Crypto markets remain under pressure

Bitcoin has gone below $ 10,000, but this is the smallest problem of the largest digital currency. The price is kept below the psychological level, and at this stage we have no indication of an attempt to attack at the level. The deteriorating foundation around the Facebook project - Libra has put pressure on crypto markets. The US Congress is not inferior to Facebook, and they do not like the idea of ​​the company launching its own cryptocurrency. The bad reputation of the social network forms a biased attitude of politicians towards the corporation. On the upper side, the resistance zone is 10,000 - 10 020, and any attempt to move there will remain under pressure. On the downside, support is at 9011 - 9000, and it will be crucial and crucial for the cryptocurrency to keep this level secure. In the bigger picture, Bitcoin is still in the range.

Ripple also remains strongly suppressed in the area at 0.2525 - 0.2500 following Bitcoin. At this point, we can assume that the dreamy jumps in the price of the XRP are almost completely defeated. Despite its good foundation a few months ago, the digital currency could not erupt the way most crypto enthusiasts expected. The price remains below the 200 and 50 period averages as the bearish market is gaining momentum. The digital asset is already below the bottom since 12/16/2018. In this case, the red zone, which until the breakthrough was support, is already strong resistance. Passing the price below the green will boost sales. The latest news that Ripple has signed a contract with 10 of the top US banks for blockchain payment technology in this case ... is, to put it mildly, ignored.

Halving, who also had to shoot the price of Litecoin "went and went," as they say. The cryptocurrencies at this stage lack a foundation. Markets are driven by the main engine - attacks against Facebook. Refusing to let the Crypto ETF into its real life also outweighs digital asset prices. Litecoin is no exception. The price for the last three days makes minimal attempts to increase from the inside diagonal line. The area at 70.837 remains strong resistance, support at 58.523 will be extremely important. Litecoin also has a lethal intersection between 50 and 200 period averages.

Ethereum also does not lag behind in sales. The area at 162.630 remains strong support. If it breaks there, we expect the price to intensify its movement down to the zone at 125.034. The resistance zone at 175.979 will keep the price in a narrow range, expecting a break in either direction according to the catalyst formed. The two moving averages are also approaching a deadly intersection, a moment that will be key.

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