BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
Bitcoin is in downtrend. 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:
Bitcoin quotation broke the level of $6500. We expect the price of BCH/USD to continue rising to the level of $6900. This growth is characterized as a correction before further decline to the $5800- $5700 zone.
Resistance levels: $6800; $6900; $7200; $7400.
Support levels: $6500; $6100; $5800; $5400; $4500.
Forecast:
The increase in the BTC/USD price from the level of $6600 and the target near the level of $6900.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum broke through the resistance at $220 and traded above it. We expect the price of ETH/USD to continue to increase to $240- $250.
Resistance levels: $250; $240, $270; $300; $325; $350; $380; $400.
Support levels: $220, $200; $180; $150; $100.
Forecast:
The growth of the price of ETH/USD to the area of $240- $250.
XRP/USD
Overview:
Downtrend.
Current situation:
The price of Ripple today continued its growth to the level of $0.76. We expect a price correction to the level of $0.42.
Resistance levels: $0.70; $0.74; $0.76.
Support levels: $0.45; $0.42; $0.38.
Forecast:
Ripple price increase from the $ 0.45- $ 0.42 zone and to target near the $ 0.70 level.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price has overcome the level of $440 and is trading above it. We expect the price to continue to increase to the $500- $520 zone.
Resistance levels: $500; $520; $555; $600; $650; $680; $800.
Support levels: $450; $400; $380.
Forecast:
Growth of BCH/USD price to levels: $500; $520.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin price broke the level of $56 and returned to the ascending channel. We forecast further growth of the LTC/USD price to the $60- $62 zone.
Resistance levels: $60; $62; $65; $68; $72; $75.
Support levels: $56; $54; $50; $49; $46.
Forecast:
The increase in the Litecoin price from the level of $56 and the target in the $60- $62 zone.
Overview:
Bitcoin is in downtrend. 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:
Bitcoin quotation broke the level of $6500. We expect the price of BCH/USD to continue rising to the level of $6900. This growth is characterized as a correction before further decline to the $5800- $5700 zone.
Resistance levels: $6800; $6900; $7200; $7400.
Support levels: $6500; $6100; $5800; $5400; $4500.
Forecast:
The increase in the BTC/USD price from the level of $6600 and the target near the level of $6900.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum broke through the resistance at $220 and traded above it. We expect the price of ETH/USD to continue to increase to $240- $250.
Resistance levels: $250; $240, $270; $300; $325; $350; $380; $400.
Support levels: $220, $200; $180; $150; $100.
Forecast:
The growth of the price of ETH/USD to the area of $240- $250.
XRP/USD
Overview:
Downtrend.
Current situation:
The price of Ripple today continued its growth to the level of $0.76. We expect a price correction to the level of $0.42.
Resistance levels: $0.70; $0.74; $0.76.
Support levels: $0.45; $0.42; $0.38.
Forecast:
Ripple price increase from the $ 0.45- $ 0.42 zone and to target near the $ 0.70 level.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash price has overcome the level of $440 and is trading above it. We expect the price to continue to increase to the $500- $520 zone.
Resistance levels: $500; $520; $555; $600; $650; $680; $800.
Support levels: $450; $400; $380.
Forecast:
Growth of BCH/USD price to levels: $500; $520.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin price broke the level of $56 and returned to the ascending channel. We forecast further growth of the LTC/USD price to the $60- $62 zone.
Resistance levels: $60; $62; $65; $68; $72; $75.
Support levels: $56; $54; $50; $49; $46.
Forecast:
The increase in the Litecoin price from the level of $56 and the target in the $60- $62 zone.
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