LitecoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
The trend for Bitcoin remains descending.
Current situation:
Bitcoin quotation trades near its local minimum, near the level of $6120. In case the price goes below this level, we expect a decrease with targets at the levels: $5800, $5400. Also, the option is possible with an increase in prices to levels: $6750, $6850. From these levels we will expect a signal to open short positions with a target of $5400. Cancellation of the scenario - a price increase above $7000.
Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.
Resistance levels: $6600; $6750, $6850, $7000, $7160; $7500; $7800; $8000; $8300; $8500; $8650; $8800.
Support levels: $6120; $6354; $6100; $5940; $5780; $5450.
Forecast:
Continuation of the BTC / USD price decrease from the levels: $6500, $6600. The target of the BTC/USD asset decrease is at $5800.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is in the consolidation zone of $350- $370. Exit from this zone will determine the further movement. In the event of an uptrend, we will expect the price of ETH / USD in the $380- $400 zone, starting from there the sales of Ethereum may be resumed. Also, we do not exclude the reduction of the price of Ethereum from current levels and the target near the level of $ 300. The cancelation of the scenario will be the exit of the Ethereum price above $400.
Resistance levels: $370; $380; $400; $420; $440; $485; $515; $555; $585.
Support levels: $350; $300.
Forecast:
Continuation of the reduction of the price of the Ethereum from the zone of $350-370 and to the level of $300.
XRP/USD
Overview :
Trend is downward.
Current situation:
Situation on the asset Ripple remains short. The main growth levels within the correction: $0.38, $0.39. From these levels, we expect the price of XRP / USD to fall. We forecast today a decline in the price of Ripple to $ 0.30, from the current levels ($0.33).
Resistance levels: $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.32; $0.30.
Forecast:
Continuation of the price reduction to the level of $0.30.
BCH/USD
Overview:
Trend is bearish.
Current situation:
The situation on the BCH / USD asset remains the same, short is in priority. But in cash quotation is near the $600 mark, we expect further price reduction to levels: $550, $500. Canceling the script - the price going above $700.
Resistance levels: $620; $650; 680; $740; $760; $780.
Support levels: $550; $500.
Forecast:
Continuation of the Bitcoin Cash price decline to the $550 - $500 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation continues to trade near the level of $60, we still forecast further price reduction to the $55- $50 zone. Possible levels of LTC / USD asset adjustment: $64, $68. Cancellation of transactions in short, will be a price increase above $70.
Resistance levels: $65; $70; $72; $75; $78; $80; $90; $94; $100.
Support levels: $60, $55, $50.
Forecast:
Continuation of the price reduction of Litecoin to the level of $55
Overview:
The trend for Bitcoin remains descending.
Current situation:
Bitcoin quotation trades near its local minimum, near the level of $6120. In case the price goes below this level, we expect a decrease with targets at the levels: $5800, $5400. Also, the option is possible with an increase in prices to levels: $6750, $6850. From these levels we will expect a signal to open short positions with a target of $5400. Cancellation of the scenario - a price increase above $7000.
Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.
Resistance levels: $6600; $6750, $6850, $7000, $7160; $7500; $7800; $8000; $8300; $8500; $8650; $8800.
Support levels: $6120; $6354; $6100; $5940; $5780; $5450.
Forecast:
Continuation of the BTC / USD price decrease from the levels: $6500, $6600. The target of the BTC/USD asset decrease is at $5800.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is in the consolidation zone of $350- $370. Exit from this zone will determine the further movement. In the event of an uptrend, we will expect the price of ETH / USD in the $380- $400 zone, starting from there the sales of Ethereum may be resumed. Also, we do not exclude the reduction of the price of Ethereum from current levels and the target near the level of $ 300. The cancelation of the scenario will be the exit of the Ethereum price above $400.
Resistance levels: $370; $380; $400; $420; $440; $485; $515; $555; $585.
Support levels: $350; $300.
Forecast:
Continuation of the reduction of the price of the Ethereum from the zone of $350-370 and to the level of $300.
XRP/USD
Overview :
Trend is downward.
Current situation:
Situation on the asset Ripple remains short. The main growth levels within the correction: $0.38, $0.39. From these levels, we expect the price of XRP / USD to fall. We forecast today a decline in the price of Ripple to $ 0.30, from the current levels ($0.33).
Resistance levels: $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.32; $0.30.
Forecast:
Continuation of the price reduction to the level of $0.30.
BCH/USD
Overview:
Trend is bearish.
Current situation:
The situation on the BCH / USD asset remains the same, short is in priority. But in cash quotation is near the $600 mark, we expect further price reduction to levels: $550, $500. Canceling the script - the price going above $700.
Resistance levels: $620; $650; 680; $740; $760; $780.
Support levels: $550; $500.
Forecast:
Continuation of the Bitcoin Cash price decline to the $550 - $500 zone.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation continues to trade near the level of $60, we still forecast further price reduction to the $55- $50 zone. Possible levels of LTC / USD asset adjustment: $64, $68. Cancellation of transactions in short, will be a price increase above $70.
Resistance levels: $65; $70; $72; $75; $78; $80; $90; $94; $100.
Support levels: $60, $55, $50.
Forecast:
Continuation of the price reduction of Litecoin to the level of $55
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