Daily Crypto Update: Nice Recovery Day For Litecoin, Monero & Ethereum (Video)

Saturday was a good day for cryptos after Fridays pullback. I would say that the bull run was interupted by the news that came out of South Korea regarding the ICO ban. Thats why cryptos fell on Friday. However, once the dust settled, cryptos recovered and Saturday turned out to be a very profitable day.

Lets begin with Bitcoin:

FireShot Capture 674 - BTCUSD_ 4327.79 ▲+0.04% - Unna_ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: Bitcoin went up 3,5% and almost closed at the daily highs. That is a sign of strength and tomorrow is also the last day of the week so I would guess that we would get a small rally because of that. The closest target for Bitcoin is 4400 and right after that is 4500.

Ethereum

FireShot Capture 675 - ETHUSD_ 301.57 0% - Unnamed - _ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: Ethereum went up 3% and it also closed near the daily high so I would expect a continuation of this rally for tomorrow as well. The next target is 320.

Litecoin

FireShot Capture 677 - LTCUSD_ 55.577 ▲+0.03% - Unnam_ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: Litecoin was the best performer today among the big ones. It went up more than 5% and it also closed near the daily high. Here is the good news for Litecoin, I dont see much resistance until we reach 66 USD and it is right now at 55,5 so dont be surprised if Litecoin will rally tomorrow and go up another 10-12%.

Monero

FireShot Capture 676 - XMRUSD_ 96.058 0% - Unnamed - _ - https___www.tradingview.com_chart_AxIWekrr_.png

Comment: Monero didnt move much today, it only went up 2%. However, the next target is around 110 so we could get a nice rally tomorrow even here if we are lucky.

Thats it for today, have a good one!