Bitcoin price has shown resilience to sellers as buyers stepped in after retesting a historically strong support level. This development has caused Ethereum, Ripple and other altcoins to trigger a premature rally.
Litecoin price shows a rather bearish outlook from a higher time frame perspective, which hints at a steep correction awaiting the altcoin. To make matters worse, this pattern has already confirmed a breakdown, indicating that the fate of LTC holders has already been decided.
Polkadot (DOT) price is on the cusp of breaking below $6.23 as pressure keeps building and the week reaches its boiling point. After the war comments from Putin this morning, and the Fed, BoE and other central banks ready to hike even more, further tightening and risk aversion are creeping into the already battered markets. Cryptocurrencies are taking a step back and there is a risk DOT price could soon collapse under bearish pressure, opening up room for a crash to $1.42 in the medium-term.
