The new trading week of the largest altcoin markets opened with strong growth. In terms of price growth in current trading, Bitcoin Cash holds the leading position.
XRP / USD
At the time of the market review, Ripple is trading at $ 0.3215 over the second key support level with a value on the four-hour chart price scale of $ 0.3206. The session maximum of the XRP / USD pair price was fixed at $ 0.3250.
An analysis of the XRP / USD chart shows that support for the pair of bulls formed at a key level of $ 0.3163, which is reinforced by the moving average EMA200.
The relative strength index data points to the advantage of Ripple buyers in the short-term coin market: the index value is high in the buying area, the RSI line turns up to cross the border with the overbought area and gives an early signal to open short-term long positions with targets of $ 0.3273 and $ 0.3330 .
Given the nature of the movement of the cryptocurrency price and the rising signals of technical indicators, it is assumed that during the trades on February 19, the bulls can test resistance at a strong mirror level of $ 0.3500.
BCH / USD
The last 24 hours in the top 10 cryptocurrency Bitcoin Cash ranks second in terms of price growth. At the time of the market review, the BCH / USD pair is quoted at $ 137.00, showing an increase of 11.4% to the opening price of the current session – $ 122.90.
At the opening of the current session, a strong upward impulse for the BCH price broke through resistance at the dynamic level of $ 125.50, which the bears formed on the line of the moving average EMA200 from February 8. After a short-term correction, the new impulse brought the price of the coin above the historical level of $ 136.50.
In the event that the bulls consolidate above the reached mark, already before the end of the day trading, the BCH / USD pair can fix a new session high in the $ 145.00 price range, at a strong December mirror level.
LTC / USD
At the time of the market analysis, the LTC / USD pair is trading at $ 47.30 with a decrease in quotations from the session high of $ 48.70 at the second key resistance level. It is expected that buyers of lightcoin will form support for the price of cryptocurrency at $ 47.00.
Since February 14, the short-term litecoin rate is classified as ascending. The analysis of the four-hour chart shows that the upward price impulse has intensified after the breakdown of resistance at the weekly pivot $ 44.50.
The relative strength index data is in the area of purchases, the indicator line crosses the border with the oversold area from bottom to top, which indicates the overwhelming advantage of buyers in the short-term market of lightcoin.
Litecoin purchases are recommended from the current price level with targets of $ 48.50 and $ 49.50.
TRX / USD
In terms of daily price growth, Tron is more than double the leading altcoin, but at the time of market analysis, the cryptocurrency price was fixed above the weekly pivot of $ 0.0248 and overcomes sales resistance at a dynamic level along the moving average EMA200 with $ 0.0250.
Analysis of the four-hour chart shows that the resistance to the growth of the TRX / USD pair can be found at a strong level of $ 0.0255, in which buyers held off the onslaught of sales from January 22 to February 11. Obviously, to develop an uptrend, bulls need to overcome the $ 0.0255-0.0260 range and gain a foothold above the first key support level.
Short-term Tron purchases are possible with short stops after resistance breakdown at a dynamic level of $ 0.0250 with targets of $ 0.0255 and $ 0.0260.
Trading recommendations are not a guide to action. Following the recommendations, you assume the associated risk of loss of funds.
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