Cryptocurrency market on October 18, according to cryptonew: Bitcoin price began to rise steadily over the $ 60,000 region. BTC even broke the USD 62,000 resistance to move further into the positive zone. At 04:27 UTC, BTC is picking up speed and could attempt to crack above USD 62,500.

Also, most of the major altcoins are showing positive signs. ETH is trading above $ 3,800 and encountering resistance near $ 3,920. XRP is encountering resistance near $ 1.12 and $ 1.15. ADA is correcting down toward $ 2.15.

October 18th cryptocurrency market: Bitcoin price

After a slight downward correction, Bitcoin price found support near the $ 58,500 region. BTC formed a base and began rising again above the USD 60,000 resistance level. The price remains attractive and could break the $ 62,000 resistance. It is currently facing resistance near the $ 62,500 mark. The next major resistance is at $ 63,500, above which a rally to $ 65,000 is possible.

On the flip side, the initial support is at $ 61,200. The next big support is near $ 60,500, below which it might be difficult to keep the price above $ 60,000.

Cryptocurrency Market October 18: Ethereum Price

Ethereum price gained strength above the USD 3,800 resistance level. ETH broke through $ 3,850 but was unable to hold above $ 3,900. It appears to face resistance near the $ 3,920 level. Any further gains could pick up the pace towards $ 4,000.

If corrected downward, the price could find support near the $ 3,800 mark. The first major support is now forming near the $ 3,750 level.

Cryptocurrency Market October 18: ADA, LTC, DOGE and XRP prices

Cardano (ADA) surged above the $ 2.15 mark but failed to break the $ 2.20 resistance. The price is currently consolidating above the $ 2.12 level. If there is a break above $ 2.20 the price can go up. On the flip side, the bulls could remain active near the $ 2.05 level.

Litecoin (LTC) broke the USD 185 resistance area. However, the bulls have failed to gain strength beyond the USD 188 resistance area. A sharp break above this zone could open the door to a bigger rally. The next stop for the bulls could be at $ 200.

Dogecoin (DOGE) is consolidating above the $ 0.232 level. Immediate resistance is near the $ 0.242 level. The main resistance is at $ 0.250. A sharp break above this level could set the pace for a bigger rally. In this case, the price can go up to $ 0.300.

XRP price is consolidating below the resistance level of $ 1.12. The first major resistance is at $ 1.15. A sharp break above $ 1.15 could push the price towards $ 1.20. On the downside, the price could find support near the USD 1.05 level.

Cryptocurrency Market October 18th: Another Altcoin Market

Several altcoins are showing positive signs including STX, SHIB, ZEC, FTM, CELO, LEO, HNT, PERP, ONE and KCS. Of these, the STX rebounded 30% and broke the $ 2.75 mark before correcting down again.

Overall, the Bitcoin price rises to over $ 62,000. If BTC clears $ 62,500, it could see a steady spike to $ 63,500 or even $ 64,200.

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