Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Overview:
The trend for Bitcoin remains descending.
Current situation:
The price of Bitcoin fell to $6000, slightly not reaching our first goal at $5800. We expect the price to continue falling to the final target near the $5400 level. 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: $6300; $6,750, $6,850, 7,000, $7,160; $7500.
Support levels: $6000; $5,800; $5450.
Forecast:
Continuation of the price reduction of BTC / USD from the $6300 - $6000 zone. The goal of reducing the Bitcoin asset is near $5400.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum quotation continues to decline, approaching our goal at $300. We do not exclude a drop in prices below $300, to $280. The level of possible upward correction is near resistance, previously broken support at $330. From this mark, we forecast a further decline to the price zone of $300- $280.
Resistance levels: $330; $350; $380; $400 /
Support levels: $300; $280.
Forecast:
Continuation of the reduction in the price of the Ethereum from the level of $330 and upward to the $300- $280 zone.
XRP / USD
Overview:
Trend is downward.
Current situation:
The asset XRP/USD went below our target at $0.30 and is currently trading below it. We forecast further price reduction to the $0.28- $0.27 zone.
Resistance levels: $0.32; $0.36; $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.28; $0.27.
Forecast:
Continuation of price reduction to the $0.28 - $ 0.27.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash entered our target zone in the range of $550- $500. We forecast a price decline to the level of $500.
Resistance levels: $550; $585; $600; $620; $650; $680.
Support levels: $500.
Forecast:
Continuation of the Bitcoin Cash price decline to the level of $500.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation is trading near the level of $55, we forecast a continuation of the price decline to the level of $50.
Resistance levels: $60; $65; $67; $72.
Support levels: $55; $50.
Forecast:
Continuation of the price reduction of Litecoin to the level of $50.
Overview:
The trend for Bitcoin remains descending.
Current situation:
The price of Bitcoin fell to $6000, slightly not reaching our first goal at $5800. We expect the price to continue falling to the final target near the $5400 level. 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: $6300; $6,750, $6,850, 7,000, $7,160; $7500.
Support levels: $6000; $5,800; $5450.
Forecast:
Continuation of the price reduction of BTC / USD from the $6300 - $6000 zone. The goal of reducing the Bitcoin asset is near $5400.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
Ethereum quotation continues to decline, approaching our goal at $300. We do not exclude a drop in prices below $300, to $280. The level of possible upward correction is near resistance, previously broken support at $330. From this mark, we forecast a further decline to the price zone of $300- $280.
Resistance levels: $330; $350; $380; $400 /
Support levels: $300; $280.
Forecast:
Continuation of the reduction in the price of the Ethereum from the level of $330 and upward to the $300- $280 zone.
XRP / USD
Overview:
Trend is downward.
Current situation:
The asset XRP/USD went below our target at $0.30 and is currently trading below it. We forecast further price reduction to the $0.28- $0.27 zone.
Resistance levels: $0.32; $0.36; $0.38; $0.40; $0.44; $0.47; $0.52; $0.54.
Support levels: $0.28; $0.27.
Forecast:
Continuation of price reduction to the $0.28 - $ 0.27.
BCH/USD
Overview:
Trend is bearish.
Current situation:
Bitcoin Cash entered our target zone in the range of $550- $500. We forecast a price decline to the level of $500.
Resistance levels: $550; $585; $600; $620; $650; $680.
Support levels: $500.
Forecast:
Continuation of the Bitcoin Cash price decline to the level of $500.
LTC/USD
Overview:
Trend is bearish.
Current situation:
Litecoin quotation is trading near the level of $55, we forecast a continuation of the price decline to the level of $50.
Resistance levels: $60; $65; $67; $72.
Support levels: $55; $50.
Forecast:
Continuation of the price reduction of Litecoin to the level of $50.
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