Trend Analysis: BTC ETH XRP BCH LTC

2 באוג׳ 2018

BTC/USD Overview:
Bitcoin is in a downtrend. The cancellation of the bearish trend will be confirmed by the breakdown and fixing of the Bitcoin price above the level of $9400.

Current situation:
Today, the price of BTC/USD rose to $7710, after which it went down and currently trades below $7600. We expect the price to continue falling to the level of $7200. The main target of reducing Bitcoin's price is in the price zone $6800- $6660.

Key levels are used by traders for determining immediate targets, limiting losses, fixing profits, entry points.

Resistance levels: $7800; $8000; $8300; $8500; $8650; $8800; $9120; $9400.
Support levels: $7200; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5450.

Forecast:
Continuation of the price reduction from the level of $7600 and the target of $7200.

ETH/USD
Overview:
The global trend remains descending.

Current situation:
Ethereum quotation is trading below $420. We expect the price of ETH/USD to continue falling to the level of $400. The main target of the decline is in the range of $380- $360. We forecast the maximum possible growth within the correction at $450.

Resistance levels: $440; $485; $515; $555; $585.
Support levels: $400; $360.

Forecast:
Continued reduction in the price of Ethereum to $400.

XRP/USD
Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough the level of $0.60 and fixing above this level. An important line of support for the price of XRP/USD is the $0.42- $0.40 zone.

Current situation:
The price of Ripple bounced off from the resistance line at $0.46 and went below it. The XRP quotation is trading in a tapering consolidation, and at the moment the range has narrowed to $0.46- $0.42. If the price goes up, then we expect the price to rise to $0.52- $0.60. If it will exit from consolidation downwards and the price goes below $0.40, the Ripple quotation will be able to reach the level near the $0.30 mark.

Resistance levels: $0.47; $0.52; $0.54.
Support levels: $0.43; $0.42; $0.40 $; $0.38.

Forecast:
Continuation of the decline in the price of Ripple to $0.40.

BCH/USD
Overview:
The trend is bearish. The key level of cancelation of the downtrend is resistance at $1000.

Current situation:
Bitcoin Cash price is trading near the 750 level. We still expect the BCH/USD quotation to fall to $720, $700.

Resistance levels: $780; $820; $840; $890; $930; $970; $1020.
Support levels: $720; $820; $780; $750; $720; $680.

Forecast:
Continuation of the price reduction BCH/USD to levels: $720, $700.

LTC/USD
Overview:
The trend is bearish.

Current situation:
The Litecoin quotation near the level of $75. We predict the breakthrough of this level from top to bottom to the level of $72. The maximum correction level is located at $80.

Resistance levels: $80; $90; $94; $100.
Support levels: $75; $72; $66.

Forecast:
Litecoin price drop to levels: $75, $72.