LBank Crypto Market Daily (Mar 12)

BTC

The intraday high of BTC was at 57,371 yesterday and the lowest is at 54,259. It suffered rejection at around 58k in the short term, and retraced to 54k for support. The short-term trend is still bullish generally speaking, and the support level is hard to be penetrated even there is a pull back. Hence, traders are advised to hold and wait for another round of price rise before considering close a position.

ETH

ETH had a daily high of 1,868.0 yesterday and the lowest was at 1,725.0. The relative resistance level was from 1,900 to 2,000 with a quite strong support level at 1,650 in the short term. It’s hard for ETH to keep bullish, but traders are advised to hold position and wait for its pulling up as it still has a weak link with the general market.

BCH

The daily of BCH was 568.2 and lowest was 527.7. The resistance and support level was 550 and 520 respectively. Traders are advised to open position at the support level and hold.

XRP

The daily high of XRP was 0.4703 yesterday with the lowest being 0.4407. The resistance level was at 0.4650 with intense selling pressure, with the support level being 0.3900 in the short term. The slightly falling trend continues recently. Investors are not recommended to enter. For traders holding position, it’s better to wait and see how it going to be.

DOT

The daily high of DOT was 39.26 yesterday with the lowest being 35.89. The resistance level was at 42 in the short term. The bumpy trend wouldn’t last long and being bullish is still expected. Traders are advised to hold and sell when there is a new ATH.

UNI

The daily high of UNI was 31.96 yesterday with the lowest being 29.50. The resistance and support level was at around 35 and 29 respectively. Support at 30 failed to hold but reclaimed afterwards yesterday. The generally upward trend still holds, and rebound is expected. Traders are advised to sell limit when there is a rebound.

LINK

The intraday high of LINK was at 30.80 yesterday and the lowest is at 28.55. It suffered rejection at around 32 amid intense selling pressure, and retraced to 29 where support was strong. If support at 29 fails to hold, the falling trend is most likely to continue. For now, the support level is quite strong, and traders are advised to hold.

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