What happened in the cryptocurrency market and to three main currencies — bitcoin, ethereum and XRP over the past 24 hours.
Top-10 cryptocurrencies by performance as of October 24
On Tuesday the cryptocurrency market showed some mixed dynamics. Bitcoin and ethereum adhered to a neutral scenario, while XRP fulfilled all the goals of the bullish scenario.
Bitcoin (Bitcoin) remains in the center of the high-volume area. This morning the cryptocurrency expectedly tested the maximum marks of October 16-18.
Time-lapse: on October 24, 2017, bitcoin price once again lost $200 and decreased to $5,907.
BTC chart by TradingView
Today the neutral scenario predicts fluctuations within the $6,360 - 6,482 range.
Bulls came to the market and pushed ethereum (ETH/USD) away from the support level into the $198 -199 area. Today we probably see fluctuations within the $199 - 205 range.
Time-lapse: on October 24, 2017, unlike bitcoin ethereum price went up to $310.02.
ETH chart by TradingView
Today bulls will attack the upper border of the $206 area and the maximum marks of October 16-17. The global target is the control price of $211.
XRP (XRP/USD) showed a very interesting dynamic. The uptrend acted as a support leading to the influx of buyers. As a result the cryptocurrency tested the maximum marks of October 17-18 and the low level of $0.469.
Time-lapse: on October 24, 2017, XRP price increased to $0.21.
XRP chart by TradingView
Today, after the uptrend we may see bullish scenario unravel. Recently buyers have had a specific goal - the maximum mark at the $0.473 - 0.474 level. Now they know that sellers are active there, they will attack this area. The long-term goal is still $0.528.
Aside from bitcoin, ethereum, and XRP there are several other interesting digital currencies or altcoins worth taking a closer look at. The losers and winners of the past 24 hours are: PumaPay with 466.36% growth and United Bitcoin with 59.90% decrease. Keep an eye on cryptocurrencies, study them and use our quotes page to keep up to date.
Trading in the cryptocurrency market is associated with high risks and is not suitable for every investor. The above analysis should not be considered as a recommendation or a call to action. Each trader should assess the risks for themselves. Both the author and ihodl.com are not liable for the potential losses incurred.