Trend Analysis: BTC ETH XRP BCH LTC
BTC/USD
Current situation:
The BTC/USD quotation after the test of the $3500 level from top to bottom went upward correction to the level of $4050 and is currently trading higher. We do not exclude the continuation of the BTC/USD correction up to the levels of: $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 likely to see a quote near the $2000 support line.
Cancellation of the scenario may be caused by the rise in Bitcoin prices above $6,100.
Resistance levels: $4350; $4500; $5000; $5700; $6100; $6400.
Support levels: $4050; $3500; $3000.
Forecast:
After the end of the upward correction, the continuation of the BTC/USD price reduction to $3000- $2000.
ETH/USD
Current situation:
The quotation of Ethereum tested the $100 level 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 expect 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 the $90- $85 zone.
XRP/USD
Current situation:
After the end of the correction, we expect a continuation of the decrease in the Ripple quotes to 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: $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 Ripple to levels: $0.30, $0.25.
BCH/USD
Current situation:
The BCH/USD quote is currently trading near the $180 mark. We expect Bitcoin Cash to continue to decline to levels: $150, $120 and $100.
Predicted levels of correction: $200, $210
Resistance Levels: $200; $220; $300; $350; $400; $425.
Support levels: $160; $150
Forecast:
Reducing the price of BCH/USD to levels: $150, $120; $100
LTC/USD
Current situation:
The price of Litecoin continued its growth and is currently trading above $30. We expect LTC/USD quotes in the range of $25- $20.
Predicted levels of correction up asset Litecoin: $40, $42 and $46.
Resistance levels: $35; $40; $46; $49; $50; $54; $58
Support levels: $30; $27; $25
Forecast:
Reduction of the price of Litecoin to the level of $25, after the end of the correction.
Current situation:
The BTC/USD quotation after the test of the $3500 level from top to bottom went upward correction to the level of $4050 and is currently trading higher. We do not exclude the continuation of the BTC/USD correction up to the levels of: $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 likely to see a quote near the $2000 support line.
Cancellation of the scenario may be caused by the rise in Bitcoin prices above $6,100.
Resistance levels: $4350; $4500; $5000; $5700; $6100; $6400.
Support levels: $4050; $3500; $3000.
Forecast:
After the end of the upward correction, the continuation of the BTC/USD price reduction to $3000- $2000.
ETH/USD
Current situation:
The quotation of Ethereum tested the $100 level 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 expect 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 the $90- $85 zone.
XRP/USD
Current situation:
After the end of the correction, we expect a continuation of the decrease in the Ripple quotes to 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: $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 Ripple to levels: $0.30, $0.25.
BCH/USD
Current situation:
The BCH/USD quote is currently trading near the $180 mark. We expect Bitcoin Cash to continue to decline to levels: $150, $120 and $100.
Predicted levels of correction: $200, $210
Resistance Levels: $200; $220; $300; $350; $400; $425.
Support levels: $160; $150
Forecast:
Reducing the price of BCH/USD to levels: $150, $120; $100
LTC/USD
Current situation:
The price of Litecoin continued its growth and is currently trading above $30. We expect LTC/USD quotes in the range of $25- $20.
Predicted levels of correction up asset Litecoin: $40, $42 and $46.
Resistance levels: $35; $40; $46; $49; $50; $54; $58
Support levels: $30; $27; $25
Forecast:
Reduction of the price of Litecoin to the level of $25, after the end of the correction.
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