BitcoinLong
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin quotation trades above the level of $7000. We expect further price growth, the goals remain the same: $7200, $7500.
Resistance levels: $7200; $7500, $7800.
Support levels: $6900; $6800; $6600; $6350; $6100; $5800; $5400; $4500.
Forecast:
The rise in Bitcoin's price from the level of $7100 and the targets: $7200, $7500.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of the Ethereum is trading above $ 280. On the 4-hour chart, there was a narrowing consolidation with resistance at $290 and support - $275. We expect the exit from this consolidation up to the $350- $380 zone. Cancelation of the long-term scenario is the price going below $270.
Resistance levels: $300; $325; $350; $380; $400.
Support levels: $270; $250; $240, $220, $180.
Forecast:
The continuation of the growth of the price of Ethereum from the level of $290 and the target in the $350- $380 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
Buyers of Ripple can keep the quotation above $0.32. We expect the price to continue to increase up to $0.38- $0.42. An important level of resistance is near $0.32. If the price goes below this level, the long scenario will be reviewed.
Resistance levels: $0.36; $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.32; $0.30; $0.28; $0.24; $0.22.
Forecast:
Ripple price rise up to $0.38- $0.42.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash returned to the growth channel and traded near the $550 support level. Resistance of this channel is located in the $650- $680 zone. Also on the 4-hour chart you can see the narrowing range with resistance at $565, and support - $530. We expect the price to continue to increase to the $650- $680 zone. Cancellation of the signal is the price reduction below $530.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $520; $500; $470; $450; $400.
Forecast:
The increase in Bitcoin Cash's price from the level of $565 and the target in the $650- $680 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin has continued the growth and has reached a mark $65. We expect further LTC / USD price growth to the $70- $72 zone. Also, we do not exclude the the price going above the $ 72 mark.
Resistance levels: $65; $67; $72; $75.
Support levels: $62; $60; $57; $55; $50; $46.
Forecast:
Continuation of the growth of the price of Litecoin to the level of $72.
Overview:
The trend for Bitcoin remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
Current situation:
Bitcoin quotation trades above the level of $7000. We expect further price growth, the goals remain the same: $7200, $7500.
Resistance levels: $7200; $7500, $7800.
Support levels: $6900; $6800; $6600; $6350; $6100; $5800; $5400; $4500.
Forecast:
The rise in Bitcoin's price from the level of $7100 and the targets: $7200, $7500.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of the Ethereum is trading above $ 280. On the 4-hour chart, there was a narrowing consolidation with resistance at $290 and support - $275. We expect the exit from this consolidation up to the $350- $380 zone. Cancelation of the long-term scenario is the price going below $270.
Resistance levels: $300; $325; $350; $380; $400.
Support levels: $270; $250; $240, $220, $180.
Forecast:
The continuation of the growth of the price of Ethereum from the level of $290 and the target in the $350- $380 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
Buyers of Ripple can keep the quotation above $0.32. We expect the price to continue to increase up to $0.38- $0.42. An important level of resistance is near $0.32. If the price goes below this level, the long scenario will be reviewed.
Resistance levels: $0.36; $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.32; $0.30; $0.28; $0.24; $0.22.
Forecast:
Ripple price rise up to $0.38- $0.42.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash returned to the growth channel and traded near the $550 support level. Resistance of this channel is located in the $650- $680 zone. Also on the 4-hour chart you can see the narrowing range with resistance at $565, and support - $530. We expect the price to continue to increase to the $650- $680 zone. Cancellation of the signal is the price reduction below $530.
Resistance levels: $585; $600; $620; $650; $680.
Support levels: $520; $500; $470; $450; $400.
Forecast:
The increase in Bitcoin Cash's price from the level of $565 and the target in the $650- $680 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin has continued the growth and has reached a mark $65. We expect further LTC / USD price growth to the $70- $72 zone. Also, we do not exclude the the price going above the $ 72 mark.
Resistance levels: $65; $67; $72; $75.
Support levels: $62; $60; $57; $55; $50; $46.
Forecast:
Continuation of the growth of the price of Litecoin to the level of $72.
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