Categories: Market

Cryptocurrency Market September 16: Bitcoin, Ethereum and Altcoins Have Many Positive Signs

Cryptocurrency market September 16 by cryptonew: Bitcoin price remains above USD 46,000 and USD 46,500. BTC expanded profits above $ 47,000 and even broke the $ 48,000 resistance. At 04:31 UTC, BTC is hovering above $ 48,200.

Also, most of the big altcoins are steadily increasing. ETH is up nearly 8% and even surpassed $ 3,600. XRP broke the $ 1.10 level and climbed above the $ 1.12 resistance. ADA could gain momentum if price closes above $ 2.50.

Cryptocurrency Market September 16th

Crypto market September 16: Bitcoin price

After a clear breakthrough above $ 46,000, Bitcoin price was able to continue its bullish momentum. BTC broke the USD 47,000 resistance and even climbed above USD 48,000. It is facing sellers near the $ 48,500 level and is currently trying to regain momentum above the $ 48,200 level.

On the flip side, the next major resistance is near the $ 48,500 level, above which the price could test $ 49,200. The first major support could be at $ 47,000, with a possible pullback to $ 46,500 below that.

Cryptocurrency Market September 16: Ethereum Price

Ethereum price is outperforming Bitcoin and could rise above the USD 3,500 resistance. ETH even broke through $ 3,550 and rose to over $ 3,600. A close above this level could open the door to a stronger rally.

Crypto Market September 16: ADA, LTC, DOGE and XRP prices

Cardano (ADA) is consolidating near the $ 2.50 mark. The main breakout zone remains near the $ 2.55 mark, above which the price could gain momentum. Otherwise, there is a risk of a move towards USD 2.25.

Litecoin (LTC) is up over 6% and has broken the USD 190 resistance. If the bulls succeed, the price can steadily rise towards the $ 200 mark. On the flip side, the price could stay stable near the $ 180 mark.

Dogecoin (DOGE) is still facing major resistance near the $ 0.250 level. A closing price above $ 0.250 is a must for a steady increase. If so, the price could break even below $ 0.265. The next major resistance is at $ 0.280.

The XRP price is rising and can settle above the USD 1.10 level. The key resistance remains near $ 1.12. A closing price above $ 1.12 can push the price to $ 1.20. Conversely, a decline to the USD 1.05 level is possible.

Crypto Market September 16: Another Altcoin Market

Many altcoins are up more than 8%, including ZEN, REN, SUSHI, AVAX, WAVES, CRV, TEL, CELO, REV, RUNE and SNX. Of these, ZEN rebounded over 28%, breaking the $ 105 mark.

Overall, Bitcoin price above $ 47,000 is showing positive signs. BTC could correct downward in the short term, but the decline could be limited below $ 46,500 and $ 46,000.

Join our Facebook group and Telegram group Coincu News to chat with more than 10,000 other people and exchange information about the crypto currency market.

Important NOTE: All content on the website is for informational purposes only and does not constitute investment advice. Your money, the choice is yours.

CoinX

Recent Posts

Gate.io Launches USDE Financial Products with Annualized Returns of Up to 54%, Ushering in a High-Return Era for Stablecoin Investments

Nov 18th, Panama - Gate.io, a global leader in digital asset trading, has officially unveiled…

1 hour ago

Bitdeer Convertible Notes Worth $360 Million Offered for Expansion Efforts

The Bitdeer convertible notes offer a 42.5% conversion premium, allowing conversion into cash with the…

2 hours ago

Sui Foundation Enters into Strategic Partnership with Franklin Templeton Digital Assets

Grand Cayman, Cayman Islands, 22nd November 2024, Chainwire

2 hours ago

Best Cryptos to Invest in December 2024: Qubetics Surges Past $2.6M as Solana Records Big Whale Pump and Polkadot Aims for $6

Best Cryptos to Invest in December 2024: Qubetics surges past $2.6M, Solana’s whale pump ignites…

4 hours ago

Bitcoin Trader Turned $100M in His 20s—Now Reveals 5 Altcoins to Build a $50M Portfolio, With Memecoins Leading the Way!

As Bitcoin reaches unprecedented heights and the market surges, he's highlighting five altcoins poised for…

5 hours ago

This website uses cookies.