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BTC, XRP and LTC Price Analysis for September 16

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Fri, 16/09/2022 - 16:03
BTC, XRP and LTC Price Analysis for September 16
Cover image via www.tradingview.com

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Despite ongoing sellers' pressure, some coins are trying to grow, according to their CoinMarketCap ranking.

Top coins by CoinMarketCap

BTC/USD

Bitcoin (BTC) is on the list of those coins that are located in the green zone.

BTC/USD chart by TradingView

Despite the slight growth, it is too early to think about a fast recovery as Bitcoin (BTC) has not accumulated enough power for that. As long as the rate remains trading below the $20,575 mark, bears tend to be more powerful than bulls.

Bitcoin is trading at $19,710 at press time.

XRP/USD

XRP is the biggest gainer today as the price has gone up by 1.63% since yesterday.

XRP/USD chart by TradingView

Although buyers are trying to seize the initiative, XRP remains trading in a wide channel between the support at $0.3119 and the resistance at $0.3694. One can consider a potential rise only if the price reaches the $0.36 zone.

XRP is trading at $0.3321 at press time.

LTC/USD

Litecoin (LTC) is the main loser, falling by 7.11%.

LTC/USD chart by TradingView

Even though Litecoin (LTC) remains trading in a wide range, the price is slowly approaching its support level at $52.28 on the daily chart. In this case, a further drop to the $53 mark might provoke a sharp drop to the $50 area.

Litecoin is trading at $55.94 at press time.

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