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:
The price of Bitcoin has gone below the support level of $6600. The interest in the BTC/USD asset from the buyer's side does not appear. We remain on the side of sellers and expect prices to fall to levels: $6100, $5700.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6400; $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6500 and targets: $6100, $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is below the support level of the rising channel. We expect a decline in the price of ETH/USD to the zone of $180 - $150.
A rise in the price of Ethereum above $240 will mean a return to the upward channel in order to increase $280 - 300. But this option is considered unlikely.
Resistance levels: $240, $280; $300; $325; $350; $380; $400.
Support levels: $220, $200; $180; $150; $100.
Forecast:
ETH/USD price reduction starting from $220 and target in the $180- $150 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
We expect the asset price to fall to $0.42— $0.38.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Decrease in the price of Ripple from the zone $0.47 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
We predict a breakout from top to bottom of the level of $500 and the departure of the price of BCH/USD to the level of $450. Also, do not exclude quotation going to levels: $400, $350.
Resistance levels: $520; $560; $600; $650; $680; $800.
Support levels: $500; $450; $400; $380.
Forecast:
BCH/USD price reduction from $510 and target in the $400 - $350 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
We expect the LTC price to drop to $46.
Resistance levels: $58; $60; $62; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $57 and the target - $46.
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:
The price of Bitcoin has gone below the support level of $6600. The interest in the BTC/USD asset from the buyer's side does not appear. We remain on the side of sellers and expect prices to fall to levels: $6100, $5700.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6400; $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price reduction from $6500 and targets: $6100, $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is below the support level of the rising channel. We expect a decline in the price of ETH/USD to the zone of $180 - $150.
A rise in the price of Ethereum above $240 will mean a return to the upward channel in order to increase $280 - 300. But this option is considered unlikely.
Resistance levels: $240, $280; $300; $325; $350; $380; $400.
Support levels: $220, $200; $180; $150; $100.
Forecast:
ETH/USD price reduction starting from $220 and target in the $180- $150 zone.
XRP/USD
Overview:
Trend is downward.
Current situation:
We expect the asset price to fall to $0.42— $0.38.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Decrease in the price of Ripple from the zone $0.47 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
We predict a breakout from top to bottom of the level of $500 and the departure of the price of BCH/USD to the level of $450. Also, do not exclude quotation going to levels: $400, $350.
Resistance levels: $520; $560; $600; $650; $680; $800.
Support levels: $500; $450; $400; $380.
Forecast:
BCH/USD price reduction from $510 and target in the $400 - $350 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
We expect the LTC price to drop to $46.
Resistance levels: $58; $60; $62; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $57 and the target - $46.
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