What happened in the cryptomarket and the three main currencies — bitcoin, ethereum and XRP over the past 24 hours.
Top-10 cryptocurrencies by market capitalization as of October 26:
On Thursday the cryptocurrency market followed a neutral scenario. Trading range in bitcoin and ethereum continues to shrink.
Bitcoin (Bitcoin) remains in the center of the high-volume area (How many times have we said this now?). The main scenario hasn’t therefore changed.
Time-lapse: on October 26, 2017, bitcoin continued to showcase olympics worthy somersaults, gaining $300, fixing at $5,864.
BTC chart by TradingView
The neutral scenario provides for fluctuations within the $6,343 - 6,490 area. Nothing is more stable than that!
Ethereum (ETH/USD) spent the day in a very narrow range. For further growth it needs more active buyers at the $198 - 199 levels.
Time-lapse: on October 26, 2017, ethereum price won $4 and stopped at $300.29.
ETH chart by TradingView
The base target of the bulls is the upper border of the $206 area and the maximum marks of October 16-17. In case of favorable news, the cryptocurrency can rise in price to $211 and even $223.
XRP (XRP/USD) has tested the $0.449 level and the trend line. Will buyers come to the market this time? We will see.
Time-lapse: on October 26, 2017, XRP price didn’t change from $0.205.
XRP chart by TradingView
If today the growth levels remain the same as on October 24, the maximum mark of Wednesday ($0.474) will most likely fail, and XRP will go to an area with the control price of $0.486.
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 Atmos with 113.13% growth and Smart Application Chain with 38.28% 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.