Here’s How BTC, LTC, DOGE, and LUNA Price Are Set To Perform In April!
The post Here’s How BTC, LTC, DOGE, and LUNA Price Are Set To Perform In April! appeared first on Coinpedia – Fintech & Cryptocurreny News Media| Crypto Guide
The Crypto market had started the week with a bull run but as the market is bleeding red today, it looks like the market is about to close the week on a bearish note.
Bitcoin bulls struggled hard to surpass the $47,500 level. However, after multiple failed attempts to do so, the bulls have given up sliding the Bitcoin price below $45,000. At the press time, Bitcoin is trading at $44,754 with a plunge of 4.98% in the last 24hrs.
On the other hand with Ethereum’s price dropping below $3,300, other altcoins too have plunged. Litecoin, which has decreased by 6.5% over the last 24hrs is trading at $121.69 at the time of writing. Also at press time, the meme head, Dogecoin, is changing hands at $0.13 with a plunge of 7.21% in the last 24hrs.
Analysts Expect BTC Bull Run Soon!
A veteran and pseudonymous Crypto trader, Kaleo informs his 475,300 followers on Twitter that with an increased Bitcoin price rally witnessed recently, he hopes BTC to rally a bit more and drop in the mid $50,000 range.
The immediate support for Bitcoin lies at $42,000 along with an immediate resistance barrier at $45,500 and $46,000.
Optimistic Out Look On Altcoins!
As per Kaleo, though Altcoins have performed pretty well, he is uncertain how Litecoin (LTC), a virtual peer-to-peer cryptocurrency will trade in the coming days.
For Litecoin the immediate support lies at $100 and the resistance barrier at $160. If the currency successfully surpasses $160, then Litecoin will reach $170 & $180. On the flip side if it falls below $100, then LTC might plunge towards $90 and $80.
The next currency on the pseudonymous trader’s radar is Dogecoin. On March 23rd Kaleo had expected Dogecoin to follow the 2018 rally. As the meme coin has gained nearly 20%, Kaleo expects some positive move.
Lastly, Kaleo has Terra (LUNA). As the altcoin price broke the $90 range on March 27th, the analyst expects the currency to trade past $150 during this cycle.
At the time of reporting, Terra (LUNA) is trading at $101.46 with a decrease of 5.21% in the last 24hrs.
