It is already the last Friday of the month. That lends itself well for a retrospect! How did crypto coins such as bitcoin, ether, litecoin and xrp perform in June? It was a tough ride anyway ..
Bitcoin: the $ 10,000 broken!
Price on 1 June: 7,666 euros (8,730 dollars)
Price now: 10,029 euros (11,421 dollars)
Change: + 30.81%
For bitcoin, June was all about the run towards the 10,000 dollars. But the road to this prize was bumpy. For example, the value of bitcoin fell by ten percent at the beginning of June in just two hours.
Times are changing rapidly in the crypto world: in mid-June it looked a lot rosier for bitcoin. In our exchange rate analysis of 18 June we already started cautiously hoping: is 10,000 dollars feasible?
$ 10,000 is an important level, it serves as a kind of psychological limit for many investors. This limit was finally broken on 22 June.
From that moment it went fast, on Twitter the comparison with the bull market of 2017 was soon drawn. Bitcoin broke the $ 11,000, $ 12,000 and $ 13,000 without any trouble. And almost $ 14,000 was also achieved.
But there it stopped, at least for the time being. The rate of bitcoin fell by nearly 2,200 euros (2,500 euros) in fifteen minutes, on Wednesday evening at 10:30 pm.
It is clear, the course is falling considerably. But if we look at it positively: bitcoin is still worth more than 30 percent more than at the beginning of June.
Ether: fight for $ 270
Price on 1 June: 240.56 euros
Price now: 264.73 euros
Change: + 10.05%
The course of ether shows many similarities with bitcoin in June. Yet ether also fights its own struggle. This is because ether has broken through an important resistance in June.
For ether, 270 dollars (237 euros) is an important level. Just like 10,000 was a huge limit at bitcoin. 270 dollars was an important support at the end of 2017. And also in August and early September 2018.
On September 5, 2018, the value of ether fell under this support. From that moment the support became a resistor.
It took quite a while before ether came on top. This resistance broke ether on June 21. And with success! Ether reached a value of 360 dollars (320 euros) at its peak.
At the time of writing, the value has fallen somewhat, but we are still seeing green numbers.
Litecoin is also at an interesting point
Price on 1 June: 102.83 euros
Price now: 103.78 euros
Change: 0.92%
If you only look at the figures above, then litecoin looks like a stablecoin. Litecoin does not close the month much higher than it started the month.
But nothing is less true. At the beginning of June, litecoin made a solid rally towards the 120 euros. Several analysts point out that this price rise is due to the litecoin block halving, which is expected on August 6 this year.
But just like ether and bitcoin, litecoin also makes a major correction. And just like ether, litecoin is now at an interesting point. The value of 100 euros has been an important supporting level throughout 2018.
You can see that on the graph below. Until the summer of 2018, the litecoin exchange rate managed to find around 100 euros. But on June 23, bitcoin fell through the lower limit. This lasted until December 14, when litecoin formed a bottom.
In June this year, litecoin broke through the 100 euros with conviction. Litecoin then makes a major correction at the same time as bitcoin. Now it’s getting exciting, because it looks like litecoin is testing the support. In other words: it will be on or under for litecoin in July.
All in all, litecoin has had a reasonably positive month!
Ripple (XRP): an eventful month
Price on 1 June: 0.39 euros
Price now: 0.36 euros
Change: -7.7%
Finally, XRP has also had a tough month. The low point of 34 cents was reached on 9 June. Then the advance towards the provisional high point of 43 cents began.
Unlike with bitcoin, ether and litecoin, the course of XRP seems to be moving strongly on fundamental news. For example, XRP increased by nearly nine percent when the Ripple company announced a partnership with MoneyGram, an international payment processor.
Furthermore, the price of XRP shows a striking number of similarities with the price of bitcoin and ether. At the same time, the price of XRP reaches a peak. After that the value drops considerably again.
Disclaimer: this article was written on Friday, June 28 at 10:30. Do you want to view the most current rate? Then view our course pages.
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