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BTC, ETH, XRP, SOL and LTC Price Analysis for June 19

u.today 19 June 2023 19:13, UTC

The weekend has begun with the ongoing correction of the cryptocurrency market.

Top coins by CoinMarketCap

$BTC/USD

The rate of Bitcoin ($BTC) has fallen by 0.52% over the last 24 hours.

Image by TradingView

On the daily chart, the rate of Bitcoin ($BTC) has failed to fix above the interim level of $26,500. If the situation does not change by the end of the day, one can expect an ongoing correction to the $26,000 area. Thus, the selling volume has declined, which confirms buyers' weakness.

Bitcoin is trading at $26,382 at press time.

$ETH/USD

Ethereum ($ETH) has lost more than Bitcoin ($BTC), going down by 1.18%.

Image by TradingView

From the technical point of view, Ethereum ($ETH) is looking worse than Bitcoin ($BTC) as the price is coming back to the area of $1,700. If today's candle closes around that mark, bears might locally seize the initiative, which can lead to a decline to $1,680. Such a scenario is relevant until the end of the week.

Ethereum is trading at $1,718 at press time.

$XRP/USD

$XRP is not an exception to the rule, declining by 0.78%.

Image by TradingView

Today's decrease has not affected the general technical position of $XRP on the daily time frame. Currently, traders should focus on the zone of $0.50. If the bar closes near it with no long wicks, the accumulated energy might be enough for a move to $0.52.

$XRP is trading at $0.4870 at press time.

$SOL/USD

The price of Solana ($SOL) has dropped by 1.56% since yesterday.

Image by TradingView

The rate of $SOL is trading within yesterday's candle, which means that neither bulls nor bears are dominating at the moment. A further upward move is possible only if the rate returns to the $16 zone and fixes above it. Only in that case, one can expect a rise to $17.

$SOL is trading at $15.50 at press time.

$LTC/USD

Litecoin ($LTC) has joined the list of other falling coins, declining by 1.34%.

Image by TradingView

Bears are trying to seize the inititaive on the daily chart, as the price is returning to the $76 area. If nothing changes, the ongoing decrease may continue to the $74-$75 range until the end of the month.

$LTC is trading at $76.57 at press time.

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