Breakdown

Since it attained a peak price of $50, Litecoin has been on a downward move. In June, LTC encountered a breakdown which made it drop to $42 low. Price corrected upward but was resisted at the $45 high.

For the past two weeks, Ether has been consolidating between $225 and $240 to revisit the previous peak price. Buyers were able to break the $240 resistance but were overwhelmed at the $248 resistance.

Following a successful breakout, Bitcoin was compelled to a sideways move below the $9,800 resistance. Before now, BTC has been consolidating between $9,200 and $9,400 because of the bulls’ inability to push the price upward.

EOS was in a bull market as it reached a high of $2.90 on June 2. The coin reached the overbought region of the market. Sellers emerged to push the coin downward.

Tezos is currently consolidating between $2.55 and $2.70 after a bearish impulse. The coin has been consolidating for the past ten days; neither bulls or bears have the upper hand.

Soon after the breakdown on June 11 and the subsequent fall to $225 low, Ether has been consolidating between $225 and $240.

Stellar Lumens (XLM) has been trapped between $0.066 and $0.072 after the last breakdown. The bulls and bears are in price tussle as the market reached a low of $0.066.

Ethereum’s uptrend is intact despite the recent breakdown. After the recent crash, the price dropped to $225 low, and it rebounded twice to reach the $236 resistance.

Crypto.com's upward move is intact despite the brief retracements at short intervals. Buyers are unrelenting as they push the price into the previous highs.