RATE Group | Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly
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Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly

04 Sep Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly

Posted at 16:28h in Ethereum News by

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Ripple, Ethereum, Litecoin Prices, News and Technical Analysis

Ripple (XRP), Ethereum (ETH) and Litecoin (LTC) Stuck

The cryptocurrency market remins in a late-summer lull with little price action of note and stagnating prices. Market-leader Bitcoin is attempting to push ahead and continues to rule the market with 53% dominance, but the next tier of cryptos are struggling to move, either way. The market as a whole is back to levels seen one-month ago, using total market capitalization, and volumes remain low.

Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly

Ripple remains in a thin downtrend on the four-hour chart and below all three moving averages. Small candles highlight the lack of trade, or interest, in XRP while the RSI indicator sits mid-market and gives no clues to the state of the market. A break back into and above the gap on the chart between $0.36 and $0.40 is needed to give Ripple some further upside momentum.

IG Sentiment Data show how retail traders are positioned in Ripple, Ethereum and Litecoin and how changes…

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