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Crypto Markets Trade Mixed, Analysts Cautiously Bullish on Litecoin and Ethereum



The crypto markets have started the weekend off with a mixed trading session as Bitcoin continues to trade sideways at its current price level of $3,475. Although the markets have remained stable around their current price levels, some major cryptos, including Litecoin and Ethereum, may soon see upwards price surges.

Although these cryptocurrencies may be showing some signs of bullishness, it is important to note that Bitcoin will likely have to maintain above $3,400, or surge above its resistance level at $3,500, in order for the markets to see a price surge of any significance.

Ethereum May Soon Surge Based on Historical Price Movements

Analysts have incredibly mixed feelings regarding Bitcoin’s current price action, with some analysts expecting BTC to drop back to its 2018 lows around $3,200, and other expecting it to build some upwards momentum in the near future.

Because Bitcoin has been stable over the past few days, however, analysts are looking closely at how some major…





Read Full Story : NewsBTC

2019-02-02 22:30:31

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