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Yesterday, the bulls failed to push the price above the minor resistance of $10,200. The resulting effect on Bitcoin was another downward move. Just 48 hours ago, BTC survived an earlier downward move where it failed to break above $10,400 overhead resistance. The bears succeeded in breaching the support levels of $10,200 and $9,800 but were stopped at $9,600.

Litecoin’s price may reach a low of $66. Litecoin (LTC) may resume a sideways trend if $66 support holds

Ripple’s final push to a new uptrend is here as the bull battles the resistance at $0.34.Earlier on the bull has overcome the resistance levels of $0.28 and $0.31 to reach the next one at $0.34. For the first time in six months, XRP has successfully penetrated the $0.31 resistance. Nonetheless, in the last 24 hours, the market has reached a high of $0.34.

About 24 hours ago, the bulls broke the resistance at $10,200 after a rebound from a low of $9.729. The support at $10,000 is holding as the bulls continue their upward move. Interestingly, the concern of the bulls is to push the price above the target price at $10,360. Bitcoin will rally above $11,000 if the current push above the target price is successful. Then Bitcoin will rise to face the next resistance at $12,000.

The bulls are yet to trade above the $0.2879 overhead resistance. XRP formed a bearish double top pattern while attempting to break the overhead resistance. The pattern is showing a downward movement of Ripple. Each time the bulls test the resistance, the price will fall exactly to $0.27040 low. One important thing to note is that a break above $0.28 resistance will push XRP over $0.31.

In the previous week, Litecoin rebounded at the $66 low which catapulted LTC to a high of $73. Presently, LTC is threatened by the bears at the $73 resistance. The resistance has caused LTC to a sideways move above $72.

Presently, Litecoin is in an uptrend after the coin came out of its range-bound move at the bottom of the chart. LTC uptrend has been unique because of the breaching of the resistance levels. Firstly, it broke the resistance at $50. Secondly, the bulls made three unsuccessful attempts before breaking the resistance at $62.

The bulls and bears are at the moment undecided about the direction of price. The market has remained the same above $9,200 since January 28. From the price action, BTC fluctuates between $9,200 and $9,600. The price action is represented with small body candlesticks like Doji and Spinning tops. These candlesticks describe the indecision between buyers and sellers about the direction of price.

In the last three days of January, Ripple has consistently surged forward to a higher price level but the coin seems to be unstable. The coin pushed upward to the $0.24 price level on the 29th and 30th of January but declined each time to the $0.23500 low. This is the buyers’ inability to sustain at a higher price level. Our position on Ripple is simple.