Yaz Sheikh, Publisher at CoinCodex
Yaz is a cryptocurrency technical analyst with over seven years of technical analysis trading experience. As an Economics graduate, he has taken a keen interest in the future potential of blockchain in the financial industry. Removing crypto from the equation, Yaz loves to watch his favorite football team and keep up-to-date with the latest fights within the UFC.
Yaz Sheikh Latest Articles
We can clearly see Litecoin dropping into the support at the $130 level over the past few days. Litecoin had held very strong at this level of support, which is where the rebound has occurred. Litecoin has now increased slightly as it trades close to the $140 resistance level.
Litecoin has continued its aggressive bull run after increasing by a further 6.21% over the past 24 hours of trading, bringing the current price for the coin up to around $135. The cryptocurrency has now seen a 32% price increase over the past 7 trading days alone.
Ethereum had rolled over at resistance around the $178 level toward the end of May 2019. The cryptocurrency then went on to fall further lower to reach support at the short term downside 1.272 Fibonacci Extension level (drawn in purple) priced at $226. This price level had also provided strong resistance for the market during November 2018 and has not flipped into strong support moving forward.
Ethereum has seen a slight rebound from the recent -12.6% price fall that was witnessed over the past 7 days of trading. The ETH market had managed to find some strong support around the $240 area, which is close to where Ethereum is trading right now.
Litecoin has continued its price decline over the past 24 hours of trading, dropping by a further 2.45% to bring the price down to around $102. The cryptocurrency has fallen from a high of around $120, losing a total of 11% over the past 7 days of trading.
Analysing the daily ETH/USD above, we can see that Ethereum had struggled to make any movement above the $272 level before rolling over and falling. Ethereum then went on to fall into support at the previous bearish .382 Fibonacci Retracement level (drawn in red) priced at $247, where it is currently trading.
Stellar Lumens has seen a small 3% price increase over the past 24 hours which has allowed the price to rise towards the $0.14. However, overcoming the resistance at $0.14 is proving to be difficult for XLM bulls and other projects have overtaken Stellar to leave it in the 10th position.
Ethereum has now seen an 8% price surge over the past 7 trading days, allowing the cryptocurrency to rise above the $270 level to where it is currently trading around the $275 level. The Ethereum market has experienced a 76% price increase over the past 30 trading days, with a further 96% price increase over the past 90 trading days.
EOS has seen a price rebound, amounting to 7.36% over the past 24 hours of trading, bringing the current price for the cryptocurrency back above the $6.00 to where it currently trades at around $6.39. EOS has now seen a 19.28% price hike over the past 30 trading days with a further, rather remarkable, 64% price surge over the past 90 trading days.
Litecoin may has seen a small decline over the past 24 hours, bringing the price down to just below $91. However, the 6th largest cryptocurrency on the market is still up by a total of 19% over the past 30 trading days. Furthermore, Litecoin has now seen a massive 84% price increase over the previous 90 days.
