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Cryptocurrency Brief: Bitcoin prices stuck in tight range, gains on Tether sell-off start to fade – Thursday, October 18th, 2018

Oct 18, 2018 11:22 am UTC

BTC/USD: Bitcoin prices traded tad lower across the board during late European session Thursday, caught in a tight-knit range for the past three days after showing a massive jump on Monday. Gains made during sell-off in Tether (USDT) have started to fade away, thus paving the way for losses in Bitcoin and other counterparts. At the time of writing, BTC/USD slipped 0.22 percent to $6,720.90, marking a high of $6,779.90. Meanwhile, the near-term support is seen at $6,600.00 and resistance at $6,900.00.

ETH/USD: In line with Bitcoin, Ethereum also edged slightly lower amid lack of market-moving events, after starting the week on a strong note. The day’s high was seen at $215.00 and low at $210.99. At the time of writing, ETH/USD remained tad 0.34 percent lower at 212.07. Meanwhile, the near-term support is seen at $195.00 and resistance at $220.00.

XRP/USD: After having witnessed steep gains at the start of this week, Ripple prices are again on the fall today, in line with its counterparts, trading range-bound during afternoon session Thursday. At the time of writing, XRP/USD lost 0.46 percent to $0.48164. Meanwhile, the near-term support is seen at $0.4500 and resistance at $0.5500.

BCH/USD: Bitcoin Cash, too matched the footprints with its immediate peers, losing ground in the aftermath of the large buying sentiment seen on Monday this week. At the time of writing, BCH/USD fell 0.33 percent to $460.50. Meanwhile, the near-term support is seen at $435.00 and resistance at $500.00.

EOS/USD: Nothing different, the EOS also remained range-bound as investors wait to find direction in the digital currency market amid mixed news. At the time of writing, EOS/USD traded 0.17 percent lower at $5.5652. Meanwhile, the near-term support is seen at $5.20 and resistance at $6.00.

LTC/USD: Litecoin, also matched its counterparts, keeping up the red trading. At the time of writing, LTC/USD lost 1 percent to trade at $54.728. Meanwhile, the near-term support is seen at $50.00 and resistance at $65.00.

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  • Bitcoin (BTC) $5,585.37(-3.5%)
  • XRP (XRP) $0.4656(+2.3%)
  • Ethereum (ETH) $177.768(-3.1%)
  • Bitcoin Cash (BCH) $420.917(-3.6%)
  • Stellar (XLM) $0.2318(+0.0%)
  • Bitcoin (BTC) $5,585.37(-3.5%)
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