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Ethereum Classic, Litecoin & Bitcoin – American Wrap 11 August

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Ethereum Classic, Litecoin & Bitcoin – American Wrap 11 August

by Crypto Michael
August 12, 2021
in Litecoin
0


Ethereum price and XRP unlock from resistance levels, turning them to support and aggressively pursue higher prices. In contrast, Bitcoin price reaches a new rally milestone with a daily close above the 200-day simple moving average (SMA) at $44,985. 

BTC/USD 9-hour chart

Ethereum Classic price prepares for the next leg up that pushes ETC to $80

A brief technical and on-chain analysis on Ethereum Classic price. Here, FXStreet’s analysts evaluate where ETC could be heading next as it looks primed to break out.

Litecoin price energized, LTC to rally another 10% before profit-taking emerges

Litecoin price has engineered a 61.78% rally since July 21, and it is approaching the 200-day SMA for the first time since early June. An improved volume profile has supported the rally, and the intra-day charts do not show a bearish momentum divergence that often disrupts trending digital tokens. LTC should continue progressing to the measured move price target of $191.00 or higher for those reasons.



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