As explained on the previous Litecoin price-related writing, its market development right for the moment is looking quite unsettled. That...
In general the week we just left behind could be described as Ethereum against the US Dollar increase-ranging with a bullish tone over the $310 mark. In many events it did feel the selling pressure and declined lower but supports held strong enough as per the moment it is trading around $337.10 with a 1.90 percentage points climb in the last 24 hours.
With the surge in the bullish channel for Ethereum, hoisted the price over the major $335 resistance. For some time it fluctuated around the $344 but to upside pace and close to the $349 psychological resistance it did experience little corrections which was followed with finding support at $343 by the buying pressure while moving to the 23.6% Fib retracement level since the last flow ($324.05-$349.05).
After the declining phase that took place a few days back, a flexible and fast changing upside path has been formed as the price moved over the $320 resistance level against the USD. With the supports formed at $311, $315 and $319 a very strong gaining pace is welcomed
For the passed value development, it was highly recommended for cautious when it comes to LTC/USD upward path as it was very much range bounding, especially close to the previous heights resistance for example the $50 major psychological barrier.
After a lower-flow worth noticing, Ethereum against the US dollar found support towards the $333 mark which turned the pair back over the 50% Fib retracement level of the last wave from $349 to $333.