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Crypto Price Analysis – May 26: ETH, XRP, ADA, TRX and LTC

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This week we take a closer look at Ethereum, RippleCardano, Tron and Litecoin. Ethereum (ETH) Ethereum volatility has increased over the past week, but it failed to break the key resistance at $1,820. Because of this, the price is at a similar level to last week. This consolidation below key resistance is unlikely to last and bulls appear eager to break away from it. On Tuesday, buyers briefly pushed the price above the key level, but sellers were able to quickly reverse the price action back below $1,820. …

Diese Woche werfen wir einen genaueren Blick auf Ethereum, RippleCardano, Tron und Litecoin. Ethereum (ETH) Die Volatilität von Ethereum hat in der vergangenen Woche zugenommen, es gelang ihm jedoch nicht, den wichtigen Widerstand bei 1.820 $ zu durchbrechen. Aus diesem Grund liegt der Preis auf einem ähnlichen Niveau wie letzte Woche. Es ist unwahrscheinlich, dass diese Konsolidierung unterhalb des wichtigen Widerstands von Dauer sein wird, und die Bullen scheinen bestrebt zu sein, sich davon zu lösen. Am Dienstag ließen die Käufer den Preis kurzzeitig über das Schlüsselniveau steigen, aber die Verkäufer konnten die Preisbewegung schnell wieder unter 1.820 US-Dollar umkehren. …
This week we take a closer look at Ethereum, RippleCardano, Tron and Litecoin. Ethereum (ETH) Ethereum volatility has increased over the past week, but it failed to break the key resistance at $1,820. Because of this, the price is at a similar level to last week. This consolidation below key resistance is unlikely to last and bulls appear eager to break away from it. On Tuesday, buyers briefly pushed the price above the key level, but sellers were able to quickly reverse the price action back below $1,820. …

This week we take a closer look at Ethereum, RippleCardano, Tron and Litecoin.

Ethereum (ETH)

Ethereum's volatility has increased over the past week, but it failed to break the key resistance at $1,820. Because of this, the price is at a similar level to last week.

This consolidation below key resistance is unlikely to last and bulls appear eager to break away from it. On Tuesday, buyers briefly pushed the price above the key level, but sellers were able to quickly reverse the price action back below $1,820.

Looking ahead, bulls could help ETH rally again next week and turn current resistance into support. If successful, this cryptocurrency will turn bullish and rise to $1,900 and $2,000 next.

Chart from TradingView

Ripple (XRP)

XRP faced strong resistance at 47 cents and was unable to rise further. This pushed the price lower, but it was at a similar level to last week. Despite the decline, buyers remain interested in this cryptocurrency.

With good support at 44 cents, bulls could attempt another breakout in the coming days, especially if market leaders like ETH also manage to move higher.

Looking ahead, it seems more likely that XRP will move higher soon, with the next major resistance at 50 cents. Despite a brief recovery, momentum indicators also remain bullish.

XRPUSDT_2023-05-26_15-09-29Chart from TradingView

Cardano (ADA)

Cardano is the exact opposite compared to XRP. The price is in a downtrend and has fallen by 3% in the past week. The key support lies at 34 cents and the price could test this important level in the coming week.

The resistance at 38 cents did not allow ADA to move higher. Instead, the price fell and reached lower highs. Today, the MACD made a bearish crossover, suggesting that this downtrend will continue.

Looking aheadCardano is in a difficult position. Bearish momentum appears to be strengthening and a recovery rally seems unlikely until price finds solid support.

ADAUSDT_2023-05-26_15-09-50Chart from TradingView

Tron (TRX)

While most altcoins are struggling, Tron is our best performer this week after posting an impressive 9.5% price increase. This rally also took it just below resistance at 8 cents. The key support is at 7 cents.

The MACD and RSI indicators signal a bullish bias that favors a continuation of this price movement. Tron also ended five days in the green last week, showing that buyers have the upper hand.

Looking ahead, TRX is well-positioned to continue its rally. Still, sellers may return to take a stand at the 8 cent resistance and not allow the price to move higher on the first breakout attempt.

TRXUSDT_2023-05-26_15-10-12Chart from TradingView

Litecoin (LTC)

Litecoin is struggling to find its footing after failing to break higher for several months. Every time the price rose above $100, sellers quickly stopped. Furthermore, the current resistance is at $95 and the bears rejected the price at this key level. This means that LTC ends the week with a loss of 5%.

The momentum is flat and the price does not seem to be able to develop a clear trend. This long period of consolidation began in early 2023 and may continue for some time. Until the price turns the $100 level into support, LTC is unlikely to move higher.

Looking ahead, current support is at $80 and sellers may not be satisfied until this cryptocurrency reaches this level to halt its pressure. At this point, the price could recover and continue its consolidation.

LTCUSDT_2023-05-26_15-12-06Chart from TradingView

The post May 26 Crypto Price Analysis: ETH, XRP, ADA, TRX and LTC appeared first on CryptoPotato.

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