LBank Crypto Market Daily (Mar 15)
BTC
The intraday high of BTC was at 61,800 yesterday and the lowest is at 59,336. It suffered rejection at around 62k, and retraced to 58k for support. BTC exploded last weekend. If support at 58k confirms, the rising trend may continue in the short term. However, due to the upcoming futures delivery, the trend after the ATH is uncertain. Hence, traders are still advised to reduce position gradually.
ETH
ETH had a daily high of 1,943.0 yesterday and the lowest was at 1,846.5. The relative resistance level was from 1,900 to 2,000 with a short-term support level at 1,750. It still underperformed the market. Traders holding position are advised to hold and sell limit if resistance continues.
BCH
The daily of BCH was 568.2 and lowest was 527.7. The resistance level was at 680 with intense selling pressure and the 550 became the support level. Traders are advised to close position as the trend in the late March is not going to be optimistic.
XRP
The daily high of XRP was 0.4654 yesterday with the lowest being 0.4420. The resistance level was 0.4650 with intense selling pressure and the short-term support level was at 0.3900. Traders are still not recommended to enter as the trend continues falling down.
DOT
The daily high of DOT was 38.25 yesterday with the lowest being 36.33. The resistance and support level was 42 and 36 respectively. It is highly possible to hit a new all-time high, after which traders are advised to reduce position gradually.
UNI
The daily high of UNI was 33.75 yesterday with the lowest being 31.22. The resistance level was at around 35 with a quite strong support at 29. Traders are advised to sell at rallies if the price confirms at 30.
LINK
The intraday high of LINK was at 30.56 yesterday and the lowest is at 28.68. It suffered rejection at around 32 amid intense selling pressure, and retraced to 27.50 for short-term support. Traders are advised to close position if support at 27.50 fails to hold.
Click here to download for iOS or Android
Find us on:
Telegram: https://t.me/LBank_en
Twitter: https://twitter.com/LBank_Exchange
Facebook: https://www.facebook.com/LBank.info
Medium: https://medium.com/LBank
LinkedIn: https://www.linkedin.com/company/lbank
