Price Analysis Jan 8: BTC, ETH, XRP, BCH, LTC, EOS, BNB, BSV, XMR, ADA
Rakesh Upadhyay's original article for cointelegraph.com reduced by 80%
If the altcoin bounces off the 20-day EMA, we expect the bulls to make another attempt to push the price above $50.LTC USD daily chart. If the price breaks out and closes above $120, the traders can trail the stops on the long position to $108. On the other hand, if the price slips below $110, we anticipate the bulls to defend the 20-day EMA.
Our bullish view will be invalidated if the bears sink the BNB/USD pair below the 20-day EMA.XMR/USD. The sharp rally in Monero had carried it above the overhead resistance at $57.1199. The price can now drop to the 20-day EMA.
If the level holds, we expect the bulls to make another attempt to scale and sustain above $57.1199.
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CN [too long; didn’t read]
Summarised crypto news.