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Price Analysis

Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Stellar, Litecoin, TRON, Tether, Bitcoin SV, Cardano, IOTA: Price Analysis, Jan. 10

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Bitcoin Price Analysis – BTC/USD

BTC/USD

The first largest cryptocurrency- Bitcoin having its current market cap stands at $70,828,507,408 (04:21 UTC) on January 10 experienced a dip in current value by 37.47% relative to the level of November 07, but it soared high in value by 26.26% compared to December 14 as interpreted from the graph above. The major causes for the decline in value due to the strong bearish pressure, however at present the current value traded above the 20-day EMA signifies ‘uptrend’ in value. Those who would like to create a long position in this asset, the current value offers the best opportunity. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The BTC remained range bound from September 17 to October 14 last year, as the cryptocurrency rallied from a low of $6259 to a high of $7790 which is a 24 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $3890.

Ethereum Price Analysis – ETH/USD

ETH/USD

The second largest cryptocurrency- Ethereum with its current market cap stands at $15,867,609,216 (04:21 UTC) on January 10 slashed in current value by 30.8% relative to the level of November 06, but it gained in value by 81% compared to December 14 as interpreted from the graph above. Since the 20-day EMA traded below the current value, it signifies the bullish trend (i.e., “uptrend” in value) and will continue to the extent that the current price keeps traded above the EMA. Both moving averages continue to fall until the beginning of the year 2019, and the 14-day RSI has been formed a “positive divergence” last hear thereby reflecting a bullish sign. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The ETH remained range bound from September 13 to September 21 this year, as the cryptocurrency rallied from a low of $184.6 to a high of $251 which is a 35.9 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $134.

Ripple Price Analysis – XRP/USD

XRP/USD

The third largest cryptocurrency- Ripple having its current market cap stands at $15,371,641,152 (04:21 UTC) on January 10 dipped in current value by 7.32% relative to the level of December 24, however it gained in value dramatically by 12.6% compared to December 27 as interpreted from the graph above. Let us not forget that the major causes for the drop in value namely the strong bearish trend and macro factors from around the world. Since the 20-day EMA traded below the current value thereby creating ‘uptrend’ in value, it signifies the bullish trend and will continue to the extent that the current price keeps traded above the EMA. Amid this, the XRP/USD pair remained range bound from October 12 to November 05 this year, as the cryptocurrency rallied from a low of $0.38 to a high of $0.57 which is a 50 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $0.34.

Bitcoin Cash Price Analysis – BCH/USD

BCH/USD

The fourth largest cryptocurrency- Bitcoin Cash having its current market cap stands at $2,835,136,422 (04:21 UTC) on January 10 experienced a dip in current value by 74% relative to the level of November 06, but it soared high by 103% compared to December 15 as interpreted from the graph above. If we analyze for the graph above, we can quickly estimate that the current value trades adjacent to the 20-day EMA which signifies ‘downtrend’ in value. However, the BCH/USD pair remained ‘uptrend’ in value from December 19 to December 26. The strong bearish pressure has caused a drop in value that can be analyzed from the analytics above. Since both moving averages have significantly down represented a negative sign, the 20-day EMA shows that the bears have the upper hands for the time being. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The BCH remained range bound from October 11 to November 06 this year, as the cryptocurrency rallied from a low of $429 to a high of $627 which is a 46 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $135.

EOS Price Analysis – EOS/USD

EOS/USD

The fifth largest cryptocurrency- EOS with its current market cap stands at $2,665,194,502 (04:21 UTC) on January 10 slashed in current value by 46.8% relative to the level of November 06 however it gained in value by 73% compared to December 07 as interpreted from the graph above. Since the 20-day EMA traded below the current value, it elaborates the ‘uptrend’ in value and the bullish trend and will continue to the extent that the current price keeps traded above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The EOS remained range bound from September 08 to September 21 this year, as the cryptocurrency rallied from a low of $4.71 to a high of $6.24 which is a 32.4 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $2.60.

Stellar Price Analysis – XLM/USD

XLM/USD

The sixth largest cryptocurrency- Steller having its market cap stands at $2,423,543,123 (04:21 UTC) on January 10 experienced a dip in current value by 53.5% relative to the level of November 11, but it soared high by 34% compared to December 15 as interpreted from the graph above. Let us not forget that it’s only the strong bearish pressure that prevalent last year caused a drop in most of the altcoin value which can be analyzed through the analytics here. However, the 20-day EMA traded below the current value thereby creating ‘uptrend,’ it seems that the bullish trend and will continue to the extent that the current price keeps traded above the EMA. Let us talk about a specific milestone that this cryptocurrency attained in the recent past. The XLM remained range bound from September 11 to September 23 this year, as the cryptocurrency rallied from a low of $0.191 to a high of $0.304 which is a 59 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $0.1150.

