The Whole Cryptocurrency Market Is Recollecting the Hike of Late 2017June 24, 2019
The correlations of Altcoins with the price of the Bitcoin price trends will continue for some time. Bitcoin is continuing with the uptrend, and it looks promising for the spectators and many who are hopeful about the project.
The tokens in the top 15 are the things that matter when it comes to the cryptocurrency world. However, there are coins offering better gains for investors despite not being in the top 15 ranks like Ontology, NEO, TCAT tokens, and the like.
It has been double-digit gains for Ethereum, XRP, and Litecoin. The price of Bitcoin went high from $10,000 to $20,000 in just 20 days. And the whole market is recollecting the hike of late 2017.
Recently, Ripple has been showing six significant price variations. The price target for the year 2019 is at 0.9 USD. Ripple has established itself as a robust cryptocurrency. This is considered to be a profit making investment option. The price variations are vast in ranges, and therefore, there are a lot of opportunities for speculators. The resistance points are at 0.505 USD, 0.537 USD, and 0.568 USD. The support levels are 0.443 USD, 0.411 USD, and 0.380 USD, respectively. Ripple is an excellent bet for short-term traders. For those who are capable of holding it for a long-term, the dividends can be considered reasonable.
EOS has been on a roller coaster ride over the past few days. The coin went up by $7.4, and the currency is expected to cross $8 very soon. If the current momentum is sustained, it will not be hard to touch $8. The 4.71% increase in price is a decent progression. It is expected for the coin to sustain the momentum for quite some time.
Binance Coin (BNB) is expected by analysts to cross the $40 mark over the next few days. There is improved mass acceptance and real-time usage of the coin. The existing market performance is futuristic.
Stellar Lumens (XLM) has been reported to have provided investors with a return in investment of 4130.83%. While it is true that the value has gone upwards, more push is required for the cost to go up. Since stellar coins are currently in a slight bearish zone, it is an ideal time for new buyers to buy the XLM coins. The resistance and support levels are seen at $0.128 and $0.120, respectively.
Litecoin (LTC) has grown from $100.42 to the present value of $139.97, thereby showing an uptrend of 39%. The coin has ever since grown exponentially.