Bitcoin and Ethereum Target New Highs, ADA Rallies

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  • Bitcoin prices are getting closer to USD 46,000
  • Ethereum targets USD 3,200 resistance. XRP moves higher than USD 0.800.
  • RVN and AXS rose over 30%

After tagging USD 46,700, the Bitcoin price began consolidating its gains. BTC trades at 13:17 UTC in a range of USD 45,000 to USD 45,000. The price could reach a new high of USD 46,700 if the bulls are active.

Similarly, most major altcoins might continue higher. ETH trades well above USD 3,000, and could soon surpass USD 3200. XRP remains well bid above USD 0.80 and is approaching USD 0.85.

Bitcoin price

After almost testing USD 46,500, bitcoin price started a downside correction. BTC traded below USD 46,000 support level. The bulls have maintained the USD 45,000 support level and USD 44 500 support levels. However, the price is moving towards USD 46,000, which is the initial resistance.
The USD 46,500 level is the first resistance. Above that, the price could aim for a new monthly high.

Ethereum price

Ethereum price is stable above the USD 3,050 support level. The USD 3,180 level is the immediate resistance. The USD 3,200 area is the main resistance. A close above USD 3200 could result in a stronger rise. This scenario could lead to a price increase of up to USD 3,350.

The USD 3,050 level is the initial support. The USD 3,000 level is the main support, below which the price could drop to USD 2,900.

ADA, LTC and DOGE prices

Cardano (ADA) is showing positive signs above USD 1.50 and it is up over 8%. It is trading at USD 1.55 and could soon cross the USD 1.60 resistance. The pace of a bigger increase towards USD 1.65 or USD 1.66 could be set by any further gains.

Litecoin (LTC) surged above the USD 160 level. It reached the USD 170 mark before a downside correction. It is consolidating above USD 160 with decent support at USD 150. Support is currently forming at the USD 150 level.

Dogecoin (DOGE) was correcting gains and traded below the USD 0.250 level before moving higher again. USD 0.220 is the key support. In the short term, the price could rise to USD 0.272.

XRP price accelerated towards the USD 0.850 level. It could lead to a fall towards USD 0.780 support if it fails. The USD 0.750 support is the next major support.

Altcoins are also available today

A few altcoins climbed above 5% including RVN and AXS, ONE. ICP, AVAXX, EGLD and VGX were all among them. KSM and DGB also climbed. RVN rose over 30%, breaking the USD 0.135 resistance and then correcting lower.

Bitcoin is gaining momentum above USD 45,000. It might even start a new rise towards USD 48,000 in coming sessions.

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