RATE Group | Ethereum, XRP, Litecoin Turn Bullish on Bitcoin’s Strong Performance
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Ethereum, XRP, Litecoin Turn Bullish on Bitcoin’s Strong Performance

25 Apr Ethereum, XRP, Litecoin Turn Bullish on Bitcoin’s Strong Performance

Posted at 11:31h in Cryptocurrency News by

Investors appear to be growing optimistic about the future of the cryptocurrency market, which could lead to more upside price momentum.

Key Takeaways

  • Ethereum is trying to move above $200, but there is a significant supply wall ahead.
  • Meanwhile, multiple technical indexes estimate that Ripple’s XRP is turning bullish for the first time since late 2018.
  • Litecoin, on the other hand, is being contained by its 50-day exponential moving average, which appears to be weakening over time.

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The cryptocurrency market is back in the spotlight after a bullish impulse pushed up prices for most digital assets. Indicators show further upward potential for Ethereum, XRP, and Litecoin, though important resistance levels are holding them down.

Ether Faces Strong Resistance Ahead

Since the Mar. 12 crash, Ethereum has been making a series of higher highs and higher lows. The bullish momentum has taken its price up more than 117%.

The smart contract giant surged from a low of $90 to a recent…

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