Fibonacci

Litecoin range bound movement has continued unabated because buyers failed to break the $60 resistance. About 24 hours ago, LTC rebounded above the $54 to reach a high of $58.

In the last 24 hours, BCH rebounded above $280 as buyers pushed the coin to the previous high. Today, BCH is facing rejection at the $300 high after a brief upward move.

Today, BTC retraced to $11,300 after facing rejection at the $12,000 overhead resistance. The king coin is likely to repeat the price action of August 2 where BTC plunged to $10,548.

Bitcoin Cash’s inability to break the $400 resistance has resulted in a further downward move. The earlier price range of between $280 and $320 has been broken as price targets a previous low of $245.

Today, Litecoin is trading at $58 after facing rejection at a high of $60. Since August 2, LTC has been range-bound between levels $56 and $58.

Yesterday, Ripple rebounded above $0.29 support as the price reached the $0.30 high. Since August 7, the price has been stable above $0.29 after the recent decline.

Today, buyers are retesting the $12,000 resistance but have not sufficiently broken above it. The initial attempt at the resistance pushed BTC to $12,064 high.

Today, buyers have retested the $400 resistance but were unable to break above it. This isn’t the first time the resistance will be retested since the price tussle began on August 5.

For the past week, Bitcoin SV has been trapped between $200 and $240. Buyers are unable to retest the $260 overhead resistance because of price restriction. The coin is trading above $200 but confined in a price range.