Premium Club Bonus

Enjoy up to an
Extra 20% Deposit Bonus

this page

Crypto Outlook


-BTC: $66,701.86

-ETH: $3,257.53

-XRP: $$0.5162

-LTC: $82.09

The worldwide crypto market is currently valued at $2.44 trillion, showing a slight increase of  5.08%  in the past 24 hours. During this period, the total crypto market activity reached $117.05 billion, marking a 32.69 decrease. In the decentralized finance (DeFi) sector, the volume stands at $10.27 billion, contributing 8.77% to the overall crypto market activity within the last day. Stablecoins make up a significant portion, totalling $107.7 billion and representing 92.01% of the total crypto market volume in the past 24 hours.

As for Bitcoin, its dominance has risen to 53.96%, showing a slight decrease of 0.48% during the day.

BTC: BTC price increased by 3.65% and decreased by 7.47% over 24 hours and the past seven days.The asset reached a low and high of $62,661.75 and $66,878.65, respectively.

A large amount of bitcoins, which had been untouched for a long time, was moved today. This might indicate that an early Bitcoin miner is now active. These bitcoins were mined in 2010, a time when the reward for mining was 50 bitcoins. Today, the reward has decreased to just over 6 bitcoins. A change occurred around 3 a.m. ET today when a transaction was made, moving 17 BTC ($1.1 million) to one wallet and 33 BTC ($2.2 million) to another.

BC Technical Analysis:

Bitcoin has shown a notable recovery from its recent dip, bouncing back significantly. After slipping to a low of $60,227, the cryptocurrency has managed to regain some of its value.

However, the outlook is not entirely clear yet, as the market seeks additional proof to confirm a sustainable upward trajectory.

While the recovery above $64,000 is promising, technical indicators on a daily scale remain mixed, providing no strong directional bias.

For a more definitive reversal of the recent bearish trend, Bitcoin would need to consistently maintain a level above $68,000. Achieving this could potentially propel the cryptocurrency towards the upper levels of its current trading range, with targeted resistance at $70,000 and $73,000.

Conversely, a slip back around the $60,000 level could dampen the current bullish sentiment and increase the chances of a downturn.

  Support  Resistance

ETH: ETH price increased by 6.71% and decreased by 9.80% over 24 hours and the past seven days. The asset reached a low and high of $2,984.00 and $3,267.76, respectively.

Cryptocurrency market instability has led to a surge in liquidations on Ethereum lending platforms, with April’s volume already exceeding recent monthly highs. The majority of these liquidations occur within the Aave and Compound protocols, accounting for over 90% of this year’s liquidations. The last significant liquidation event was in June 2022, following the Terra ecosystem collapse. Additionally, bullish traders have faced substantial liquidations, with crypto liquidations totaling around $1.7 billion in the last three days, primarily affecting long positions.

ETH Technical Analysis:

Ethereum has been drawing attention with a significant pattern on its daily trading charts—a large bullish flag. Despite a recent dip where the price momentarily fell below the critical $3,000 support mark, Ethereum quickly recovered, suggesting that this drop was a false bearish signal..

Looking forward, Ethereum’s price appears poised for an upward journey towards the $3,600 resistance level, which aligns with the upper boundary of the bullish flag pattern.

How Ethereum reacts upon reaching these levels will be pivotal. Successfully testing and possibly breaking through the $3,600 mark could set a positive tone for its longer-term market trajectory, indicating potential for further gains.

  Support  Resistance

XRP: XRP price increased by 5.77% and decreased by 14.87% over 24 hours and the past seven days. The asset reached a low and high of $0.4774 and $0.5186, respectively.

On April 1st, Ripple unlocked 500 million XRP from its escrow wallets, deviating from its usual monthly pattern of releasing 1 billion XRP. The two transactions involved 200 million XRP and 300 million XRP, respectively, both flowing to the same address. This move has raised questions about the company’s strategy, especially given the correlation between XRP sales and subsequent price drops in the past. With geopolitical tensions impacting the crypto market, investors remain wary of further downward pressure on XRP’s current price of  $0.5162. Remember, considering fundamental factors alongside technical analysis is crucial for informed investment decisions.

XRP Technical Analysis:

XRP’s daily chart shows that the cryptocurrency has been facing increased selling pressure, leading to a significant downturn in its price.

During this drop, Ripple broke through several key support levels, notably the 100-day moving average, as well as a long-standing ascending trendline. However, the price has found some stability around a crucial support area at 0.47.

Currently, Ripple is attempting to recover to the previously broken trendline. If this recovery is successful, it would likely indicate that the downward trend could persist. Nonetheless, the broader view suggests that Ripple might enter a phase of sideways movement, stabilizing around the important 0.47 zone.

  Support  Resistance

LTC: LTC price increased by 2.99% and decreased by 22.27% over 24 hours and the past seven days. The asset reached a low and high of $76.05 and $82.75, respectively.

Matthew Dixon, CEO of Evai, suggests that Litecoin (LTC) has completed its third wave correction, signaling a potential bullish rally. With LTC currently trading around $77, Dixon anticipates three upward waves, propelling the price beyond $111.66—a potential gain of over 40%. This analysis, rooted in Elliott Wave Theory, indicates that Litecoin’s temporary pullback has subsided, paving the way for a bullish trajectory. Investors should consider both technical analysis and fundamental factors.

LTC Technical Analysis:

After a notable downward push, LTC has now settled into a strong support zone between $75 and $78. This level presents an appealing opportunity for a swing trade, as the price could ascend to $95 in the near term.

Currently, the short-term trend for LTC is bearish, while it maintains an upward trajectory in the medium to long term.

Looking at potential levels of support and resistance, the nearest support after $80 is at $65, which could act as lower boundaries for the price. On the upside, the initial resistance is seen at $95, followed by stronger levels at $105 and then $115. These points could serve as targets for profit-taking or reevaluation of the market’s direction.

  Support  Resistance

Vantage does not represent or warrant that the material provided here is accurate, current, or complete, and therefore should not be relied upon as such. The information provided here, whether from a third party or not, is not to be considered as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any financial instruments; or to participate in any specific trading strategy. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. We advise any readers of this content to seek their own advice. Without the approval of Vantage, reproduction or redistribution of this information is not permitted.

Trading Experience Plus


Fast & easy account opening

  • Register

    Choose an account type and submit your application

  • Fund

    Fund your account using a wide range of funding methods

  • Trade

    Access 500+ instruments across all asset classes on MT4/MT5

That's it, it's that easy to open a Forex and CFD trading account.
Welcome to the world of trading!
Open Live Account

Contact Us

  • General Enquiries

    We are here to provide you with a successful trading journey from account opening to funding and trading.

    [email protected]
  • Premium Clients

    If you are interested in becoming a premium to unlock your extra services as a high-volume trader or joining Vantage Club, please email us below.

    [email protected]