• Crypto currency brief: bitcoin rebounds to near $6,500 Mark, bch/usd rangebound, litecoin hovers near 14-month low – Wednesday, August 15th, 2018

    Source: FxWire Pro - Commentary / 15 Aug 2018 10:27:59   America/New_York

    BTC/USD: Bitcoin rebounded during late European session Wednesday to near $6,500 mark, after witnessing renewed sell-off over the past few days. This week, nothing much at the fundamental level has exchanged paths with the cryptocurrency. At the time of writing, BTC/USD jumped 3.28 percent to $6,391.20. Meanwhile, the near-term support is seen at $5,780.00 and resistance at $6,500.00.

    ETH/USD: Following Bitcoin’s trend, Ethereum prices also remained on the upside, although still hovering around recent lows, after the humongous selling pressure created by ICOs yesterday, as projects are always in search for liquidating digital assets in exchange for fiat currency, according to the latest news from NewsBTC. At the time of writing, ETH/USD rose 2.64 percent to $285.60, hitting day’s low of 277.63. Meanwhile, the near-term support is seen at $240.00 and resistance at $320.00.

    XRP/USD: Ripple also followed its wider peers, after a short-term rebound in the general sense of pessimism started to take over the cryptocurrency market. In other news, the Jamaica Stock Exchange (JSE) had announced on Tuesday that it will soon be offering cryptocurrencies as tradeable assets for its clients, Coindesk reported. At the time of writing, XRP/USD surged nearly 5 percent to $0.28597. Meanwhile, the near-term support is seen at $0.2450 and resistance at $0.3100.

    BCH/USD: Bitcoin Cash, remained no different, rising, but proportionately lower than its counterparts, after a generic pessimism that shook digital currency markets since mid of last week. Any consolidation above the $590 level may provide room for a short-term bullish reversal. At the time of writing, BCH/USD traded 0.44 percent up at $513.20. Meanwhile, the near-term support is seen at $450.00 and resistance at $520.00.

    EOS/USD: The EOS, also displayed green patterns, trading nearly flat. At the time of writing, EOS/USD traded 0.20 percent higher at $4.5832. Meanwhile, the near-term support is seen at $4.0000 and resistance at $4.6700.

    LTC/USD: The Litecoin traded near 14-month low on Wednesday and is trying hard to hold above $55 mark. At the time of writing, LTC/USD traded 2.19 percent higher at $55.44. Meanwhile, the near-term support is seen at $49.00 and resistance at $60.00.

Share on,