Trend Analysis: BTC ETH XRP BCH LTC

31 sie 2018

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.

Current situation:
Bitcoin price yesterday tested the level of $6800 and went up. As of today, the quotation of BTC/USD is trading above the level of $6900. We still expect the continued growth of Bitcoin's price to levels: $7200, $7500. If the price goes below $6600, the long scenario will be revised.

Resistance levels: $7200; $7500, $7800.
Resistance levels: $6900; $6800; $6600; $6350; $6100; $5800; $5400; $4500.

Forecast:
The increase in Bitcoin's price from the level of $6900 and the targets: $7200, $7500.

ETH/USD
Overview:
The global trend remains descending.

Current situation:
The price of the Ethereum is trading near the level of $280. We expect the growth to continue from the level of $280. The cancelation of a long scenario is the price going below $270.

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

Forecast:
The continuation of the growth of the price of the Ethereum from the level of $280 and the target in the $350- $380 zone.

XRP/USD
Overview:
Downtrend.

Current situation:
The situation since yesterday remains uncertain. But we still expect the price of Ripple to continue to increase to $0.38- $0.42. The cancellation of the forecast is the price going below $0.32.

Resistance levels: $0,36; $0,38; $0,40; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,30; $0,28; $0,24; $0,22.

Forecast:
Ripple price rising upwards to $0.38- $0.42.

BCH/USD
Overview:
The trend is bearish.

Current situation:
Bitcoin Cash quotation went down to $524 yesterday, but buyers still managed to return the price above $530, where the resistance line of the growth channel passes. We expect the price of BCH/USD to continue growing to the $650- $680 zone. The cancelation of a long scenario will be to Bitcoin Cash's price fixing below $530.

Resistance levels: $585; $600; $620; $650; $680.
Support levels: $500; $470; $450; $400.

Forecast:
The rise in Bitcoin Cash's price from the level of $530 and the target in the $650- $680 zone.

LTC/USD
Overview:
The trend is bearish.

Current situation:
Litecoin quotation has returned above level $60. We expect further price growth to the $65- $72 zone. The cancelation of the long-term scenario is the price going below $55.

Resistance levels: $62; $65; $67; $72; $75.
Support levels: $55; $50; $46.

Forecast:
Continuation of the growth of the price of Litecoin to the $65- $72 zone.