Canada will release the level of CPI on August 21, at 15:30 MT time.
- Cryptotraders await when the BTC will choose its direction. On Monday bulls confirmed their strength with the strong rise above the 50-day simple moving average and the 50% Fibo level. After that, the consolidation has begun. Bitcoin has been trading in a narrow range between $11,560 (50% Fibo) and $12,030 (61.8% Fibo) levels. If the upper border of the range at $12,030 is broken, the oldest cryptocurrency will rise towards the $12,360 level. The next resistance will lie at $12,770. In case of the alternative scenario, the $11,560 level will be broken and the $10,770 level (50-day SMA) will be in focus.
- After the successfully conducted halving in the Litecoin network on Monday, the digital silver tested the 100-day SMA, but could not stick near that level and started to move down. On Friday, it has tested the support at $84.77. In case of a breakout of this level, the price of Litecoin will try to fall to the levels below the 200-day SMA, where it may find the support at $76.78. If the price of the digital currency reverses, the first resistance will lie at $92.19. The next one will be placed at $98.86.
- The price of Ethereum has been weakening, too. The digital asset has been trading within a month-long range between the $202.04 and $233 levels. After the test of the upper border of this range on Monday, the digital currency has been moving down. If the lower border of the range at $202.04 is broken, the next support will be placed at $192 (50-day SMA). From the upside, the next key resistance will lie at $250.
- The situation has not changed for DASH since the last week. The breakout on Monday appeared to be the fake one and the cryptocurrency returned to the 100.64-106.9 range. From the upside, the next level lies at $113.78. In case of the downward pressure, the key level will be placed at $97.3.
On Tuesday, crypto assets dived, with Bitcoin decreasing below the psychologically crucial $5,000 mark for the first time this year…
In July, Britain's inflation rate rallied for the first time in 2018, thus leaving many UK households feeling quite squeezed by prices, soaring at nearly the same tempo as their wages…
Welcome to Tuesday, people! Here’s your markets update ahead of the European trading session.