Altcoin Analysis: BTC, ETH, XRP, EOS, LTC — Cryptocurrency Review

April 29, 2019, by Marko Vidrih on ALTCOIN MAGAZINE

The cryptocurrency market has become boring again. The prices of most coins hover in narrow ranges. Volumes are low. The market capitalization index from Friday added 0.6%, rising close to a value of $171 billion.

Credit: CoinMarketCap

The news background is neutral. In the current situation, the most appropriate approach is again awaiting strategy until the moment when more comprehensible conditions for opening positions are formed.

Bitcoin

BTC chart moves within an uptrend indicated by a blue line. In the current situation, it seems appropriate to keep a small portion of the coin in the portfolio with a stop below the trend line. However, for significant volume transactions, conditions have not yet formed.

Ethereum

A small position in the coin in order to move in the area of ​​$175, is saved. On a longer time interval, the chart is locked inside a wide trading range with $154-$184 borders, so within the local trend you can choose points to increase the share of the coin in the portfolio.

Ripple

XRP chart formed on the support of $0,295 and from Friday is consolidating in a narrow range. If the price goes up, there will be a good opportunity to form the first part of a long position, so we are closely following the dynamics and moods of the participants. Up to this point, we consider it appropriate to refrain from active actions with the coin.

EOS

EOS chart, after having double-tested the $4.57 level, went sideways. Movement in a narrow range will end sooner or later, and in the case of going up, a window will open to form the first part of a long position. While watching the dynamics from the side.

Litecoin

LTC continues to move within the downtrend. The bulls can not yet reverse the trend, which is why there is an updated low. This coin has no ideas yet. Some clarity may appear after the chart finds its bottom and form key pivot points.

DISCLAIMER: All Content on this site is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in the Site constitutes professional and/or financial advice, nor does any information on the Site constitute a comprehensive or complete statement of the matters discussed or the law relating thereto.

Author: Marko Vidrih

Charts via Investing.com