BTC/USD Current situation: Bitcoin quotes continue to be traded near the $6400, $6450 resistance lines. If the price of BTC/USD will be able to overcome the level of $6450, then an increase to 6600-6800 is possible. With this we will expect a drop to levels: $6100, $5700. Since the global trend remains downward, we do not recommend buying this asset.
Cancellation of the scenario may be caused by Bitcoin price increase above $6800.
Forecast: BTC/USD price reduction from $6450 and targets: $6100, $5700.
ETH/USD Current situation: The quotation of the Ethereum was fixed above the level of 200. The nearest resistance zone are the levels: $220, $240, $260. The main support zone is $195-$185.
We expect continued decline in the price of ETH/USD to $150.
Forecast: Continued decline in the price of ETH/USD from $220 and target in the area of $180- $150.
XRP/USD Current situation: Ripple's price left the consolidation zone up and reached the level of 0.56. At the moment, growth is possible to the level of 0.62. Since the asset is highly volatile, we do not exclude its further growth with the updating of local max. But we do not recommend buying Ripple's cryptocurrency.
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.
Forecast: Reduction of the price of Ripple from the level of 0.54 and the target near the level of $0.30.
BCH/USD Current situation: The price of Bitcoin Cash has reached $600. The maximum possible increase to $680.
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.
Forecast: Reduction of the price of BCH/USD from $620 and a target near $350. LTC/USD Current situation: The price of Litecoin continues to be above $50. The maximum possible growth of quotes within the correction, before further immersion, is in the zone 58-62.
We predict a fall in the price of Litecoin to the level of $46; we also do not exclude a fall to the $35 - $30 zone.
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