Cryptocurrency market on October 13, according to cryptonew: Bitcoin price began to correct downwards from the USD 57,800 area. BTC corrected below $ 55,500 and even tested $ 54,000. At 04:31 UTC, BTC recovers and trades above $ 56,000.

Also, most of the big altcoins struggle to make new profits. ETH is consolidating near the $ 3,500 mark. XRP tested the USD 1.05 support where the bulls showed up. ADA is struggling to bounce back above $ 2.15.

October 13th cryptocurrency market: Bitcoin price

After the Bitcoin price fell below $ 56,000, it prolonged its decline. BTC corrected below $ 55,500 and $ 55,000. However, the bulls appear near $ 54,000 and have a new upside move. The price climbed above the $ 55,000 and $ 56,000 levels. On the flip side, initial resistance is near the $ 56,500 mark. The next major resistance is at $ 57,000, above which a pullback to $ 57,800 is possible.

On the downside, the initial support is close to $ 55,650. The next big support is at $ 55,000, below which a retreat to $ 54,000 is possible.

Cryptocurrency Market October 13th: Ethereum Price

Ethereum price extended its drop below $ 3,500. ETH tested $ 3,400 before making new profits. The price is currently consolidating at $ 3,500 and encountering resistance at $ 3,550. Key resistance is currently forming near the $ 3,600 mark.

If there is another drop, the price may test the $ 3,440 level. The next major support is at $ 3,400, below which it is possible to drop to $ 3,350.

Crypto Market October 13: ADA, LTC, DOGE and XRP prices

Cardano (ADA) extends the decline below $ 2.12 and $ 2.10. The price tested the $ 2.07 level and held above the $ 2.05 support. On the flip side, the bears can defend the $ 2.15 level. The main hurdle is now near the $ 2.20 mark.

Litecoin (LTC) traded below the USD 172 support and even tested the USD 165 support. The price is currently bullish, trading above $ 172. If it continues to rise, the bulls could encounter resistance near the $ 180 level. The next major resistance is near the $ 185 level.

Dogecoin (DOGE) is trading below $ 0.220 but the decline is limited. The price is currently recovering and faces hurdles near $ 2.32. The next major resistance is at $ 0.250. Any further gains could push the price towards $ 0.300 in the short term.

The XRP price rose below $ 1.10 and traded near $ 1.05. The price is currently trying to make a recovery wave above the $ 1.10 level. To go further up, the price has to break the $ 1.15 mark. The next big hurdle is at $ 1.20.

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