Price analysis 6/2: BTC, ETH, BNB, XRP, ADA, DOGE, MATIC, SOL, DOT, LTC

) dipped below the moving averages on May 31 but the bulls purchased at lower levels as seen from the long tail on the day’s candlestick.Buyers propelled the price above the overhead obstacle at $95 on June 1 but they haven’t achieved a close above it yet. If they do that, the LTC/USDT pair could rise to the resistance line of the symmetrical triangle pattern.

If the price turns down sharply from the resistance line, it will suggest that the pair may continue to oscillate inside the triangle for some more time. On the other hand, a break and close above the triangle will indicate the start of a new uptrend. The pair could first reach $115 and then start its march toward the pattern target of $142.

This article does not contain investment advice or recommendations. Every investment and trading move involves risk, and readers should conduct their own research when making a decision. This article is for general information purposes and is not intended to be and should not be taken as legal or investment advice. The views, thoughts, and opinions expressed here are the author’s alone and do not necessarily reflect or represent the views and opinions of Cointelegraph.

Coin Coin Latest News, Coin Coin Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Bitcoin Price Direction in June Forecasted by BTC Top TraderBitcoin expert trader anticipates this BTC price movement in June $BTC
Source: Utoday_en - 🏆 295. / 63 Read more »

Bitcoin price slips under $27K, but data shows BTC whales counter trading DXY strengthBitcoin price struggles to find footing above $27,000, but JLabsJanitor says BTC whales are counter-trading US dollar $DYX strength.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Wealthy Investors and Family Offices Embrace BTC Following Bank Failures, Says Swan Bitcoin Executive – Bitcoin NewsLubka said wealthy investors and private offices have been gravitating towards bitcoin since the downfall of Silicon Valley Bank (SVB).
Source: BTCTN - 🏆 531. / 51 Read more »

Last BTC price dip before a $30K breakout? Bitcoin wipes weekend gainsBitcoin ends May down 7% as BTC price predictions include a breakout to $30,000. “When these gaps fill, the bottom is usually near,” popular trader Jelle wrote in part of the day’s social media commentary. An additional post argued that BTC price action would soon break out to $30,000, completing a “falling wedge” construction with waning volatility.
Source: Cointelegraph - 🏆 562. / 51 Read more »

Bitcoin 'big move' due in July after March $30K push — latest analysisIt may be less than a month till the big Bitcoin breakout, predicts QCPCapital.
Source: Cointelegraph - 🏆 562. / 51 Read more »

BTC/USD Forex Signal: Bitcoin Comes Under Selling PressureThe BTC/USD pair erased some of the gains made earlier this week as concerns about the Federal Reserve tightening continued.
Source: Daily_Forex - 🏆 567. / 51 Read more »