Short

Trend Analysis: BTC ETH XRP BCH LTC

Overview:
Bitcoin is in a downtrend. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400.

Current situation:
The price of Bitcoin was able to go below $8000. We forecast further BTC/USD price reduction to the level of $7600. The next target will be the level at $6800.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.

Resistance levels: $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $8050; $7600; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.

Forecast:
Continuation of the price reduction of BTC / USD to the level of $7600.

Overview:
The global trend remains descending. The turning point for the breakdown of the trend is the mark at $555.

Current situation:
Ethereum quotation broke the level of $450 and rushed on. We stick to our previous forecast, which aims to mark near the level of $420.

Resistance levels: $450; $485; $515; $555; $585.
Support levels: $420; $404; $360.

Forecast:
Continued reduction in the price of Ethereum to $420.

Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the level of $0.60 and fixing above this level. An important line of support for the price of XRP / USD is the $0.42- $0.40 zone.

Current situation:
XRP / USD quotation is trading near the support line $0.43. We predict the breakthrough of this level and the exit of Ripple price to levels: $0.40- $0.38.

Resistance levels: $0.48; $0.50; $0.52; $0.54.
Support levels: $0.43; $0.42; $0.40$; $0.38.

Forecast:
Ripple price drop from the level of $0.43 to $0.40.

Overview:
The trend is bearish. The key level for the downtrend cancelation is resistance at $1000.

Current situation:
Bitcoin Cash price broke its level at around 800 and is currently trading under it. We expect the quotation of BTC / USD to continue falling to levels: $750, $720.

Resistance levels: 800$; $820; 840$; $890; $930; $970; $1020.
Support levels: $750; $820; $780; $750; $720; $680.

Forecast:
Continuation of the BTC / USD price reduction to levels: $750, $720.

Overview:
The trend is bearish. The fixing of the LTC / USD price over the zone of $100- $110 will be a sign of a reversal of the downtrend. Transactions for the sale of LTC / USD are still in priority.

Current situation:
Today, the crypto market is declining, Litecoin was no exception. At the moment, the price of LTC / USD is trading below $80. We forecast a further decline in the quotation of Litecoin to levels: $75, $72.

Resistance levels: $80; $90; $94; $100.
Support levels: $75; $72; $66.

Forecast:
Litecoin price drop to levels $75, $72.

VARZAR_INVESTMENT

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