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Ethereum [ETH] and Tron [TRX] Price Analysis: Bullish projection persists as ETH price break out patterns

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Bitcoin [BTC] and Litecoin [LTC] Price Analysis: Coins reached consolidation period as bulls continue to have presence
Source: Pixabay

The latest Bitcoin-propelled rally pushed the collective crypto-market to fresh gains. The bulls broke resistance levels for both Ethereum [ETH] and Tron [TRX].

At press time, the second largest crypto-asset ETH held a market cap of $17.27 billion and was priced at $163.6, according to the CoinMarketCap. The coin recorded a 24-hour trading volume of $6.75 billion and exhibited a slight decline of 0.76% during the same time frame. ETH further exhibited a major 14.66% rise over the week.

The eleventh largest digital asset, Tron [TRX], registered a market cap of $1.77 million and a 24-hour trading volume of $369.1 million. TRX was valued at $0.026 and exhibited a slip of $1.84% over the past 24 hours. Additionally, a significant surge of 13.72% was seen over the last seven days.

ETH 1-day:

Source: TradingView

The one-day ETH chart exhibited an uptrend from $84.92 to $105.5, followed by a minor uptrend from $105.5 to $134.9. A major downtrend from $220.7 to $146.5 was also seen. The resistances for the chart were found at $179.4 and $213.4, while the support lines held their ground at $118.3 and $102.2.

Bollinger Bands: The bands were diverging from each other and depicted a highly volatile period for the coin.

Awesome Oscillator: The closing lines were green and a bullish phase was predicted for ETH.

Chaikin Money Flow: The CMF was treading above the zero-line, indicating money flow into the market.

TRX 1-day:

Source: TraingView

An uptrend from $0.013-$0.023 and a downtrend from $0.037 to $0.020 was registered for the candlestick arrangement of the one-day TRX chart. The resistances for the chart was found at $0.039 and $0.030 along with the support points at $0.018 and $0.014.

Parabolic SAR: The dotted markers were below the candles, depicting a bullish future for the coin.

MACD: The MACD line was above the signal line, which further indicated that the coin was following a bullish trail.

Klinger Oscillator: The reading line was also above the signal line and predicted a bullish trend for TRX.



Conclusion:

The indicators exhibited strong bullish signals for both the digital assets. Additionally, ETH projected a potential price break-out patterns with expanding BB.





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Chayanika holds a Journalism degree and is currently working with AMBCrypto. She is inquisitive about everything that the Blockchain Technology has to offer.

Analysis

Litecoin [LTC] smashes $100 valuation for the second time this year

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Litecoin [LTC] smashes $100 valuation; twice in the same year
Source: Pixabay

Litecoin [LTC] posted massive gains and came out as the biggest winner among altcoins as the week came to an end. The digital coin led the altcoin pack towards another bull run.

The latest pump, however, drove the crypto-asset’s price over $100-mark for the second time this year. Subsequently, the silver coin took over EOS to secure its position as the fifth largest crypto-asset by market cap.

As the crypto market started embracing green, many analysts in the space are of the opinion that the “altseason is upon us”. With the latest upswing, LTC became the fourth coin in the top ten with a three-digit valuation after Bitcoin [BTC], Ethereum [ETH], and Bitcoin Cash [BCH].

Source: TradingView

At press time, the coin was priced at $103.4 after surging by 7.93% over the last 24 hours. LTC registered a market cap of $6.40 billion and a 24-hour trading volume of $6.14 billion. Additionally, the digital coin rallied by 17.52% over the past week.

Litecoin was trading highest on Coineal via the trading pair LTC/BTC, accounting for a volume of 11.98%. The crypto-asset exchange was followed by EXX, which held 8.48% of the trading volume via LTC/USDT.



The upcoming Litecoin second halving event, scheduled for August 2019, and institutional adoption of the crypto were attributed to the series of bull domination this year.

Litecoin crashed soon after June 2018 and hit the lowest point at $30 earlier this year. The coin’s market recovery was resisted by bears as it was juggling within the range of $85-$90 before breaking the much-anticipated $100-mark.





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