Trading | 6 months ago
In the Daily Crypto Analysis segment, we do the in-depth cryptocurrency market analysis and provide the insights, and unbiased information on leading cryptocurrencies like Bitcoin, Ethereum, Dogecoin and Litecoin.
Bitcoin price has rallied to $61,000 high on last Saturday trading session. Bitcoin is expected to revisit the next resistance zone of $62,000 level price. currently Bitcoin is consolidating at $58,000 price level which is a very important support zone for Bitcoin. one must look for buying opportunities in Bitcoin at this price. The bullish investors are likely to aim at $62,000 for the Bitcoin.
Ethereum is trading steadily after a major correction from $1400 price level against U.S. dollar. Ethereum touched a weekly high of $1,943 last week. Currently Ethereum is consolidating at $1800 price level. This is the closest support zone for Ethereum at the moment. One must look for buying opportunities in Ethereum with a strict stop loss at $1750 level. If Ethereum gets an upside support, then it will touch the next resistance zone of $1,950 price level
Litecoin showed a strong bullish momentum on last Friday and Saturday. Litecoin rose by 9.61% on Friday trading session and 2.4 % on Saturday trading session. These bullish moves pushed the Litecoin's market capitalization to $15 billion dollars. Currently Litecoin is consolidating at $210 price level which is also an important support zone of Litecoin. One must look for buying opportunities in Litecoin at this support level.
Dogecoin has been trading in a downtrend from quite some time. However, Dogecoin rose by 21% on 8th march and 14% on 13th March that is on Saturday trading session. Dogecoin adoption has been boosted by many celebrities and investors including Mark Cuban and Elon Musk. At the time of writing, the price of DOGE is below $0.056, but continuous promotion by many celebrities is working like a catalyst to increase the price of Dogecoin. One must look for buying opportunities in Dogecoin.
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