Bitcoin and Ethereum aim for new highs, ADA rallies

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Bitcoin price started consolidating gains after marking the $ 46,700 area. BTC is currently trading (13:17 UTC) in a range above the support level of $ 45,000. If the bulls remain active, the price could aim for a new high above $ 46,700.

Likewise, most of the major altcoins could continue to rise. ETH is trading well above $ 3,000 and may soon exceed $ 3,200. XRP remains well offered above $ 0.80 and is approaching $ 0.85.

Total market capitalization

Source: www.tradingview.com Bitcoin price

After nearly testing $ 46,500, the price of bitcoin began to correct to the downside. BTC traded below the USD 46,000 support area. However, the bulls are protecting the support levels of $ 45,000 and $ 44,500 and the price is again trying to move closer to $ 46,000 which is initial resistance. The first key resistance is near the $ 46,500 level, above which the price may aim for a new monthly high.

Ethereum price

Ethereum price is stable above the support level of $ 3,050. Immediate resistance is near the $ 3,180 level. The main resistance is still near the $ 3,200 area. A successful close above $ 3,200 could trigger a steeper rise. In this scenario, the price could even go up to $ 3,350. On the downside, first support is near the $ 3,050 level. Major support is near the $ 3,000 level, below which the price may drop to $ 2,900.

ADA, LTC, DOGE and XRP prices

Cardano (ADA) is showing positive signs above $ 1.50 and it is up over 8%. The price is trading above $ 1.55 and it may test the resistance of $ 1.60 soon. Further gains could set the tone for a larger rise towards the $ 1.65 and $ 1.66 levels. Litecoin (LTC) jumped above the $ 160 level. He even tested the $ 170 level before there was a downward correction. It is now consolidating above $ 160, with decent support at $ 155. Major support is now forming near the $ 150 level. Dogecoin (DOGE) was correcting its gains and trading below the $ 0.250 level before rising again. Key support is at $ 0.220. The price may eventually rise towards the level of $ 0.272 in the near term. The price of XRP accelerated towards the $ 0.850 level. If failed, there is a risk of falling to the $ 0.780 support. The next major support is at $ 0.750.

Other altcoins market today

A few altcoins topped 5% including RVN, AXS, ONE, ICP, AVAX, EGLD, VGX, KSM, and DGB. Of these, RVN rose more than 30% and broke resistance at $ 0.135 before correcting lower.

To sum up, bitcoin appears to be gaining ground above $ 45,500 and it could start a further rise towards $ 48,000 in the next few sessions ._____

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