Trend Analysis: BTC ETH XRP BCH LTC

26 lug 2018

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

Current situation:
Bitcoin quotation trades above the level of $8000. At the moment the price is in the accumulation phase in the zone: $8000- $8500. We forecast a decrease in the price of BTC / USD from this zone to levels: $7700, $7600. If the price falls below $7600, then we expect the price to fall to levels: $6800, $6660. We also do not exclude the increase of Bitcoin's price to the level of $8600, where the 200-day moving average indicator line (MA 200) passes.

Key levels are used by traders to identify immediate targets, limit losses, fix profit, entry points.

Resistance levels: $8500; $8600; $8200; $8600; $8800; $9400.
Support levels: $7700; $7600; $7000; $6800; $6660; $6276; $6354; $6100; $5940; $5780; $5085.

Forecast:
Price reduction from the zone: $8200- $8600 and with a stop at $7600.

ETH/USD
Overview:
The trend is bearish. An important level of resistance for the cancellation of the downward trend of Ethereum price is the level of $555. Transactions for the sale of this asset are still in priority.

Current situation:
Today, Ethereum's price again approached its local highs, near the level of $485. In case of breaking this level from the bottom to the top, we will expect the update of the ETH / USD price highs at the levels: $515, $555. If the ETH / USD quotation drops and remains below $470, then we expect a further decline in the price of this asset to levels of $440, $420.

Resistance levels: $485; $515; $555; $585.
Support levels: $465; $441; $420; $404; $360.

Forecast:
The decrease in the price of ETH from $485 to $420.

XRP / USD
Overview:
Downtrend. The cancellation of the downward trend of the Ripple quotation will be a breakthrough of the level of $0.60 and consolidation 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 continues to be traded in the flat zone: $0.43- $0.47. We forecast the price exit downwards, to the markings at the levels: $0.42, $0.40.

Resistance levels: $0.48; $0.50; $0.52; $0.54.
Support levels: $0.43; $0.42; $0.40; $0.38.

Forecast:
Reduction of the price of Ripple from the zone of $0.46- $0.47 to the level of $ 0.42.

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

Current situation:
We expect the BTC / USD price to fall today to $820. In case the price goes below the level of $820, we predict a price decline to levels: $750, $720. We also do not rule out the scenario with the price rising to levels: $890 and $930.

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

Forecast:
The price decrease from the zone of $850- $820 and the target at the level: $750.

LTC / USD
Overview:
The trend is bearish. LTC / USD price fixing above the $100- $110 zone will be a sign of a reversal of the downtrend. Transactions for the sale of LTC / USD are still in priority.

Current situation:
We are still expecting a decrease in the price of Litecoin to $80. If the price manages to break this level from top bottom, then we expect to see Litecoin quotation near the levels: $75, $72.

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

Forecast:
The decrease in the price of Litecoin from the current level, near the $88 mark and to $80.