Litecoin Price Analysis – LTC/USD

LTC/USD

The seventh largest cryptocurrency- Litecoin with its current market cap stands at $2,350,756,896 (04:21 UTC) on January 10 dipped in current value by 28.5% relative to the level of November 06, but it was up by 69% compared to December 13 as interpreted from the graph above. Since the 20-day EMA traded below the current value, it signifies ‘uptrend’ in value as the bullish trend and will continue to the extent that the current price keeps traded above the EMA. Traders may create a long position and all those community users that long awaited to trade with this asset the current value reflects the bullish scenario. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The LTC remained range bound from September 12 to September 27 this year, as the cryptocurrency rallied from a low of $52 to a high of $65 which is a 25 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $35.

Tron Price Analysis – TRX/USD

TRX/USD

The eight largest cryptocurrency- Tron having its current market cap stands at $2,078,200,624 (04:21 UTC) on January 10 gained in value dramatically by 192.6% compared to November 26 as interpreted from the graph above. It seems that this altcoin is poised to offer the best return to all those that long awaited in the trade with this asset. Since the 20-day EMA traded below the current value, it signifies the bullish trend and will continue to the extent that the current price keeps traded above the EMA. The current value reflects the ‘uptrend’ in value. Besides this, the TRX remained range bound from September 16 to October 15 this year, as the cryptocurrency rallied from a low of $0.0181 to a high of $0.0280 which is a 54.7 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $0.026.

Tether Price Analysis – USDT/USD

USDT/USD

The ninth largest cryptocurrency- Tether having its market cap stands at $1,927,924,373 (04:21 UTC) on January 10 dropped in current value by 1.80% relative to the level of December 29, but it soared high by 1.99% compared to December 13 as interpreted from the graph above. The current value traded below the 20-day EMA signifies the ‘downtrend,’ and so traders are recommended to be on the sideline until the next ‘uptrend’ takes place. The major causes for the decline in value are of course the competitive pressure, the bearish moments, and macro factors from around the world. However, this altcoin represented the bullish pattern last year where it traded beyond the 20-day EMA. Let us not forget that the altcoin is expected to create ‘uptrend’ in value very soon. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The USDT remained range bound from November 26 to December 08 this year, as the cryptocurrency rallied from a low of $0.999 to a high of $1.087 which is an 8.81 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $1.040.

Bitcoin SV Price Analysis – BSV/USD

BSV/USD

The tenth largest cryptocurrency- Bitcoin SV with its current market cap stands at $1,546,819,016 (04:21 UTC) on January 10 dipped in current value by 21.7% relative to the level of December 20, but it soared high by 29.5% compared to December 15 as interpreted from the graph above. The strong bearish pressure that caused the drop in value which can be analyzed from the graph above, as the asset traded below the 20-day EMA thereby creating ‘downtrend’ in value. The altcoin attained it’s all-time high post-mid-December last year which can be estimated from the graph above. And it may expect to create the bullish pattern going forward. The BSV/USD pair remained range bound from November 23 to December 06 this year, as the cryptocurrency rallied from a low of $42 to a high of $114 which is a 171 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $79.

Cardano Price Analysis – ADA/USD

ADA/USD

The eleventh largest cryptocurrency- Cardano having its current market cap stands at $1,398,853,189 (04:21 UTC) on January 10 down in current value by 33.25% relative to the level of November 06 but up by 97.8% compared to December 15 as interpreted from the graph above. Since the 20-day EMA traded below the current value thereby creating “uptrend” in value, it signifies the bullish trend and will continue to the extent that the current price keeps traded above the EMA. Now let me walk you through certain milestone that this cryptocurrency attained in the recent past. The ADA remained range bound from October 11 to November 06 this year, as the cryptocurrency rallied from a low of $0.0684 to a high of $0.0815 which is a 19.15 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $0.044.

IOTA Price Analysis – MIOTA/USD

MIOTA/USD

The twelfth largest cryptocurrency- IOTA with its market cap stands at $1,031,541,723 (04:21 UTC) on January 10 dropped in current value by 26% relative to the level of November 06, but it gained in value dramatically by 80% compared to December 14 as interpreted from the graph above. While the 20-day EMA traded below the current value, it signifies the bullish trend and will continue to the extent that the current price keeps traded above the EMA. The current value elaborates ‘uptrend’ in value. Though moving averages continue to fall since last year, the 14-day RSI formed a ‘positive divergence’ last year thereby reflecting a bullish trend. The IOTA remained range bound from August 15 to August 27 this year, as the cryptocurrency rallied from a low of $0.438 to a high of $0.797 which is an 81.9 percent – an extraordinary return within ten days. Based on the current trend, the next support level could be $0.33.

Shalin Soni

Shalin joined CryptoNewsZ as Associate Finance (Cryptocurrency Research & Analysis) in 2018 and has 10 years of collective experience to work on financial modeling and financial planning & analysis activities (fp&a) domains. He has worked with various organizations in India and added values by leveraging his skills and expertise. He has strong domain expertise in research & analysis, valuation, and fp&a!! You can also mail him at [email protected] to discuss anything related to his reports.
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