Bitcoin Price and Ethereum Gain Strength, LUNC and LUNA Rally

cryptonews.com:

Bitcoin price started a steady increase above the $19,500 resistance. BTC is currently (03:10 UTC) showing bullish signs above $19,500. If the bulls remain in action, the price could surge towards the $20,500 level.

Similarly, most major altcoins are eyeing a decent increase. ETH is showing positive signs above the $1,350 resistance. XRP is correcting gains and might revisit the $0.45 support. ADA is attempting a decent increase above $0.45.

After forming a base above the $19,000 zone, bitcoin price was able to gain strength. There was a clear move above the $19,250 resistance zone and the 50-hour simple moving average. The price cleared a short-term contracting triangle at $19,250 on the hourly chart. It is now trading well above the $19,500 resistance. On the upside, the price is facing resistance near the $20,000 level. The next major resistance is near $20,500, above which the price might rise to $20,850. Any more gains might send the price towards $21,200.

On the downside, an initial support is near the $19,500 level. The next major support is near the $19,150 zone, below which the price could struggle to stay above $19,000.

Ethereum price also followed a similar pattern after it was able to clear the $1,335 resistance zone. There was a clear move above a major bearish trend line at $1,335 on the hourly chart and the price settled above the 50-hour simple moving average. ETH is now rising and facing resistance near the $1,380 level. The next major resistance is near the $1,410 level, above which the price could visit the $1,450 resistance.

On the downside, an initial support is near the $1,345 level. The next major support is $1,300, below which price could test $1,250.

Cardano (ADA) was able to stay above the $0.435