ETH, LTC, BCH, ADA Altcoin Price Prediction - Looking For Crucial Levels Against BTC

Libra Coin News
Sat, 09/28/2019 - 10:11
Denys Serhiichuk
Can the top coins keep up with the growth of Bitcoin?
Cover image via www.123rf.com
Contents

September 28 has started with a rise on the cryptocurrency market. Most of the coins have grown faster against Bitcoin, rather than in correlation to the US Dollar. The biggest gainer is Ethereum whose rate has rocketed by more than 5% over the last 24 hours. In this regard, the dominance index of BTC has declined and now constitutes 67.37%.

Top 10 coins by Coinstats

The main indicators of Ethereum, Litecoin, Bitcoin Cash, and ADA are looking the following way.

Name

Ticker

Market Cap

Price 

Volume (24h)

Change (24h)

Ethereum

ETH

$18 867 268 645

0,02128171 BTC

$7 629 827 928

5,22%

Litecoin

LTC

$3 540 003 988

0,00680245 BTC

$2 212 341 788

1,67%

Bitcoin Cash

BCH

$3 997 678 415

0,02699528 BTC

$1 820 342 590

3,16%

Cardano

ADA

$1 022 847 194

0,00000480 BTC

$53 962 498

5,06%

ETH/BTC

Ethereum has followed our earlier prediction, as the leading altcoin has started to move within the bullish channel.

ETH/BTC chart by TradingView

On the 1D chart, Ethereum keeps moving within the ascending channel, however, the further rise might be stopped due to the declining trading volume. In this case, ETH might come back to the nearest support zone at 0.01950 BTC soon.

Related
Ethereum (ETH) Price Prediction — Can ETH Get Back to $200 Until September 2019?

Ethereum is trading at 0.021263 BTC at press time.

LTC/BTC

Litecoin is trading according to our recent forecast, trying to recover the lost positions after two waves of decline.

LTC/BTC chart by TradingView

Analyzing the chart, the price is about to come back to the previous levels. However, the reverse will not happen so fast, as LTC is likely to locate within the yellow corridor until the end of September. This is confirmed by the current level of the MACD indicator and decreasing trading volume.

Related
Litecoin Price Prediction for September 2019: Can Bulls Get Back LTC to $100 After Halving?

Litecoin is trading at 0.00677 BTC at press time.

BCH/BTC

Even though Bitcoin Cash has increased by more than 3% over the day, the short-term scenario remains bearish.

BCH/BTC chart by TradingView

On the 1D chart, there is no presence of a buyer due to the low trading volume. Also, the lines of the MACD indicator are going down, confirming the ongoing decline. In this case, the nearest scenario is reaching 0.0250 BTC.

Bitcoin Cash is trading at 0.02699 BTC at press time.

ADA/BTC

Cardano is one of the top gainers today, as its rate has increased by around 5% over the last 24 hours.

ADA/BTC chart by TradingView

Since September 25, ADA has been locating in the bullish wave, however, that might be the local peak. The rate is about to decline against the declining trading volume and absence of buyers. Respectively, the price is likely to touch the support zone within the levels between 460 and 470 satoshi.

Cardano is trading at 0.00000477 BTC at press time.

About the author

With more than 5 years of trading, Denys has a deep knowledge of both technical and fundamental market analysis. Mainly, he has started his blog on TradingView where publishes all relevant information and make predictions about top coins.
Thus, his experience is backed up by working in top blockchain related companies such as W12, Platinum Listing & ICO Advisory, ATB Coin, and others.