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Price Analysis of BTC, ETH, XRP, LTC, BCH: 26th August

Last week has been pretty tough for the cryptocurrency industry as well as for the investors and enthusiasts. Bitcoin started
Last week has been pretty tough for the cryptocurrency industry as well as for the investors and enthusiasts. Bitcoin started the week at a good note, but by the end of the week, it declines down to $9,900 support level.

Last week has been pretty tough for the cryptocurrency industry as well as for the investors and enthusiasts. Bitcoin started the week at a good note, but by the end of the week, it declines down to $9,900 support level.

The was a lot of trading done at various levels, but things picked up pace today as the bulls gave the much-needed push to Bitcoin. With this push, we saw an upward trend in the price of Bitcoin, and it started the day by trading at $10,500.

Currently, Bitcoin is trading at $10,347.18 with strong resistance at the level of $10,650. The immediate support at this trading level is at $10,150, followed by $10,000. The $10,250 is acting as a support for this trade point.

According to the chart, for a further bullish push, the trade will have to close after the $10,500 level. If the bulls manage to defend this resistance level and give a push, the next resistance can be seen at $10,700 and further than that, Bitcoin can test the $11,000 level.

Any downward correction in the day can cause a decline in the price of Bitcoin, and the support levels can go down and test the $9,900 and $9,800 support levels.

ETH/USD

From the past few days, Ethereum has been struggling to break through the resistance levels of $195 and $193. The price had a decent support level of $185, and recently it started a bullish trend. It went all the way till $197 but immediately came down to $185-$186.

Currently, it is trading at $190.76, which is a big pull since yesterday. A rise in Bitcoin has affected the whole digital currency market, and Ethereum saw it’s effect as well.

The resistance level has been set at $194 whereas an immediate support level is available at $188 and followed by that at $186. Currently, it is facing strong resistance to go above the $191 level. If the upward trend continues, then the price can check the resistance levels of $200 and $202, but if a downward trend comes back, the prices can go all the way down till $184-$182.

XRP/USD

Ripple didn’t see much changes recently in the price trend. There was a slightly bearish trend with a little downward correction, but Monday came in bearing good news. Yesterday the day ended with XRP trading in at $0.2690.

Currently, XRP is trading at $ 0.2705, and there is a good chance that the Ripple bulls will try to hold this place till the end of the day. The resistance is at $0.2780 and $2800 levels, whereas the immediate support for XRP is available at $0.2680 and $0.2650.

According to the chart, the trend can either be bullish or bearish, but if the trading ends at $0.2705, then we can expect some upward trends for tomorrow.

LTC/USD

Litecoin was pretty stable in the last week and closed the week with a slight downward correction. Today it started the day with an improvement in its price with a bullish trend.

Currently, Litecoin is trading at $73.80, and an upward trend can be seen through the charts in the price of Litecoin. Strong resistance can be seen at $75. The support levels formed for LTC are at $72, and if a decline occurs, then it can further test the range of $69-$70 support levels.

BCH/USD

Bitcoin Cash ended the week on a bearish trend after reaching the week’s high price of $316 on 24th August. But today it started again with a bullish push at $305.43 and further went on.

Currently, it is trading at $311.11, which is an improvement from yesterdays $305. There is a strong resistance that is faced by BCH at $314 while a downward correction can make it test the support levels of $305 and $300 again in the future.

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