at the sinks and possible continuation on the ETH, LTC and XRP charts. Let’s see how much these altcoins have fallen, as well as their supports.
[ETH / USD] In 2020 to the current value: +0.82%
Especially the last two days, when there was a big fall on Bitcoin, pulled the whole growth on ETH. Bitcoin is currently tracking world markets, which dropped 9% after US closure of airports. Massive downturns had an impact on Bitcoin and therefore on the Altcoins. The current value of Ethereum is $ 130.
We saw support at $ 102. If we could not maintain support at this value, the additional support is at $ 83
[LTC / USD] In 2020 to the present value: -10.8%
Litecoin is currently valued at $ 37 a piece. Its balance is -10% for 2020. Since high 2020 we have seen a 56% decline to the present value. We monitor the closest support at $ 23. Litecoin with values of 23 USD reached the level of December 14, 2018, where we recorded the current lowest values since the bull market in 2017. This is a picture of the critical state of the world financial markets, which, of course, reflected in the price of cryptocurrencies.
[XRP / USD] In 2020 to present value: -15.68%
Ripple is currently worth $ 0.156. Like the whole market, Ripple fell significantly and its current value is from 01.01.2020 in a loss of 15%. These values are similar to those in 2017 before the bull market. This means that they are lower than in 2018 and 2019 and at the same time the lowest for 2020.
