Price analysis 5/19: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC
Lets study the charts of the top-10 cryptocurrencies to find out.Bitcoin rate analysisThe bulls again tried to drive the price into the balanced triangle pattern on May 17 but the bears fiercely pulled and secured the level Bitcoin lower on May 18. XRP price analysisAfter struggling near the 20-day EMA ($0.45) on May 17, purchasers cleared the barrier on May 18. Buyers will have to conquer this resistance to indicate that the correction may be over.Litecoin rate analysisLitecoin (LTC) turned down from the overhead resistance of $96 on May 18 however a positive indication is that the bulls did not allow the price to slip below the 50-day SMA ($89).
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Lets study the charts of the top-10 cryptocurrencies to find out.Bitcoin rate analysisThe bulls once again attempted to drive the price into the balanced triangle pattern on May 17 but the bears fiercely pulled and secured the level Bitcoin lower on May 18. If the price turns down greatly from the resistance line, it will recommend that the BNB/USDT set might remain inside the channel for a while longer.The bears are likely to have other strategies. XRP cost analysisAfter having a hard time near the 20-day EMA ($0.45) on May 17, buyers cleared the barrier on May 18. That might keep the set stuck in between the 50-day SMA and $0.40 for some time.Cardano cost analysisThe bulls tried to sustain Cardano (ADA) above the 20-day EMA ($0.37) on May 17 and 18 but the bears did not relent.ADA/ USDT daily chart. Buyers will have to overcome this resistance to indicate that the correction might be over.Litecoin price analysisLitecoin (LTC) turned down from the overhead resistance of $96 on May 18 however a positive sign is that the bulls did not permit the price to slip listed below the 50-day SMA ($89).