NewsBTC
No Result
View All Result
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?
  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play GamesTry
  • CasinosTry
Bitcoin News
No Result
View All Result
Breaking News: Bitcoin, Ethereum, And XRP In Freefall: What’s Driving The Current Crypto Slump?

Crypto Markets Experience Mixed Trading Session, Analysts Expect Ethereum and Litecoin to Drop in Near-Future

Cole Petersen
Cole Petersen
6 years ago
2 mins read

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

The crypto markets have continued to gradually drift lower following last Friday’s market surge. Most cryptocurrencies have dropped today, with Ethereum trading down marginally, and XRP dropping nearly 2% due to concerns regarding the newly announced JP Morgan crypto (JPM Coin) possibly being a competitor.

Many analysts now expect major cryptocurrencies, including Litecoin and Ethereum, to see increased selling pressure in the near-term as these cryptocurrencies fail to break above their respective resistance levels.

Ethereum and Litecoin May Soon See Further Losses

At the time of writing, Ethereum is trading down marginally at its current price of $122. Although ETH is apparently stable at this price level, analysts are quick to point out that the cryptocurrency is currently sitting at the bottom of its flag formation, which may signal that a drop is imminent.

Chonis Trading, a popular cryptocurrency analyst, pointed this out in a recent tweet, noting that ETH is currently on the “edge of breaking down.”

$ETH – flag on the edge of breaking down … pic.twitter.com/SUSw6GTkMb

— BIG Chonis (@BigChonis) February 15, 2019

Litecoin is also facing growing resistance that it is struggling to break through, but it has been able to climb slightly today to its current price of $42.40.

Chonis Trading also discussed LTC in a recent tweet, noting that its price is currently struggling to break above the top of a descending triangle pattern that it is currently trading in.

“$LTC – That feeling when you play the #litecoin resistance line breakout, and the line ends up holding on the 1hr chart…”

$LTC – That feeling when you play the #litecoin resistance line breakout, and the line ends up holding on the 1hr chart… pic.twitter.com/UDx3CFKbLN

— BIG Chonis (@BigChonis) February 15, 2019

Hsaka, another popular cryptocurrency analyst on Twitter, also shared his thoughts on Litecoin, and said that where its price heads in the near-term is likely dependent on how Bitcoin’s price ultimately responds to its extended period of sideways trading.

“$LTC Update: Covered… Tested resistance twice and finally broke past it… $BTC seems to have coiled up pretty tightly to make a move now, don’t want to get caught on the wrong side… Booking profits,” he explained.

$LTC Update

Covered.

Tested resistance twice and finally broke past it.$BTC seems to have coiled up pretty tightly to make a move now, don't want to get caught on the wrong side. Booking profits. pic.twitter.com/LQNdZULxay

— Hsaka (@HsakaTrades) February 15, 2019

Crypto Markets Experience Mixed Trading Session

The overall cryptocurrency markets are currently trading mixed, despite Bitcoin’s apparent stability at its current price levels of $3,620.

At the time of writing, XRP is trading down nearly 2% at its current price of $0.30. XRP dropped slightly after news broke yesterday that JP Morgan would be releasing a cryptocurrency – aptly dubbed JPM Coin – that would operate in a similar fashion to Ripple’s XRP.

After dropping yesterday, TRON has climbed nearly 3% to its current price of $0.024.

Binance Coin (BNB) is one of today’s best performing cryptocurrencies, as it is currently trading up over 5% at $9.20. Yesterday, BNB dropped to lows of $8.50, which proved to be a level of strong support that helped spark today’s price surge.

Featured image from Shutterstock.
Tweet123Share196ShareSend
Cole Petersen
Cole Petersen

Cole Petersen

Cole is a cryptocurrency analyst based in Los Angeles. He studied at the University of California Irvine and has been interested in Bitcoin and the crypto markets since 2013.

