Cryptocurrencies have fallen to their previous lows, including the largest cryptocurrency. Most altcoins have reached the oversold region of the markets. Can the altcoins recover from their previous lows? Let us examine the individual charts.
The price of Cardano (ADA) lost its crucial support at $1.00 as the bears broke below it. The cryptocurrency fell to a low of $0.81 as the bulls bought the dips.
The price of Litecoin (LTC) has fallen below the moving averages as it fell to a low of $102. The bulls' attempt to keep the price above the moving averages failed as the altcoin experienced two rejections at the recent high.
The cryptocurrency market has resumed its downward correction as altcoins are set back from their previous highs. This came after the BTC price fell to its recent high on February 17.
The price of Ripple (XRP) is losing $0.75 support as the altcoin plunges to a low of $66. The bears broke the support at $0.75, which held for the last two weeks. The bullish scenario is now moot as the altcoin comes under selling pressure once again.
The price of Ethereum (ETH) has fallen below the moving averages as sellers pushed the altcoin to the previous low at $2,578. Today, the bulls are trying to defend the support at $2,600 as the altcoin continues its uptrend.
The price of Bitcoin (BTC) is in a downward correction after the price fell to a low of $38,038. Today, buyers are trying to push the cryptocurrency to the previous highs.