Conversely, if the XRP/USD pair rebounds off the 20-day EMA, it can rise to $0.45 and if this level is crossed, a new uptrend is likely.
The level to watch on the upside is $0.60 with minor resistances at $0.50 and $0.55.
A breakout of this level can push the price to $9.00.Conversely, if the bears sink the EOS/USD pair below $5.78, a drop to the 50-day SMA is likely.
LTC/USDLitecoin has been trading close to the breakout level of $91 for the past two days.
If the price bounces off $84.3439, it will again try to move up to $107. Above this level, the next target is $158.91.On the other hand, if the LTC/USD pair fails to break out of the overhead resistance, it might remain range bound for a few days.
BNB/USDThough Binance Coin did not breakout of the resistance line on May 21, it has not given up much ground.
If the pair reverses direction from the current levels, it can dip to the 20-day EMA, which should provide support.
Failure to rebound from the strong support shows a lack of demand at higher levels.
Conversely, if the ADA/USD pair bounces off the moving averages, the bulls will again try to break out of the overhead resistance at $0.094256.
TRX/USDTron has been consistently rising above $0.02815521 for the past three days but is struggling to hold on to higher levels.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Binance Coin, Stellar, Cardano, TRON: Price Analysis May 22
Published on May 22, 2019
by Cointele | Published on Coinage
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