Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation: The BTC/USD quotation after the test of the level of $3500 went downwards to a correction to the level of $4050 and broke through it. We expect the continuation of the BTC/USD correction up to levels: $5200, $5700, and possibly to the level of $6100.
On the daily chart, you can see the expansion of the downward channel with the support line near the 2000 mark. If Bitcoin prices go below $3000, then we are most likely to see a quote near the $2000 support line.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $4050; $4350; $4500; $5000; $5700; $6100; $6400.
Support levels: $3,500; $3,000.
Forecast:
After the end of the upward correction, the continuation of the BTC/USD price reduction to the zone of $3000- $2000.
ETH/USD
Current situation:
The quotation of the Ethereum tested the level of $100 twice and went up. At the moment, we characterize this growth as a correction in the price of ETH/USD, after a prolonged fall. The projected levels of correction up: $130, $165, $185.
After the end of the correction, we predict a further decline in the price of Ethereum to the zone: $90- $85.
Resistance levels: $120; $130; $150; $185; $195; $220; $240.
Support levels: $114; $110; $100; $90; $85.
Forecast:
After the end of the correction, the continuation of the ETH/USD price drop to $90- $85 zone.
XRP/USD
Current situation: After the end of the correction, we expect the decline of Ripple to continue to the levels: $0.30, $0.25. Also, we do not exclude a deeper immersion of XRP/USD quotes to $0.20- $0.15.
The projected levels of correction upwards of Ripple are as follows $0.40, $0.44, $0.47.
Resistance levels: $0,38; $0,44; $0,50; $0,58; $0,70; $0,76.
Support levels: $0.30; $0.20; $0.15.
Forecast:
Reduction of the price of Ripple to levels: $0.30, $0.25.
BCH/USD
Current situation:
The price of BCH/USD continues its correction and is currently near the $188 mark. At the moment, the price is trading near the $180 mark. We expect a continued decline in Bitcoin Cash to levels: $150, $120 and $100.
Predicted correction levels: $200, $210
Resistance levels: $200; $220; $300; $350; $400; $425.
Support levels: $160; $150.
Forecast:
BCH/USD price reduction to levels: $150, $120; $100.
LTC/USD
Current situation:
Litecoin price continued its growth and is currently trading above $30. We expect LTC/USD quotes in the range of $25- $20.
Predicted levels of correction upwards of Litecoin are as follows $40, $42 and $46.
Resistance levels: $35; $40; $46; $49; $50; $54; $58.
Support levels: $30; $27; $25.
Forecast:
Litecoin price reduction to $25.
Current situation: The BTC/USD quotation after the test of the level of $3500 went downwards to a correction to the level of $4050 and broke through it. We expect the continuation of the BTC/USD correction up to levels: $5200, $5700, and possibly to the level of $6100.
On the daily chart, you can see the expansion of the downward channel with the support line near the 2000 mark. If Bitcoin prices go below $3000, then we are most likely to see a quote near the $2000 support line.
Cancellation of the scenario may be caused by Bitcoin price increase above $6100.
Resistance levels: $4050; $4350; $4500; $5000; $5700; $6100; $6400.
Support levels: $3,500; $3,000.
Forecast:
After the end of the upward correction, the continuation of the BTC/USD price reduction to the zone of $3000- $2000.
ETH/USD
Current situation:
The quotation of the Ethereum tested the level of $100 twice and went up. At the moment, we characterize this growth as a correction in the price of ETH/USD, after a prolonged fall. The projected levels of correction up: $130, $165, $185.
After the end of the correction, we predict a further decline in the price of Ethereum to the zone: $90- $85.
Resistance levels: $120; $130; $150; $185; $195; $220; $240.
Support levels: $114; $110; $100; $90; $85.
Forecast:
After the end of the correction, the continuation of the ETH/USD price drop to $90- $85 zone.
XRP/USD
Current situation: After the end of the correction, we expect the decline of Ripple to continue to the levels: $0.30, $0.25. Also, we do not exclude a deeper immersion of XRP/USD quotes to $0.20- $0.15.
The projected levels of correction upwards of Ripple are as follows $0.40, $0.44, $0.47.
Resistance levels: $0,38; $0,44; $0,50; $0,58; $0,70; $0,76.
Support levels: $0.30; $0.20; $0.15.
Forecast:
Reduction of the price of Ripple to levels: $0.30, $0.25.
BCH/USD
Current situation:
The price of BCH/USD continues its correction and is currently near the $188 mark. At the moment, the price is trading near the $180 mark. We expect a continued decline in Bitcoin Cash to levels: $150, $120 and $100.
Predicted correction levels: $200, $210
Resistance levels: $200; $220; $300; $350; $400; $425.
Support levels: $160; $150.
Forecast:
BCH/USD price reduction to levels: $150, $120; $100.
LTC/USD
Current situation:
Litecoin price continued its growth and is currently trading above $30. We expect LTC/USD quotes in the range of $25- $20.
Predicted levels of correction upwards of Litecoin are as follows $40, $42 and $46.
Resistance levels: $35; $40; $46; $49; $50; $54; $58.
Support levels: $30; $27; $25.
Forecast:
Litecoin price reduction to $25.
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.