Never miss a story from Nick Cawley

Subscribe to receive daily updates on publications
Please enter valid First Name
Please fill out this field.
Please enter valid Last Name
Please fill out this field.
Please enter valid email
Please fill out this field.
Please select a country

I’d like to receive information from DailyFX and IG about trading opportunities and their products and services via email.

Please fill out this field.

Your Forecast Is Headed to Your Inbox

But don't just read our analysis - put it to the rest. Your forecast comes with a free demo account from our provider, IG, so you can try out trading with zero risk.

Your demo is preloaded with £10,000 virtual funds, which you can use to trade over 10,000 live global markets.

We'll email you login details shortly.

Learn More about Your Demo

You are subscribed to Nick Cawley

You can manage your subscriptions by following the link in the footer of each email you will receive

An error occurred submitting your form.
Please try again later.

Ripple, Ethereum, Litecoin Prices, News and Technical Analysis

Ripple (XRP), Ethereum (ETH) and Litecoin (LTC) Stuck

The cryptocurrency market remins in a late-summer lull with little price action of note and stagnating prices. Market-leader Bitcoin is attempting to push ahead and continues to rule the market with 53% dominance, but the next tier of cryptos are struggling to move, either way. The market as a whole is back to levels seen one-month ago, using total market capitalization, and volumes remain low.

Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly

Ripple remains in a thin downtrend on the four-hour chart and below all three moving averages. Small candles highlight the lack of trade, or interest, in XRP while the RSI indicator sits mid-market and gives no clues to the state of the market. A break back into and above the gap on the chart between $0.36 and $0.40 is needed to give Ripple some further upside momentum.

IG Sentiment Data show how retail traders are positioned in Ripple, Ethereum and Litecoin and how changes in holdings can affect market sentiment and prices.

Ripple (XRP) Four-Hour Price Chart (July 23 – September 4, 2018)

Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly

Ethereum, the second-largest crypotcurrency by market cap is also showing no signs of a move with the upside constrained by all three moving averages. The September 1 high pring at $302 is likely to cap any upside momentum in the short-term while the August 14 floor at $250 should limit any sell-off. Again, the RSI indicator gives no clues away.

Ethereum (ETH) Four-Hour Price Chart (August 3 – September 4, 2018)

Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly

Litecoin’s four-hour chart is the most technically positive of all three with LTC above the 20-, 50- and 200-day moving average and nearing the $67.9 one-month high print. A break and close above could see the gap up to $72.3 filled opening the way higher. The 20- and 200-day moving average crossover at $62.4 should limit the downside.

Litecoin Four-Hour Price Chart (August – September 4, 2018)

Ripple and Ethereum Prices Going Nowhere, Litecoin Building Slowly

We look at Bitcoin, Ethereum, Ripple, Litecoin and other cryptocurrencies at our Weekly Cryptocurrency Webinar every Wednesday.

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey. We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account so you can practice trading this volatile asset class.

What’s your opinion on the latest market (non-) moves? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at nicholas.cawley@ig.com.

--- Written by Nick Cawley, Analyst.