Bitcoin price & Altcoin analytics

Cryptocurrencies resumed their downward correction as bulls failed to break through the next resistance levels.

Litecoin (LTC) price is stuck between the moving averages. The previous uptrend ended at the high of $144 when the altcoin fell below the 50-day moving average.

The price of Ripple (XRP) has been moving in the bullish trend zone for five days. In the last price action, the bulls failed to break the resistance at $0.90. Consequently, XRP continued its downward trend.

The cryptocurrencies under review are moving positive as altcoins break above the moving averages. This is an indication that the downtrend is gradually coming to an end.

Ethereum's (ETH) upward movement was halted at the high of $3,288. The largest altcoin has declined and found support above the 21-day moving average line but below the 50-day moving average line. This means that the Ether price will fluctuate between the moving averages.

The price of Bitcoin (BTC) is struggling to stay above the moving averages. When the price stays above the moving averages, Bitcoin tends to rise.

Chainlink (LINK) resumed its downward correction after bulls failed to keep it above the $19 high. On February 7, the bulls broke through resistance at $18 including the 21-day moving average line.

The price of Dogecoin (DOGE) has entered a downward correction after failing to hold above its moving averages. On February 8, the bulls broke through the moving averages but failed to maintain the bullish momentum above the recent high.

The price of Uniswap (UNI) has fallen below its moving averages. The cryptocurrency is trading in a bearish trend zone and is capable of further downside.