LitecoinShort
Trading plan: BTC ETH XRP BCH LTC
BTCUSD
The trading situation in the crypto currency market has not changed yet: the trend is downward, the consolidation of Bitcoin's price continues. After the correction is over, the bearish trend of Bitcoin's rate will continue.
Forecast for today:
The fall of Bitcoin's rate from $6740 to $5500.
ETHUSD
The price of Ethereum is squeezed in a narrow corridor of prices. Buyers can not push the rate of Ethereum up, and sellers accumulate short positions. In our opinion, the exit of Ethereum rate from the flat will be downwards.
Forecast for today:
The drop in Ethereum's rate from $235 to $160.
XRPUSD
The situation with Ripple is identical: we observe the balance of power of buyers and sellers. A long flat on Ripple testifies that buyers are weak. Most likely Ripple price will drop.
Forecast for today:
The fall of Ripple rate from $0.303 to $0.24.
BCHUSD
The Bitcoin Cash rate is in the phase of wide volatility. The bearish trend prevails, so the probability of a drop in its price is greater.
Forecast for today:
The drop of the Bitcoin Cash rate from $540 to $400.
LTCUSD
A narrow corridor of Litecoin's price near the zone: $58- $55 speaks of the weakness of buyers. We believe that the bears will continue to lower the quotation of Litecoin.
Forecast for today:
The fall of Litecoin rate from $58 to $46.
The trading situation in the crypto currency market has not changed yet: the trend is downward, the consolidation of Bitcoin's price continues. After the correction is over, the bearish trend of Bitcoin's rate will continue.
Forecast for today:
The fall of Bitcoin's rate from $6740 to $5500.
ETHUSD
The price of Ethereum is squeezed in a narrow corridor of prices. Buyers can not push the rate of Ethereum up, and sellers accumulate short positions. In our opinion, the exit of Ethereum rate from the flat will be downwards.
Forecast for today:
The drop in Ethereum's rate from $235 to $160.
XRPUSD
The situation with Ripple is identical: we observe the balance of power of buyers and sellers. A long flat on Ripple testifies that buyers are weak. Most likely Ripple price will drop.
Forecast for today:
The fall of Ripple rate from $0.303 to $0.24.
BCHUSD
The Bitcoin Cash rate is in the phase of wide volatility. The bearish trend prevails, so the probability of a drop in its price is greater.
Forecast for today:
The drop of the Bitcoin Cash rate from $540 to $400.
LTCUSD
A narrow corridor of Litecoin's price near the zone: $58- $55 speaks of the weakness of buyers. We believe that the bears will continue to lower the quotation of Litecoin.
Forecast for today:
The fall of Litecoin rate from $58 to $46.
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