LitecoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
Bitcoin is in a downtrend. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400.
Current situation:
Bitcoin quotation is trading near the $7000 mark. At the moment, the potential for reducing the price of BTC/USD remains. The level of support for the quotation BTC/USD is in the price zone $6800- $6660. In this zone, there is a great interest of buyers. If the price can go below this zone, the drop in Bitcoin's quotation will continue to levels of $5780 and $5400. Also, purchases from the level of $6,800 and a target of around $9,000 are not excluded. The buy signal will be confirmed by fixing the price of BTC/USD above $7500.
Key levels are used by traders for: determining immediate targets, limiting losses, fixing profits, entry points.
Resistance levels: $7600; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $7200; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.
Forecast:
Continuation of the decrease of Bitcoin quotation to the price zone 6800-6660.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum quotation is trading below the previously mentioned level of $430. Priority remains sales with a target in the $380- $360 zone.
Cancellation of the scenario - an increase in the price of ETH/USD above the level of $430.
Resistance levels: $420; $430; $485; $515; $555; $585.
Support levels: $400; $380, $360.
Forecast:
Continuation of the price reduction of the Ether to the price zone of $390- $380.
XRP/USD
Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the level of $0.60 and consolidation above this level. An important line of support for the price of XRP/USD is the $0.42- $0.40 zone. If the price of XRP/USD falls below the level, then panic sales of this asset possible to the level of $0.30.
Current situation:
The Ripple quotation is traded near the support of the triangle figure. We expect exit from this figure down to the zone: $0.40- $0.38.
Resistance levels: $0.44; $0.47; $0.52; $0.54.
Support levels: $0,42; $0,40$; $0,38.
Forecast:
We are still waiting for the exit of XRP/USD quotation below the support level of $0.42. The purpose of reducing the price of Ripple is in the $0.40- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash price is traded near the level of $700. The zone of the maximum correction of the BCH/USD asset upwards: $740- $760. The growth of the quotation BCH/USD above the level of $760 cancels the short-term scenario. Transactions for the sale of BCH/USD are in priority.
Resistance levels: $700; $740; $760; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $680; $650; $600.
Forecast:
Continuation of the price reduction of BCH/USD to the $680- $650 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
Litecoin price is trading above $70. We stick to the bearish scenario. Litecoin price droppingbelow $70, to $67.
Resistance levels: $78; $80; $90; $94; $100.
Support levels: $72; $67.
Forecast:
Continuation of the Litecoin price reduction with a target of $70.
Overview:
Bitcoin is in a downtrend. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of Bitcoin's price above the level of $9400.
Current situation:
Bitcoin quotation is trading near the $7000 mark. At the moment, the potential for reducing the price of BTC/USD remains. The level of support for the quotation BTC/USD is in the price zone $6800- $6660. In this zone, there is a great interest of buyers. If the price can go below this zone, the drop in Bitcoin's quotation will continue to levels of $5780 and $5400. Also, purchases from the level of $6,800 and a target of around $9,000 are not excluded. The buy signal will be confirmed by fixing the price of BTC/USD above $7500.
Key levels are used by traders for: determining immediate targets, limiting losses, fixing profits, entry points.
Resistance levels: $7600; $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $7200; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.
Forecast:
Continuation of the decrease of Bitcoin quotation to the price zone 6800-6660.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum quotation is trading below the previously mentioned level of $430. Priority remains sales with a target in the $380- $360 zone.
Cancellation of the scenario - an increase in the price of ETH/USD above the level of $430.
Resistance levels: $420; $430; $485; $515; $555; $585.
Support levels: $400; $380, $360.
Forecast:
Continuation of the price reduction of the Ether to the price zone of $390- $380.
XRP/USD
Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the level of $0.60 and consolidation above this level. An important line of support for the price of XRP/USD is the $0.42- $0.40 zone. If the price of XRP/USD falls below the level, then panic sales of this asset possible to the level of $0.30.
Current situation:
The Ripple quotation is traded near the support of the triangle figure. We expect exit from this figure down to the zone: $0.40- $0.38.
Resistance levels: $0.44; $0.47; $0.52; $0.54.
Support levels: $0,42; $0,40$; $0,38.
Forecast:
We are still waiting for the exit of XRP/USD quotation below the support level of $0.42. The purpose of reducing the price of Ripple is in the $0.40- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
Bitcoin Cash price is traded near the level of $700. The zone of the maximum correction of the BCH/USD asset upwards: $740- $760. The growth of the quotation BCH/USD above the level of $760 cancels the short-term scenario. Transactions for the sale of BCH/USD are in priority.
Resistance levels: $700; $740; $760; $780; $820; $840; $890; $930; $970; $1020.
Support levels: $680; $650; $600.
Forecast:
Continuation of the price reduction of BCH/USD to the $680- $650 zone.
LTC/USD
Overview:
The trend is bearish.
Current situation:
Litecoin price is trading above $70. We stick to the bearish scenario. Litecoin price droppingbelow $70, to $67.
Resistance levels: $78; $80; $90; $94; $100.
Support levels: $72; $67.
Forecast:
Continuation of the Litecoin price reduction with a target of $70.
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