Bitcoin
Short

Trend Analysis: BTC ETH XRP BCH LTC

BTC/USD
Overview:
Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
If the price of BTC/USD is lower than $5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $4000- $3000 zone.


Current situation:
Today, Bitcoin's quotation reached $6760 at the moment, after which it dropped to $6400 and is currently trading near this level. We characterize this growth as a short squeeze in a thin market. We expect a further decline in BTC/USD to the zone of $5800- $5500.


Resistance levels: $6400; $6800; $6900; $7200; $7400.
Support levels: $6100; $5800; $5400; $4500.

Forecast:
Bitcoin price reduction from $6400 with a target $5700.

ETH/USD
Overview:
The global trend remains descending.

Current situation:
The price of ETH/USD is near the $200 mark. Today's growth of quotation to $220 is not a change in trend, and we still expect the price of Ethereum to fall to $180- $150.

Resistance levels: $200; $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $180; $150; $100.

Forecast:
ETH/USD price reduction starting from $200 and target in the $180- $150 zone.

XRP/USD
Overview:
The trend is downward.

Current situation:
The price of XRP/USD today tested the level of $0.46 and went below. We expect a further price reduction for Ripple to $0.34- $0.30. The signal for this will be top-down breaking through the level of $0.38.

Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.

Resistance levels: $0.44; $0.50; $0.58; $0.70; $0.76.
Support levels: $0.38; $0.30.

Forecast:
Ripple price reduction from $0.44 and target $0.30.

BCH/USD
Overview:
Trend is bearish.

Current situation:
The price of Bitcoin Cash is below $450. We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone.

Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800.
Support levels: $400; $350.

Forecast:
BCH/USD price reduction from $450 and target $350.

LTC/USD
Overview:
Trend is bearish.

Current situation:
We predict a fall in the price of Litecoin to $46 and possibly even lower. Today's price increase to $57 is not a change in the downward trend. We remain on the side of the sellers of this asset.

Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $50; $49; $46.

Forecast:
Drop in the price of Litecoin from the level of $52 and the target - $46.
Bitcoin (Cryptocurrency)bitcoincashEthereum (Cryptocurrency)Litecoin (Cryptocurrency)rippleTrend Analysis

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