The cryptocurrency market capitalization remains steadily above $1.00 trillion. Quotes of the main cryptocurrency and altcoins haven’t dropped following the Fed meeting which is a good sign.
Over the past seven days, Bitcoin rose over 3.5%, Ripple is up less than 1%, Ethereum totaled almost 4%, and Litecoin became a record holder, with an all-time high of over 12%.
Bitcoin
Bitcoin has been consolidating at 22,557 since last week. That being said, the quotes have not managed to rise above the highs of January 25 (23,731) just yet. A breakout of this local resistance with consolidation above it will enable the price to keep going up toward the next target in the area of $25,200 per coin.
Continued consolidation of BTC/USD in the 22,557 - 23,731 range may be an alternative scenario.
Ripple
Ripple is holding above the mirror support level at 0.3956, while the pair has not managed to consolidate above the intermediate resistance at 0.4169 marked with a green dotted line.
If the level gets broken out and the XRP/USD price is able to consolidate above it, the resistance at 0.4397 will serve as the next growth target.
Ethereum
Having hit the upper boundary of the 1484.77 - 1678.21 sideways range, Ethereum went up as it followed in the footsteps of the main cryptocurrency.
From the current technical position, the price can either reverse down in the sideways range or exit it upwards with subsequent growth to the next target at 1784.02.
Litecoin
Having exited the 91.12 - 97.17 sideways range, Litecoin went up. This opens the way for LTC/USD quotes toward the nearest resistance at 106.30 provided that the price manages to hold above the 91.12 - 97.17 horizontal line that was broken out.
151
