LBank Crypto Market Daily (Mar 24)

BTC

The intraday high of BTC was at 57,190 yesterday and the lowest was 53k. It suffered rejection at 60k amid intense selling pressure, and retraced to 54k~55k for weak support. BTC is under correction as expected and 47k is the most possible support level. Entering is still not advised.

ETH

ETH had a daily high of 1,783.2 yesterday and the lowest was at 1,652.5. The new resistance level moved to 1,800 with a short-term support level at 1,650. Traders are not advised to enter as correction continues.

BCH

The daily high of BCH was 538.7 and the lowest was 535.1. The resistance at 550 was strong and hard to be penetrated again. The short-term support level was at 430, relatively weak. The falling trend is obvious, and traders are advised to sell limits if the support level fails to hold.

XRP

The daily high of XRP was 0.6000 yesterday with the lowest being 0.5356. The resistance level was at 0.5300 with intense selling pressure and the short-term support level was at 0.4300. Though there seems a rise occurs recently, it is more likely a hype than a real bullish sign. Hence, entering is still not advised.

DOT

The daily high of DOT was 37.63 yesterday with the lowest being 34.50. The resistance level was 39 and the sUpport at 32 was weak. Close the posItion and wait.

UNI

The daily high of UNI was 35.83 yesterday with the lowest being 35.55. The short-term resistance level was at around 35 with a quite strong support at 27.50. The price fell again shortly after it surged to a new high this morning, which suggests a lack of motivation. Traders still holding are advised to reduce position.

LINK

The intraday high of LINK was at 29.18 yesterday and the lowest was at 26.64. It suffered rejection at around 32 amid intense selling pressure, and retraced to 26.50 for short-term support, which will fail to hold sooner or later.

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