The encryption market was in February, which attributed tensions on commercial tariffs. US President Donald Trump exacerbated sour feelings on Thursday after threatening 25 % on imports from the euro area. Nevertheless, I expect to find the prices of Avalanche, Litecoin and Bitcoin their way.
Bitcoin
The Bitcoin site, as the BellWether market is crucial in the current FUD market, as it places the rhythm of the rest of the market. The price of BTC is a psychological mark of $ 85,000 to this writing, and it will need to stay higher than this level to find out a good opportunity to install the reflection.
Bitcoin price is trading below the medium -sized level (VWMA) and the medium index (SMA) 20 SMA on the daily chart last week. This trend indicates a steady declining control, which can limit the recovery at bitcoin price.
On the upper side, the Bitcoin trading volume increased by 66 % to this writing, with the price increased by 0.8 % on the daily chart. This indicates that investors are ready to buy at a higher price, which is a good thing for the bullish side.
Bitcoin prediction
PIVOT: The axial brand is $ 84.067 and the bullish direction will prevail if the procedure remains above this level. Otherwise, momentum can turn to the negative side.
Resistance: Initial Resistance at $ 85,715. Secondary resistance is likely to be $ 86,970.
Support: The BTC price is likely to find the first support at 83,100 dollars. The bullish narration will be not valid below this level. Second support at $ 82,000.
Litecoin
Litecoin adopted a contradictory path early Thursday, supported by the growing news of the institutional interests. There is increasing confidence that SEC will agree to Spot Litecoin ETF in the coming weeks, which may increase its exposure to institutional investors. Meanwhile, Litecoin’s open attention increased by 2.8 % over the 24 hours that preceded this writing, at a time when the broader market was red.
Last month, the price of Litecoin increased by 10 % of the FUD morale. For comparison, Bitcoin decreased by 16 %, ETHEREUM decreased by 27 % while XRP lost 28 % of its value in that period. This has led to a relatively strong positive feeling towards LTC, in favor of more gains.
Litecoin prediction
Pivot: The axial brand is $ 123.70, and the procedure is preferred above this level for buyers to stay in control. The collapse under that sign will turn the momentum to the negative side.
Resistance: Initial Resistance at $ 130.75, the second resistance at $ 136.00.
Support: First Support at $ 120.00. The collapse under this level will nullify the bullish direction. Second support at $ 114.20.
Collapse
Avalanche Foundation has made a partnership with Rain to launch the Avalanche card, which enables users to pay for good services and services in any institutions that accept visa cards. Especially, the card allows payment using USDC, USDT, Avax (Wavax) and Avax.
The Avalanche card is another important step towards integrating encrypted currencies into the prevailing financial payments market, and can increase the tool and demand on Avax. However, the price of AVAX trades ravagely to the level of support for a period of six months of $ 20, and the rest of the neck line may lead to the declining emotions.
Prediction the collapse price
Pivot: The axial brand is $ 22.10, and the procedure above this level will prefer buyers to stay in control. Otherwise, momentum can turn to the negative side.
Resistance: The initial resistance at $ 22.80, the second resistance at 23.35 dollars.
Support: First Support in 21.45 dollars. The bullish narration will be not valid below this level. Second support at $ 21.00.
