Short

Trend Analysis: BTC ETH XRP BCH LTC

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

Current situation:
Bitcoin price suspended its growth and today began its correction from the level of 8500. At the moment, the price is in correction downward, the nearest support level is the levels at 7600, 6800, 6660.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.

Support levels: $8500; $8200; $8600; $8800; $9400.
Support levels: $7800; $7600; $7000; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5085.

Forecast:
The price decrease from the level of $ 8500 and with a stop at $ 7600.

Overview:
The trend is bearish. An important level of resistance for the cancellation of the downward trend of Ethereum price is the level of $555. Transactions for the sale of this asset are still in priority.

Current situation:
Ethereum price after the test of $485 level went into a correction. We forecast a further decline in the price of this asset, with a target of reducing on the level of $ 420.

Resistance levels: $485; $515; $555; $585.
Support levels: $465; $441; $420; $404; $360.

Forecast:
The decrease in the price of ETH from $485 to $420.

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.

Current situation:
The price of Ripple was delayed 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:
Reduction of the price of Ripple from the zone of $ 0.46- $0.47 to the level of $ 0.42.

Overview:
The trend is bearish. The key level for the downtrend cancellation is resistance at $1000.

Current situation:
Bitcoin Cash quotation did not reach the level of $890 and went into a correction. We expect the BTC / USD price to fall today to $820. In case the price goes below the level of $820, we predict a price decline to levels: $750, $720. Also, we do not exclude the continued growth of the BCH / USD exchange rate, after the correction is down to the level of $820.

Resistance levels: $890; $930; $970; $1020.

Support levels: $830; $780; $750; $820; $780; $750; $720; $680.

Forecast:
The price decrease from the zone of $850- $820 and the target at the level: $750.

Overview:
The trend is bearish. The fixing of the LTC / USD price over the zone of $100- $110 will be a sign of a reversal of the downtrend. Transactions for the sale of LTC / USD are still in priority.

Current situation:
Litecoin price today began its decline from the level of 90. We forecast a decrease in the price of Litecoin asset to level 80. If the price manages to break this level from top bottom, then we expect to see Litecoin quotation near the levels: $75, $72.

Resistance levels: $85; $90; $94; $100.
Support levels: $80; $75; $72; $66.

Forecast:
Litecoin price drop from the $90- $86 zone to $80.

VARZAR_INVESTMENT

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