Market Review. Results of the Day. A Small (?) Correction. 02/21/2018.

February 22, 2018


Changes (24h):

BTC $10,581

ETH $831.58

XRP $0.962

BCH $1,291.20


Technical analysis.

Today, all main cryptocurrencies jointly headed down. Bitcoin, Ethereum, Ripple, Litecoin and Monero failed to resist. Trading volumes grew today, although they were at low levels recently.

Bitcoin has returned to the level of $10,300. If the price breaks down this level, then the new support level is $9,750.

Ethereum has stopped at $800. If the fall continues, then the next target level is $760. If the price breaks down this level as well, then the worst possible scenario is $300.

Ripple has reached the support level of $0.95. A pattern called saucers has formed on XRP chart. If the price breaks down this level, then the new support level is $0.7.

Price of Litecoin broke down the support level of $210 and is currently trying to come back to this level. Now, it is the most suitable time for buying with the target of $250. If the price once again breaks down the level of $210, then the new target is $170.

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