Author Topic: Bitcoin (BTC), Stellar (XLM) and Litecoin (LTC) Price Analysis  (Read 210 times)

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The cryptocurrency market suffered another weekend nightmare, and the heavy sales that came in minutes when the liquidity was low caused a general decline in the market. Despite this, Bitcoin continues to recover and is heading towards the $40,000 level.

🚩BTC/USD Technical Analysis
In order to understand the general situation of the crypto money market, it is necessary to look at the Bitcoin (BTC) price and the general movement of the price. Bitcoin has not experienced any change in trend for almost 7 days and is moving in the same range, except for minor price movements.

It can be seen that the BTC/USD pair is stuck right now. Looking at the 4-hour interval, the trade volume continues to decrease continuously. Volatility is increasing as volume is decreasing and$ 37,780 is a critical resistancefor BTC price. Once this is broken, it may be possible to rise above $40,000 again. Important support for BTCis seen at $ 32,300 .

🚩XLM/USD Technical Analysis
Stellar price has gained 1% in the last 24 hours. This 1% rise shows that the two days of sharp decline and the red situation are over. Although the price is relatively on point, it is in a very good position compared to the general trend of the crypto money industry.

XLM price pulled back to the $0.36 support after testing the $0.45 resistance but showing that it was a fake breakout. The bears are looking stronger right now and if the $0.36 support is broken, the new support will be $0.30.

🚩LTC/USD Technical Analysis
LTC price has not moved like BTC for almost 7 days and is at the same level it was at the beginning of the week.

The cryptocurrency, seen as digital silver, continues to weaken and loses in terms of liquidity. Sales volume is declining, indicating bullish potential in the medium term. The $239 resistance is very critical and above it, it may be possible to talk about $300 again.

The support that should not be lowered for LTC is known as $ 150.