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Story: What Happened to Crypto Space on January 20? BTC, ETH, XRP, BCH, LTC, EOS, XLM Price Overview

By TCA PR

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BTC’s Outside Day Candlestick Pattern

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ETH’s Support Near $157.50

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XRP’s Lack of Demand at Higher Levels

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BCH’s Price Turning Down from $403.88

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LTC’s Strong Bounce-Off

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EOS’s 200-day SMA at $3.42

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XLM’s Buying on Dips

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This week, cryptocurrencies showed volatility but positive trading performances. Despite the incisive market-wide sell-off at the end of the week, most cryptos have seen with…

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It was Bitcoin (BTC) that lead the market on Sunday, rallying above $9,000 zone. Analysts predict the sideways trading is possible between $8,500 and $8,750.

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Despite the bulls scaled at $9,036 on the 200-day SMA, it to retain the gains. The BTC’s price rapidly turned down and then, an outside day candlestick pattern was formed.

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On January 19, the price of Ethereum (ETH) turned down yet got access to support near $157.50. In short, the bulls are making an effort to utilize the dips in order to accumulate.

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After breaking out of the inverted head and shoulder pattern’s neckline, XRP failed to pick up momentum. The altcoin turned down from the critical resistance level of $0.25401.

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On January 17, Bitcoin Cash (BCH) successfully rallied above $360 overhead resistance level. However, the bulls failed to achieve the $423.40 target objective.

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In the past few days, the bears protected the 200-day SMA. The price of Litecoin (LTC) can potentially dip to the 20-day EMA that can act as a strong support.

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Because the bulls tried to buy on dips, EOS gained a support at $3.42 200-day SMA. This suggests that bulls plan to resume the uptrend.

The Currency Analytics

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