Downtrend

The price of Cardano (ADA) is rising after a minor setback from the recent high. The cryptocurrency tested the recent high at $2.20 before entering the downtrend.

Bitcoin Cash (BCH) is rallying after falling to a low of $632. Today, August 18, bullish candlesticks suggest a possible reversal of the downtrend.

The price of Litecoin (LTC) has hit a series of highs and lows while moving higher. The cryptocurrency has hit a higher high and is now at $188.

Chainlink's (LINK) price is trying to overcome resistance at $27. Buyers were rebuffed at the same price level on August 11, but the price of LINK fell to a low of $24. The current upward movement is a result of the previous unsuccessful attempt.

Dogecoin (DOGE) shot up but was rejected at $0.29 resistance. Before the recent uptrend, the altcoin was in a sideways trend. Yesterday, buyers retested the $0.29 overhead resistance to resume the uptrend.

The price of Ripple (XRP) is rising as buyers return above $0.95 support and retest the $1.08 high. About 48 hours ago, the XRP price rose to the $1.08 high, but failed to maintain upward momentum above the recent high.

After a four-day price battle, Bitcoin has begun the resumption of a downtrend. Today, the price of BTC has fallen to a low of $45,005 and further downside is possible.

Cardano's (ADA) share price makes an impressive upward move as it bounces back above $1.50 support. A similar rise above the $1.60 support will catapult the cryptocurrency to the $2.20 high.

Litecoin (LTC) has been trading in the overbought zone for the past 48 hours. Sellers have emerged to push prices lower. Litecoin is falling as it breaks below the 21-day line SMA.