5 Best Performing Coins Now in 2019 [Feb] - Latest Cryptocurrency Analysis

Anisa Batabyal
| 20 February, 2019 | 2 min

Cryptocurrency market has seen a significant jump in overall market-cap with the addition of $10+ Billion recently and can see the effect on top performing cryptocurrencies.

Overall market-cap has jumped from $120 Billion to $132 Billion at the time of writing which shows bullish momentum for coming days/weeks. Let’s have a deeper look at the 5 best cryptocurrencies 2019.

#1 Bitcoin: BTC/USD (Coinbase)

Bitcoin pair has seen a price surge of around 18+% after testing the support level $3400-$3300 mentioned in the previous article. It has proved to be the most valuable cryptocurrency over the period.

Let's look at the 4-Hour Time frame chart for analysis.

Bullish Case:

Bitcoin pair is testing a preliminary resistance (red bar) around $3900 price level, at the time of writing. We might see a healthy pullback to $3600+ price level and needs to hold for further bullish momentum.

Also, if the pair manages to break the major resistance level around $4200 then it would be strongly bullish and we might test $5000 level in the coming weeks.

Other bullish signs are that the pair has crossed the 200H-SMA (Simple Moving Average) and accelerated through the Ichimoku cloud which will act as preliminary support in the near future.

Simply put, buying around $3600 price level with tight stop-loss, can be profitable for traders as well as investors for coming weeks.

Bearish Case:

If the support level $3600+ doesn't hold in the coming days then it would be early signs of the bearish sentiments and breaking $3300 level after would be super bearish for the pair.

STOCH-RSI and MACD are also moving into bearish zones which depicts a pullback.

Simply put, if someone bought at around $3600- price level then it should sell asap if the $3300 price level breaks downward.

#2 Ethereum: ETH/USD (Bitfinex)

Ethereum pair follows the bitcoin suit and surged in price recently.

Let's look at the 4Hour-Time Frame for the significant price levels.

Bullish Case:

As we can see on the chart, pair (ETH/USD) has broken one-month long downtrend-line (red line) on 7th February'19 and surged 40+% in price since then.

It is testing a preliminary resistance level around $150+ and might have a healthy pullback to the 1st line of support (Green bar) around $139.If the price level doesn't hold the second line of defense for bulls will be around $127-$129.Also, the pair has surpassed 200H-SMA (Simple Moving Average) and penetrated through Ichimoku cloud which might act as preliminary support if any pullbacks occur. Breaking major resistance around $173+ price level will be strongly bullish for the pair and will test the $200+ level.

Simply put, laddering buy orders around $139-$126 price level with tight stop-loss, can be profitable for traders as well as investors for coming weeks.

Bearish Case:

If the last line of support around $120+ doesn't hold then it would be strongly bearish for the pair.

Also, STOCH-RSI and MACD are moving into the bearish zone which signifies a coming small drop.

Simply put, if someone bought at around $139-$126 price level then it should sell asap if the $120 price level breaks down.

#3 RIPPLE: XRP/USD (BITFINEX)

Ethereum dethrones ripple pair from the 2nd position when it comes to market cap but that doesn't mean ripple has no upside potential.

Let's look at the 4-Hour chart time frame of the pair:

Bullish Case:

Ripple pair has broken the 1+ month long downtrend-line (Black)

and surged 18+% in USD recently.$0.307+ has provided strong support for the pair and price jumped 15+% from it.

It has tested the resistance around $0.351-$0.356 and a healthy pullback to $0.318-$0.32 is possible for potential resistance turned support flip.

Also, the pair has surpassed 200H-SMA (Simple Moving Average) and penetrated through Ichimoku cloud which might act as preliminary support if any pullbacks occur.

Bearish Case:

Early signs of bears will be when the $0.32 support level doesn't hold and will lead to a drop to $0.30 level. Also, if the last line of defense doesn't hold around $0.302 then it would be strongly bearish for the pair.

#4 EOS: EOS/USD (Bitfinex)

EOS price surged 20+% and broke a significant resistance area against the US Dollar. It seems that buyers/bulls are in control, suggesting more upsides potential. It has been one of the favorites among top cryptocurrency list.

Bullish Case:

EOS price gained significant buying interest, resulting in upsides of more than 50% from $2.2 price level. It will now act as a potential support price level in the coming days/weeks.

After moving upward significantly, a healthy pullback is likely to $3.1-$3.0 price level for the potential resistance turned support flip(S/R). If it holds this level then the next level to test will be around $4.1+ level. It would be super bullish if it breaks that level as well.

Also, the pair has surpassed 200H-SMA (Simple Moving Average) and penetrated through Ichimoku cloud which might act as preliminary support if any pullbacks occur.

Bearish Case:

Early signs of the bear will be confirmed if the pair doesn't hold the $3.0 price level and breaking the last line of the defense around $2.1-$2.3 price level would be strongly bearish for the pair.

#5 Litecoin: LTC/USD (Coinbase)

Fundamental prospects surrounding the Litecoin Foundation remain bullish and supportive of the price surge. It has moved 100+% since December month from $22 price level. It has dethroned BitcoinCash (BCH/USD) from the 5th position when it comes to market cap.

Let's look at the Daily (D) time frame of the pair:

Bullish Case:

Litecoin has moved 50+% since 1st of this month and a possible pullback is likely to the preliminary support level around $39 price.

This level needs to hold for further bullish momentum to break the preliminary resistance level and test the major resistance around $60+ price. Breaking this zone would be strongly bullish for the pair.

Also, it has penetrated through Ichimoku cloud and 200D-SMA, which is bullish for the pair and might act as mini support levels in the coming days.

Bearish Case:

If the preliminary support around $37 price level doesn't hold then it could early signs of bears control. Breaking down the major support level around $30 price would confirm the bearish sentiments.

Conclusion

Overall cryptocurrency market is looking pretty strong and healthy at the moment with over $14 Billion added to the market recently. This could be a relief rally or disbelief if we see a general market cycle. But there is a potential for further upside potential in the coming weeks.

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