Short

Trend Analysis: BTC ETH XRP BCH LTC

Overview:
The Bitcoin level of $8500, from which we bounced, is in our view a mirror level of the previously broken support of the global channel. This assumption is confirmed, if the price of Bitcoin goes below $6660. And at the moment we tend to think that the price of BTC / USD is falling within the framework of correction, after continued growth. The cancellation of the global bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400. Bitcoin remains in a downtrend.
Current situation:
Since the beginning of July, the BTC / USD quotation has increased by approximately 35 %. Bitcoin price after the test of $8500 level went into correction down to the level of $7860. We forecast further price reduction to the level of $7600.
Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.

Resistance levels: $8500; $8600; $8800; $9120; $9400.
Support levels: $7600; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450 (main).
Forecast:
Continuation of BTC / USD price drop from the level of $7860 and with a stop at $7600.

Overview:
The global trend remains descending. The turning point for the breakdown of the trend is the mark at $555.
Current situation:
At the moment, Ethereum is in the accumulation zone with support levels: $440, $420; and resistance: $485, $555. Exit from this zone will determine the further direction of Ethereum price.
Resistance levels: $485; $515; $555; $585.
Support levels: $441; $420; $404; $360.
Forecast:
Continuation of the ETH price decrease from $460 to $420.

Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the $0.60 level and consolidation above it. An important line of support for the price of XRP / USD is the $0.42- $0.40 zone.
Current situation:
Ripple price continues to be traded in the flat zone: $0.43- $0.47. We forecast the price exit downwards, to the markings at the levels: $0.42, $0.40.
Resistance levels: $0,48; $0,50; $0,52; $0,54.
Support levels: $0,43; $0,42; $0,40$; $0,38.
Forecast:
Continuation of the decline in the price of Ripple from the level of $0.43 to $0.40.

Overview:
The trend is bearish. The key level for downtrend cancelation is resistance at $1000.
Current situation:
Bitcoin Cas price went below the level of $820, which is a bearish sign. We expect further price reduction to levels: $750, $720 and $680.
Resistance levels: $820; 840$; $890; $930; $970; $1020
Support levels: $780; $750; $820; $780; $750; $720; $680.
Forecast:
Continuation of the price reduction from the level of $800 and the target at the level: $750.

Overview:
The trend is bearish. The fixing of the price of LTC / USD above the $100- $110 zone will be a sign of a reversal of the downtrend. Transactions for the sale of LTC / USD remain in priority.
Current situation:
Today, we forecast a breakdown of the level of $80 for the LTC / USD asset and the withdrawal of the price to $75.
Levels of resistance $85; $90; $94; $100.
Support levels: $80; $80; $75; $72; $66.
Forecast:
The breakdown of the level of $80 for the LTC / USD asset and the withdrawal of the price to $75.

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