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Related News

Solana

From Store Of Value To DeFi Powerhouse: Solana Unlocks Bitcoin’s True Utility — Here’s How

Bitcoin has been celebrated as digital gold and a secure store of value with limited functionality, but Solana’s high-speed, low-cost...

Godspower Owie 1 hour ago
Crypto news

Crypto Bloodbath Shakes Market—But Is The Real Storm Still To Come?

Crypto absorbed its largest liquidation shock of 2025, with the heaviest single-day wipeouts since summer 2023 for ETH and SOL...

Jake Simmons 2 hours ago
Dogecoin

Dogecoin Remains In The Green As This Historic Indicator Still Points To Gains

Dogecoin remains in bullish territory, with key technical indicators indicating further upside potential. Despite recent market fluctuations, the meme coin...

Godspower Owie 4 hours ago
Load More

Reason to trust

Strict editorial policy that focuses on accuracy, relevance, and impartiality
Created by industry experts and meticulously reviewed
The highest standards in reporting and publishing
How Our News is Made

Strict editorial policy that focuses on accuracy, relevance, and impartiality

Ad discliamer

Morbi pretium leo et nisl aliquam mollis. Quisque arcu lorem, ultricies quis pellentesque nec, ullamcorper eu odio.

Related News

bitcoin-consolidation-zone-revealed-hyper-raises-17-5m-layer2-tw

比特幣價格盤整關鍵區間曝光 HYPER預售狂吸1,750萬美元成Layer 2潛力新星

Mark Mak 6 minutes ago
dogecoin-x5-prevente-maxi-doge

Grayscale Files For New Dogecoin ETF Amid Approval Expectations, Is The Next Price Surge Coming?

Sandra White 56 minutes ago

迷因幣回檔 Snorter Bot Token 持續捕獵新機會 ICO 募資已破400萬美金

estherw 1 hour ago

Premium Sponsors

Press Releases

  • 5 mincí, které by v kryptobublině v roce 2025 mohly dosáhnout 10 miliard dolarů

    5 mincí, které by v kryptobublině v roce 2025 mohly...

    8 hours ago
  • 5 érme, amelyek 2025-ben elérhetik a 10 milliárd dollárt a kriptobuborékban

    5 érme, amelyek 2025-ben elérhetik a 10 milliárd...

    9 hours ago
  • 5 monet, które mogą osiągnąć 10 miliardów dolarów w bańce kryptowalutowej w 2025 roku

    5 monet, które mogą osiągnąć 10 miliardów dolarów w...

    9 hours ago
  • 5 монети, които биха могли да...

    9 hours ago
  • Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti tržišnu vrijednost od 10 milijardi dolara

    Pet kriptovaluta koje u kripto balonu 2025. mogu dosegnuti...

    11 hours ago

Newsletter

About Us

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

Disclaimer: The information found on NewsBTC is for educational purposes only. It does not represent the opinions of NewsBTC on whether to buy, sell or hold any investments and naturally investing carries risks. You are advised to conduct your own research before making any investment decisions. Use information provided on this website entirely at your own risk.

Company

  • About Us
  • Advertising
  • Contact Us
  • Privacy Center

Social

© 2025 NewsBTC. All Rights Reserved.

  • Cryptocurrency News
    • Bitcoin News (BTC)
    • Ethereum News (ETH)
    • Ripple News (XRP)
    • Shiba Inu News (SHIB)
    • Cardano News (ADA)
    • Dogecoin News (DOGE)
    • Solana News (SOL)
    • Litecoin News (LTC)
    • Avalanche News (AVAX)
    • Polygon News (MATIC)
  • Crypto Prices
    • Binance Coin (BNB) Price
    • Bitcoin (BTC) Price
    • Cardano (ADA) Price
    • Chainlink (LINK) Price
    • Dogecoin (DOGE) Price
    • Ethereum (ETH) Price
    • Litecoin (LTC) Price
    • Polkadot (DOT) Price
  • Crypto Resources & Directory
  • All Crypto
  • Play Games
  • Casinos
Advertise

© 2025 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.