BitcoinShort
Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation:
The Bitcoin quote continues to be in a local uplink channel with a resistance zone: 6400-6450 and support: $6350- $6285. We remain in the position of sellers; the main signal for the opening of positions for sale will be breaking through the level of $6285.
The main scenario remains the same. Reduction of the price of BTC/USD from $6350 and objectives: $6100, $5700.
Cancellation of the scenario may be caused by Bitcoin price increase above $6800.
Resistance levels: $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $6285; $6100; $5800; $5400; $4500.
Forecast:
BTC/USD price reduction from $6350 and targets: $6100, $5700.
ETH/USD
Current situation: The quotation of the Ethereum is traded near the level of 200. The price is in the local uplink. The main support zone is the zone: 195-190. We expect continued decline in the price of ETH/USD to $150.
Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast: Continued decline in the price of ETH/USD from $200 and target in the area of $180- $150.
XRP/USD
Current situation:
The situation remains the same, the price of XRP/USD is near an important support area. If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30.
Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Cancellation of the scenario - Ripple price growth above $0.50.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Reduction of the Ripple price to $0.30.
BCH/USD
Current situation:
Bitcoin Cash price is trading above $450. Correctional growth of quotes BCH/USD over-fulfilled, but we still remain on the side of sellers.
We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. We also do not exclude a fall in prices to the level of $300, where the line of support for the downward channel is located.
Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800.
Support levels: $400; $350.
Forecast:
BCH/USD price reduction to $350, after breaking through $425.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The price of Litecoin still went above the level of $50, but we still do not consider this growth as a change in trend. We expect the fall of the price of Litecoin to $46, possibly lower.
Resistance levels: $50; $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $51 and the target - $46.
Current situation:
The Bitcoin quote continues to be in a local uplink channel with a resistance zone: 6400-6450 and support: $6350- $6285. We remain in the position of sellers; the main signal for the opening of positions for sale will be breaking through the level of $6285.
The main scenario remains the same. Reduction of the price of BTC/USD from $6350 and objectives: $6100, $5700.
Cancellation of the scenario may be caused by Bitcoin price increase above $6800.
Resistance levels: $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $6285; $6100; $5800; $5400; $4500.
Forecast:
BTC/USD price reduction from $6350 and targets: $6100, $5700.
ETH/USD
Current situation: The quotation of the Ethereum is traded near the level of 200. The price is in the local uplink. The main support zone is the zone: 195-190. We expect continued decline in the price of ETH/USD to $150.
Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast: Continued decline in the price of ETH/USD from $200 and target in the area of $180- $150.
XRP/USD
Current situation:
The situation remains the same, the price of XRP/USD is near an important support area. If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30.
Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.
Cancellation of the scenario - Ripple price growth above $0.50.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.
Forecast:
Reduction of the Ripple price to $0.30.
BCH/USD
Current situation:
Bitcoin Cash price is trading above $450. Correctional growth of quotes BCH/USD over-fulfilled, but we still remain on the side of sellers.
We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. We also do not exclude a fall in prices to the level of $300, where the line of support for the downward channel is located.
Resistance levels: $450; $500; $520; $560; $600; $650; $680; $800.
Support levels: $400; $350.
Forecast:
BCH/USD price reduction to $350, after breaking through $425.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The price of Litecoin still went above the level of $50, but we still do not consider this growth as a change in trend. We expect the fall of the price of Litecoin to $46, possibly lower.
Resistance levels: $50; $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $51 and the target - $46.
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