Digital currencies have been struggling for more than a year. This has not only caused significant losses, but it is also keeping new investors from entering the market. The result of this is that trading volumes have fallen precipitously. Many are wondering if the prices of the leading cryptocurrencies will fall even further. Bitcoin Experts believe that traders have been waiting for Bitcoin to bottom out as a signal to buy it. Unfortunately, this signal has not yet come, and some think that the currency may fall below the $3,000 support level all the way down to $2,600. But in the meantime others are hopeful for a reversal. Ripple It is expected that Ripple, for the third time in the last few months, will fall below $0.278. Some believe it could fall all way to $0.245, which would represent its yearly low. Experts suggest holding off on long-term buying positions unless the currency experiences a sharp rebound. Ethereum Many are watching whether sellers of Ethereum will bring the currency below the $103.2 level. If this happens, some are expecting that the currency could fall all the way down to $83. On the other hand, if it can rise above $116, some are hopeful that it could rise above $134 and to as high as $167. EOS Some see EOS falling below its current support level of around $2.17. If this occurs, it is expected that the currency could fall to below $1.78 all the way down to about $1.55. If, however, buyers can raise the currency above $2.59, this could be a signal to buy it. Bitcoin Cash Traders have been watching to see if Bitcoin Cash falls through the $105 level. If this happens, it could fall all the way to below $74. However, if it rises above $121, some believe it could continue to $141. Litecoin Litecoin had been maintaining the $33 support level for many days. But it has fallen through it, and some expect it to fall below $30 and perhaps all the way to $23. On the other hand, if it can surpass the $36.43 level, buying it may be in order.
Subscribe to Find the Best Cryptocurrencies & News - 99 Crypto
Get the latest posts delivered right to your inbox.