After weeks of downswings, the Etheruem price is attempting to establish a foothold in order to kick-start a big bull movement. If buyers can push Ethereum to a new swing high, it could herald the commencement of a bull run that may drive the price of the cryptocurrency to levels last seen in mid-June.
For Mad Money host Jim Cramer, Ethereum is now his preferred crypto investment asset. Due to China’s recent ban on Bitcoin mining, the host is said to have liquidated nearly all of his BTC holdings.
Since bottoming on June 22, the price of XRP has made two higher lows and two higher highs. This action shows that buyers are present. While the recent local high may cause a retreat, it will aid the bulls in uniting and propelling Ripple to crucial levels.
The price of XRP has been steadily declining since June 14, but it made an intermediate swing high of $0.783 on June 21 before the sell-off became more severe. This crash bottomed at $0.509 on June 22 and rebounded 44 percent to set up two swing highs, the most recent of which was at $0.734.
Several assets are benefiting from the global recovery, and Litecoin is one of them. LTC is on a four-day winning streak, and it doesn’t appear to be ending anytime soon.
Litecoin is on a roll right now. The cryptocurrency is producing green results for the fourth day in a row. For the time being, it does not appear to be coming to an end. With LTC currently trading at $145.00, Litecoin has a 10% chance of reaching the $160.00 target.
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