Ethereum Price Analysis:
Ethereum is the second-largest coin in the crypto market. The coin has a flourishing past, and we are sure that it would have a great future too. The current situation of the crypto market is not impressive. The same has affected the coins also. Ethereum is expected to start the price rally in some time. To understand the momentum of the ETH coin, let’s have a look at the chart.
Above chart is reflecting downtrend in the price of Ethereum. The coin opened at $226.47 on 7th August and kept a moderate movement & closed at $226.01. On 8th August, the coin started the regression. Ethereum price changed from $226.01 to $221.93 by 1.74%. On 9th August, the coin slipped from $221.93 to $214.37 by 3.44%. On 10th August, the downtrend continued. ETH coin fell from $214.3 to $207.01 by 3.43%. The coin touched $216.74 on 11th August from $207.01 by 4.70%. On 12th August, the Ethereum again slipped from $216.74 to $208.98 by 3.58%. The coin is currently dealing at $209.58. The coin is recommended for long-term investors.
Ripple Price Analysis:
Ripple (XRP) is the third-largest coin in the market. The Market Cap is marked at $12,758,069,948. The coin is likely to improve in the coming days. There is a high prospect of an upsurge in the future. The week-long XRP price chart is reflecting fall.
XRP started at $0.31182 on 7th August. Ripple coin booked a regression of 0.36% and reached $0.31074. The downtrend continued on 8th August. The price counters changed from $0.31074 to $30911 by 0.52%. On 9th August, the XRP coin dropped by 2.52%. The price fell from $0.30911 to $0.30131. On 10th August, Ripple started recovering. The coin opened at $0.30131 and went up to $0.30245 by 0.38%. The upsurge couldn’t hold itself. On 11th August, the coin changed places from $0.3024 to $0.3019 by 0.16%. On 12th August, XRP coin gain fell from $0.302 to $0.301 by 0.25%. Today, the coin again opened with a drop of 1.64%. The coin slipped from $0.30125 to $29632. The coin would improve and start moving up. The coin would be best suited for long-term traders.
Litecoin Price Analysis:
Litecoin is the fifth-largest coin in the market. The coin has shown a remarkable momentum in the first two quarters. There is a high expectation of Litecoin replacing Bitcoin in the future. Let’s have a look at the weekly chart.
The Litecoin chart is reflecting a heavy fall. The coin opened at $93.024 on 7th August. The coin fell from $93.024 to $90.181 by 3.06%. On 8th August, the coin booked an upsurge. The coin jumped from $90.181 to $90.642 by 0.57%. On 9th August, the coin again fell from $90.642 to $85.796 by 5.40%. On 10th August, the coin again jumped from $85.79 to $86.58 by 0.85%. On 11th August, the coin again jumped from $86.58 to $89.369 by 3.22%. Yesterday, the LTC price again fell from $89.369 to $85.796 by 4.06%. Today, the downtrend continued. Litecoin price changed from $85.796 to $84.524 by 1.48%. The fall would be over soon. The long-term investors should dig in Litecoin to draw massive returns.
First Published at XRP, ETH and LTC Reflect Downtrend in the Weekly Chart – CryptoNewsZ