Bitcoin Bulls Alert: This Inverse Head & Shoulders Pattern Could Trigger Violent Drop

Bitcoin traded to a new 2020 high at $9,575 and recently corrected lower against the US Dollar. It seems like an inverse head and shoulder pattern is forming, which could drag BTC towards $8,800. After a steady rise, bitcoin price struggled to gain momentum above $9,500 against the US Dollar. The price is currently declining and it could slide below the $9,150 support. There was a break below a major bullish trend line with support near $9,400 on the 4-hours chart of the BTC/USD pair (data feed from Kraken). A…

Ethereum Trading Near Make-or-Break Levels: Can ETH Bulls Save The Day?

Ethereum surged to a new 2020 high at $187 and it is currently correcting lower against the US Dollar, similar to bitcoin. ETH price must stay above $178 to continue higher in the near term. ETH price is currently correcting lower from the $187 yearly high against the US Dollar. The price could decline heavily if it breaks the $178 and $175 support levels. There is a crucial bullish trend line forming with support near $178 on the 4-hours chart of ETH/USD (data feed via Kraken). The pair could either…

Litecoin Closing Above This Level Could Mean 100% Surge Will Take Place

There was a time when Litecoin was trading alongside the crypto market’s foremost leaders, Bitcoin, Ethereum, and XRP. But over the past few years, since the previous market bubble, the prominent altcoin has suffered. As of the time of writing this article, LTC is now the seventh-largest cryptocurrency by market capitalization — not bad by any stretch but not as good as it has been in the past. According to a prominent Bitcoin analyst, however, Litecoin could be on the verge of gaining even more strength against its altcoin brethren,…