Price Analysis

Crypto Market Update: BAL, 1INCH and LTC

Crypto Market Update: BAL, 1INCH and LTC

BTC has been setting new all time high records on an almost daily basis. Each day a new record is being set and BTC has now crossed $40,000 and set up a new record by breaking $42,000 shortly after breaking the $40,000 barrier. Crypto market cap has now crossed $1 trillion.

The market cap of Bitcoin is now higher than Facebook and just trailing behind Tesla. Let us review the crypto market for the following altcoins: BAL, 1INCH and LTC

BAL/USD – Price Prediction

bal

BAL has broken the resistance of $17.61 and is now approaching the resistance zone of $19.33. If it can break this resistance of $19.33, it could push towards $20.21, $22.50 and $24.63. Failure to break the resistance at $19.33 could lead to a drop towards $17.61, $16.00 and $14.76.

1INCH/USD – Price Prediction

1inch

1INCH is trading above the support of $1.20. As long as we are above this support of $1.20, we could see a move towards $1.39, $1.57 and $1.98. Failure to hold the support of $1.20 could lead to a drop towards $1.09 and $0.94.

LTC/USD – Price Prediction

ltc

LTC has broken out of the accumulation zone and perfectly tapped the 1.618 fib at $138.90. LTC is now poised to move towards the 2.618, 3.618 and 4.618 fib at $185.50, $232.10 and $260.90 respectively. Failure to break the resistance of $185.50 could lead to a drop towards $155.22 and $136.95.

Images courtesy of TradingView.

Disclaimer
The information discussed by Altcoin Buzz is not financial advice. This is for educational and informational purposes only. Any information or strategies are thoughts and opinions relevant to accepted levels of risk tolerance of the writer/reviewers and their risk tolerance may be different than yours. We are not responsible for any losses that you may incur as a result of any investments directly or indirectly related to the information provided.

Do your own due diligence and rating before making any investments and consult your financial advisor. The researched information presented we believe to be correct and accurate however there is no guarantee or warranty as to the accuracy, timeliness, completeness. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence. Copyright Altcoin Buzz Pte Ltd. All rights reserved.

 

 

Source: altcoinbuzz.io
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