Short

Trend Analysis: BTC ETH XRP BCH LTC

Overview:
Bitcoin is in a downtrend. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of the Bitcoin price above the level of $9400.

Current situation:
Today, the price of BTC/USD rose to $7710, after which it went down and currently trades below $7600. We expect the price to continue falling to the level of $7200. The main target of reducing Bitcoin's price is in the price zone $6800- $6660.

Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.

Resistance levels: $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $7200; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.

Forecast:
Continuation of the price reduction from the level of $7600 and the target of $7200.

Overview:
The global trend remains descending.

Current situation:
Ethereum quotation is trading below $420. We expect the price of ETH/USD to continue falling to the level of $400. The main target of the decline is in the range of $380- $360. We forecast the maximum possible growth within the correction at $450.

Resistance levels: $440; $485; $515; $555; $585.
Support levels: $400; $360.

Forecast:
Continued reduction in the price of Ethereum to $400.

Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough the level of $0.60 and fixing above this level. An important line of support for the price of XRP/USD is the $0.42- $0.40 zone.

Current situation:
The price of Ripple bounced off from the resistance line at $0.46 and went below it. The XRP quotation is trading in a tapering consolidation, and at the moment the range has narrowed to $0.46- $0.42. If the price goes up, then we expect the price to rise to $0.52- $0.60. If it will exit from consolidation downwards and the price goes below $0.40, the Ripple quotation will be able to reach the level near the $0.30 mark.

Resistance levels: $0.47; $0.52; $0.54.
Support levels: $0.43; $0.42; $0.40 $; $0.38.

Forecast:
Continuation of the decline in the price of Ripple to $0.40.

Overview:
The trend is bearish. The key level of cancelation of the downtrend is resistance at $1000.

Current situation:
Bitcoin Cash price is trading near the 750 level. We still expect the BCH/USD quotation to fall to $720, $700.

Resistance levels: $780; $820; $840; $890; $930; $970; $1020.
Support levels: $720; $820; $780; $750; $720; $680.

Forecast:
Continuation of the price reduction BCH/USD to levels: $720, $700.

Overview:
The trend is bearish.

Current situation:
The Litecoin quotation near the level of $75. We predict the breakthrough of this level from top to bottom to the level of $72. The maximum correction level is located at $80.

Resistance levels: $80; $90; $94; $100.
Support levels: $75; $72; $66.

Forecast:
Litecoin price drop to levels: $75, $72.

VARZAR_INVESTMENT

Also on:

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.