If the momentum carries the price above the resistance, the stops can be trailed higher to protect the paper profits.
The price is currently attempting a bounce off the strong support at the 20-day EMA. The horizontal support at $0.20041 is also placed at this level we anticipate the bulls to defend the level aggressively.
If the XRP/USD pair rises above the 50-day SMA, the bulls will attempt to carry the price to $0.2326.
We suggest traders trail the stops on their remaining long positions to $226. The stops can be tightened further after the price scales above $270.15.Our bullish view will be invalidated if the BCH/USD pair turns down from the current levels and plunges below $227.01.LTC/USDLitecoin has bounced off the moving averages, which is a positive sign.
The altcoin has reached close to the overhead resistance at $50. If the bulls can scale the price above $50, a move to $60 and above it to $66 will be on the cards.
If the bulls fail to push the price above $50, the LTC/USD pair might remain range-bound for a few days.
The bulls are attempting to push the price above the overhead resistance at $2.8695.
If the bulls can push the price above $60.2991, a move to $67.02 is likely.
If the price sustains above $0.015, a move to $0.0163957 will be on the cards.
If the momentum can push the price above it, a move to $0.020 and above it to $0.0234 is possible.
Price Analysis Jan 10: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, TRX
Published on Jan 10, 2020
by Cointele | Published on Coinage
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