Crypto Market Summary for Jan 13, 2020


Major Cryptocurrencies Technical Analysis Market Overview Report for Jan 13, 2020 | by Techniquant Editorial Team

Highlights

ETCUSD closes lower for the 2nd day in a row
ETHUSD stuck within tight trading range
BCHUSD pops to highest close since November 14, 2019
BTCUSD runs into sellers again around 8200.40
XRPUSD finds buyers around 0.2098 for the third day in a row
LTCUSD closes within previous day's range
EOSUSD runs into sellers again around 3.21

Summary

With six out of the seven Major Cryptocurrencies closing lower today, the ones that stand out on the negative side are LTCUSD losing -2.47% and EOSUSD closing -1.89% lower. On the flipside the best performer has been BCHUSD closing 0.26% higher.

One of today's most interesting market conditions in the Major Cryptocurrencies showed up in LTCUSD: Among the seven market conditions that our pattern recognition engine identified today, the statistics for the Support/Resistance based market condition "High close to previous two Highs" stand out. While it is usually interpreted as bearish, it has actually shown to be bullish for LTC/USD. Out of 219 times, LTCUSD closed higher 49.32% of the time on the next trading day after the market condition occurred. The optimal exit for swing trading this condition on the long side has been after 10 trading days, showing a win rate of 56.16% with an average market move of 12.80%. Read more

Looking at the Minor Cryptocurrencies, the winners of the day have been BCNUSD surging 10.2% and ZECBTC closing 7.73% higher. The worst performers of the day have been XVGUSD tanking -7.52% and XVGBTC closing -6.82% lower.

Major Cryptocurrencies Overviews

ETCUSD 5.48 -0.03 (-0.54%) Moving lower for the 2nd day in a row, ETCUSD ended Monday at 5.48 edging lower $0.03 (-0.54%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
ETHUSD 144.17 -1.31 (-0.90%) ETHUSD ended Monday at 144.17 losing $1.31 (-0.9%). Closing within the prior day's range, prices failed to decisively move beyond the previous day's trading range in a lackluster session. Read more
BCHUSD 267.01 0.68 (0.26%) Moving higher for the 4th day in a row, BCHUSD ended Monday at 267.01 gaining $0.68 (0.26%). Today's close at 267.01 marks the highest recorded closing price since November 14, 2019. Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
BTCUSD 8,136.41 -20.24 (-0.25%) BTCUSD finished Monday at 8136.41 losing $20.24 (-0.25%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range in a lackluster session. Read more
XRPUSD 0.2118 -0.0021 (-0.98%) XRPUSD ended Monday at 0.2118 losing $0.0021 (-0.98%). Closing within the previous day's range, prices missed to decisively move beyond the prior day's trading range. Read more
LTCUSD 49.72 -1.26 (-2.47%) LTCUSD ended Monday at 49.72 losing $1.26 (-2.47%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more
EOSUSD 3.12 -0.06 (-1.89%) EOSUSD ended Monday at 3.12 losing $0.06 (-1.89%). Closing within the previous day's range, prices failed to decisively move beyond the prior day's trading range. Read more

Detailed Reports

Daily technical analysis candlestick chart for Bitcoin/Chinese Yuan Index (BTCCNY) as at Sep 22, 2020
Sep 22, 2020
Daily technical analysis candlestick chart for Lisk/Bitcoin Index (LSKBTC) as at Sep 22, 2020
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Daily technical analysis candlestick chart for Ripple/Bitcoin Index (XRPBTC) as at Sep 22, 2020
Sep 22, 2020
Daily technical analysis candlestick chart for Tron/Bitcoin Index (TRXBTC) as at Sep 22, 2020
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