Downtrend

The Ethereum price (ETH) is on the retreat today, August 9, after being rejected at the high of $3,187. The current retracement is reaching bearish exhaustion as the altcoin hits the low of $2,934.20.

The Bitcoin (BTC) price appears to be under renewed selling pressure as the upside correction faces rejection at the $40,000 level. On July 4, the BTC price broke down to $37,500 and resumed its upward correction.

As of August 3, 2021 Litecoin (LTC) is trading at $138.28. Litecoin will likely continue to rise if the price bars remain above the moving averages.

On August 3, 2021, the price of Ripple (XRP) fell back after rejecting the high at $0.76.

Dogecoin price (DOGE) has been in a sideways movement for a week. The upward movement was interrupted at the high of $0.23.

Polkadot price (DOT) has reached a high of $15.54 as it moves in the uptrend.

Cardano (ADA) was in a price spike when the altcoin hit $1.40 on July 26. The $1.40 peak attracted sellers, while buyers pushed the crypto into that region.

The price of Litecoin (LTC) was in a brief uptrend last week as the altcoin rose to a high of $140. However, in the last 24 hours, the LTC price has retraced to support above $127. The retracement finished above $127 support as the crypto consolidated back above it.

The price of Ripple (XRP) is falling back to support at $0.62 after an impressive rally to a high of $0.68. The altcoin has earlier recovered above the $0.52 support to reach the previous highs.