Bitcoin price remained in a bullish zone above the USD 18,000 support area. There have been a few swing moves in BTC, but it struggled to break the USD 18,350 and USD 18,500 resistance levels. The price is currently trading well above USD 18,000 (13:00 UTC) and it appears that the bulls are aiming for a clear break above USD 18,500.
Most of the major coins, including Ethereum, XRP, Litecoin, EOS, XLM, LINK, BNB, TRX, Bitcoin Cash, and ADA, also saw a strong upward move. ETH / USD broke the USD 500 resistance and even surged above USD 505. XRP / USD rose 6% to beat the USD 0.312 resistance level.
Total market capitalization
Bitcoin price moved mostly positive above the $ 18,000 support. BTC made some attempts to get positive momentum above USD 18,300 and USD 18,350 but had problems. The price is in a range and it appears the bulls are making another attempt to clear the USD 18,350 and USD 18,500 resistance levels.
If they fail, there is a risk of a sharp downward correction below USD 18,100 and USD 18,000. The next major support is at USD 17,750, below which the price could revisit the USD 17,500 support.
The price of Ethereum rose and broke the USD 498 and USD 500 resistance levels. ETH even cleared the USD 505 level and tested USD 510. The price is trading above the USD 500 and it appears that the price could continue to rise towards the USD 512 and USD 518 levels.
If corrected down, the USD 502 and USD 500 levels could provide support. Further losses could potentially push the price towards the USD 485 support zone.
Bitcoin Cash, Litecoin and XRP Price
Bitcoin cash price holds the support level of $ 250. BCH is now struggling to gain over $ 250 in pace. A successful pause and close above the USD 250 level could open the doors to further upside moves above USD 260 and USD 262. The next major resistance is near the $ 265 level.
Litecoin (LTC) is consolidating gains above the USD 80.00 support level. On the upside, the USD 82.50 level is an initial hurdle. The first major resistance is now at $ 83.50, above which the price could rise above $ 85.00. On the flip side, a significant break below USD 80.00 could potentially push the price towards USD 78.00.
The XRP price rose over 5% and broke the USD 0.305 and USD 0.310 levels. The price has even traded above USD 0.312 and is now consolidating gains. The next major resistance is at USD 0.315. On the flip side, the price could find strong buying interest near 0.305.
Other altcoin market today
In the past few hours, many altcoins have gained over 15%, including SUSHI, WAVES, CRV, RSR, UNI, CVT, DOT, TMTG and SNX. Of these, WAVES rose nearly 30%, surpassing the USD 6.80 level.
Overall, Bitcoin price holds the important support level of USD 18,000. The current price movement suggests that BTC could break the USD 18,350 and USD 18,500 resistance levels in the near future.