Crypt currencies are uncertain soon after a 3-month downturn and a change in late January. They seem to be waiting for the news related to Crypto to get them going and they seem to be getting that. We’ve heard that BlackRock, the world’s largest asset manager, plans to offer crypto currencies to its customers.
Crypto currencies have rebounded sharply over the past few hours. This is great news as BlackRock is a $ 10 trillion investment firm that brings a large amount of funds to the Crypto market. Ethereum and Litecoin have also turned upside down and are preparing to push beyond resistance.
Ethereum Daily Chart Analysis – ETH again moves over $ 3,000
$ 2,850 support for Ethereum
Ethereum was also hit by the resulting congestion and high transaction fees, but remained relatively large until November, approaching $ 5,000. Despite the declining trend in the crypto market, the ETH / USD has depreciated over the past three months and sent $ 2160. It started reversing late last month, but last week it was back for Ethereum.
However, today the mood has improved, probably due to BlackRock offering cryptocurrency trading news and Ethereum rising below $ 3,000, now trading over $ 3,100. Ethereum’s team plans to increase the behavior of blob carriers in the recent dry fork, which will expand the package. Because they can hold large amounts of data. This will be a positive development for Ethereum, which aims to solve the biggest problem for Ethereum and will have a huge positive impact. But it must be tried first, so the market is not running away with it.
Litecoin Daily Chart Analysis – LTC to push above $ 140 resistance this time around
LTC did not attempt to retry the $ 100 support zone.
Litecoin has been showing bearish pressure since early November after a failed attempt to push over $ 300. The MimeWable upgrade, which makes Litecoin more scalable and safer, has not changed its mood. LTC / USD He stabbed for less than $ 100, and although he did not break that support zone, he was recaptured.
The price has moved up and Litecoin has moved over 50 daily SMA (yellow). Last week was a bit of a shock for most currencies, but the 50 SMA took the price and turned it into support. Buyers are making another move today, so the price action suggests that the LTC will probably push more than the $ 140 support / protection zone this time around, if the first attempt fails. This is a good sign of bullying for us since we launched the LTC / USD signal yesterday.
LTC / USD