Trend Analysis: BTC ETH XRP BCH LTC

12 сент. 2018 г.

BTC/USD
Overview:
Bitcoin is in a downtrend. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.
If the price of BTC/USD is lower than $ 5700, where the uptrend line is located (the trend was formed since March 2017), then the long-term reduction targets will be in the $ 4000- $ 3000 zone.

Current situation:
Bitcoin quotation continues to trade in the consolidation zone $ 6530-6100. Correction is not canceled yet, but the chances of its implementation have decreased. Forecasted levels of correction up $ 6750, $ 6800. If the price of BTC/USD hits the level of $ 6100, then we predict a price decline to the level of $ 5700.

Resistance levels: $6400; $6600; $6800; $6900; $6800; $6600; $7200; $7500.
Support levels: $6100; $5800; $5400; $4500.

Forecast:
The decrease of Bitcoin's price from the level of $ 6100 and the target near the $ 5700 mark. We do not recommend buying.

ETH/USD
Overview:
The global trend remains descending.

Current situation:
Ethereum quotation could not be adjusted upwards and currently trades below $ 180. We forecast a further decline in the price of Ethereum to $ 150. The maximum expected correction level is up, in this reduction cycle - $ 185.

Resistance levels: $180; $200; $220; $250; $240, $270; $300; $325; $350; $380; $400.
Support levels: $ 150; $ 100.

Forecast:
Reduction of the price of ETH/USD from the $ 185- $ 170 zone and to the level of $ 150.

XRP/USD
Overview:
Downtrend.

Current situation:
Ripple price is trading near the support of the tapering consolidation zone of $ 0.25. If the quotation can go below the $ 0.25- $ 0.20 range, then the decline will continue to $ 0.20.

Resistance levels: $0.26; $0.30; $0.32; $0.35; $0.38; $0.40; $0.44; $0.47; $0.52.
Support levels: $0.24; $0.22; $0.15.

Forecast:
Reduction of the quotation of the Ripple from the level of $ 0.24 and the target near the mark of $ 0.20.

BCH/USD
Overview:
The trend is bearish.

Current situation:
Bitcoin Cash came out of consolidation down the trend direction and currently trades below $ 450. We expect a further decline in the asset to $ 400. The maximum level possible correction level is at $ 460.

Resistance levels: $450; $460; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400.

Forecast:
We expect the price of BCH/USD to fall from current levels. The goal of the decline is at $ 400.

LTC/USD
Overview:
The trend is bearish.

Current situation:
Litecoin quotation has broken through a support level of $ 49 and at the moment is trading below it. We expect a further decline in LTC/USD price to the level of $ 46.

Resistance levels: $ 49; $ 50; $ 55; $ 58; $ 60; $ 58; $ 65; $ 68; $ 72; $ 75.
Support levels: $ 46.

Forecast:
The decrease in LTC/USD prices from the level of $ 50 and targets near the $ 46 mark.