Bitcoin (20K), Ethereum (1K), Litecoin Price Analyses
Bitcoin (20K), Ethereum (1K), Litecoin Price Analyses
Trading

Bitcoin (20K), Ethereum (1K), Litecoin Price Analyses

By R.L. Bryer - 23 Jun 2022

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Bitcoin Analysis

Bitcoin’s price closed above the 2017 cycle top high of $19,891 on Wednesday as bulls continue to carve out further support at that level. BTC’s price retested that level and concluded its daily session on Wednesday -$749.9. 

The BTC/USD 8HR chart below from Shiva-Sativa is the first chart we’re analyzing for Thursday. BTC’s price is trading between 0.236 [$18,700.23] and 0.382 [$21,560.27], at the time of writing.

The targets to the upside for bullish traders if they can hold the $19,8k level are 0.382, 0.5 [$23,871.99], and 0.618 [$26,183.61].

Conversely, the targets for bearish traders to the downside of the chart if they can break $19,8k are 0.236, and a full retracement at 0 [$14,076.99].

Bitcoin Analysis
BTC/USD 8HR chart: the price is trading between 0.236 [$18,700.23] and 0.382 [$21,560.27]
Bitcoin’s Moving Averages: 5-Day [$20,627.99], 20-Day [$26,654.01], 50-Day [$31,738.93], 100-Day [$36,862.73], 200-Day [$44,010.5], Year to Date [$37,588.79].

The Fear and Greed Index is 11 Extreme Fear and is equal to Wednesday’s reading.

Fear and Greed
The Fear and Greed Index is 11 Extreme Fear

BTC’s 24 hour price range is $19,730-$20,848 and its 7 day price range is $17,760-$22,664. Bitcoin’s 52 week price range is $17,611-$69,044. 

The price of Bitcoin on this date last year was $33,703. 

The average price of BTC for the last 30 days is $27,009.7 and its -31.5% over the same time frame. 

Bitcoin’s price [-3.62%] closed its daily candle worth $19,943 and BTC has been alternating between red and green candles for the last nine days.

Ethereum Analysis 

Ether’s price sold-off nearly twice as hard as bitcoin’s price on Wednesday and ETH wrapped-up its daily session -$76.99.  

The ETH/USD 1D chart below by aeloxcom is the second chart we’re looking at today and it shows an ongoing battle at the 0.786 fibonacci level [$1,119.45]

Bullish ETH traders want to regain 0.618 [$1,929.59] if they can hold the 0.786. Above 0.618 the targets are 0.5 [$2,498.62] and 0.382 [$3,067.64].

From the perspective of bearish ETH traders, they’re attempting to send ETH’s price back below the $1k level and eventually revisit 1 [$87.49] on the daily time frame. 

Ethereum Analysis 
ETH/USD 1D chart shows an ongoing battle at the 0.786 fibonacci level [$1,119.45]
Ether’s Moving Averages: 5-Day [$1,107.81], 20-Day [$1,548.35], 50-Day [$2,143.94], 100-Day [$2,549.83], 200-Day [$3,143.68], Year to Date [$2,637.85].

ETH’s 24 hour price range is $1,043.65-$1,130.17 and its 7 day price range is $897.49-$1,235.88. Ether’s 52 week price range is $883.62-$4,878. 

The price of ETH on this date in 2021 was $1,967.83.

The average price of ETH for the last 30 days is $1,599.85 and its -45.2% over the same duration. 

Ether’s price [-6.84%] closed its daily candle on Wednesday worth $1,049.07 and in red figures for a third consecutive day. 

Litecoin Analysis

Litecoin’s price also traded lower at the close than at the open of Wednesday’s daily session and LTC finished the day -$1.44.

The third chart we’re looking at this Thursday is the LTC/USD 1D chart below from EliteTradingSignals

LTC’s price has overhead resistance at the $55.67 level. LTC’s price has been consolidating for nearly a week now and is forming a pattern reminiscent of BTC on the daily time frame. 

Bullish Litecoin traders have historical support looking left at the $49.81 level but if bulls lose that level they should anticipate another sizable markdown in price.

Litecoin Analysis
LTC/USD 1D chart: the price has overhead resistance at the $55.67 level

LTC is -57.24% against The U.S. Dollar for the last 12 months, -30.27% against BTC, and -23.9% against ETH, over the same duration.

Litecoin’s Moving Averages: 5-Day [$50.28], 20-Day [$57.42], 50-Day [$76.69], 100-Day [$96.40], 200-Day [$133.66], Year to Date [$102.14].

Litecoin’s 24 hour price range is $50.41-$54.7 and its 7 day price range is $42.07-$55.54. LTC’s 52 week price range is $40.4-$295.1. 

Litecoin’s price on this date last year was $128.98. 

The average price of LTC over the last 30 days is $58.86 and its -25.57% over the same timespan. 

Litecoin’s price [-2.69%] closed its daily candle worth $52.09 and LTC has been alternating between green and red candles over the last eight days. 

R.L. Bryer

Since 2009, the onset of the bitcoin network, R.L. Bryer has been covering the space. He is the author of Blockchain: Project Renaissance Volume I and II. He's also been the guest of countless bitcoin and cryptocurrency related podcasts throughout the world. Every opportunity, he speaks on or writes about Austrian Economics and how bitcoin is the world's preeminent money.

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