BTC/USD
Overview:
Bitcoin trend remains descending. 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:
The price of Bitcoin broke through the support line at $6500 and went below. We expect a further decline in the price of BTC/USD to the level of $6100, after correction up to the level of $6450.
In our opinion, the price of Bitcoin can go deeper, to the level of $5000. But this scenario is possible if the price falls below $6100-$5700.
Cancellation of the scenario can be caused by growth above the level of $7400.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price will continue lowering to the level of $6,100.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The quotation of Ethereum broke through the level of $220. We forecast a further decline in the price of ETH/USD to the $180- $150 zone.
The cancelation of the ETH/USD price reduction can be caused by buying out the quotation above $270.
Resistance levels: $220; $240, $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Continued decline in the price of ETH/USD from $220 and target in the area of $180- $150.
XRP/USD
Overview:
Downtrend
Current situation:
XRP/USD asset continued its decline and is currently trading near $0.50.
Resistance levels: $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Decrease in the price of Ripple from the zone $0.54 - $0.52 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of Bitcoin Cash is trading below $520. We expect a further decline to $400- $350. Two important levels of support remain on the way to the goal: $500, $450.
Resistance levels: $560; $600; $650; $680; $800.
Support levels: $520; $500; $450; $400; $380.
Forecast:
The continuation of the fall in the price of BCH/USD from $520 and the goal in the area of $400 - $350.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The Litecoin price broke through the support line at the level of $58 in its upward channel. We expect continued price reduction to $46, for this price you need to pass a mark near the level of $54.
Cancelation of the scenario can be caused by fixing the price of LTC/USD above $68.
Resistance levels: $58; $60; $62; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $58 and the target - $46.
Overview:
Bitcoin trend remains descending. 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:
The price of Bitcoin broke through the support line at $6500 and went below. We expect a further decline in the price of BTC/USD to the level of $6100, after correction up to the level of $6450.
In our opinion, the price of Bitcoin can go deeper, to the level of $5000. But this scenario is possible if the price falls below $6100-$5700.
Cancellation of the scenario can be caused by growth above the level of $7400.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6300; $6100; $5800; $5400; $4500.
Forecast:
Bitcoin price will continue lowering to the level of $6,100.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The quotation of Ethereum broke through the level of $220. We forecast a further decline in the price of ETH/USD to the $180- $150 zone.
The cancelation of the ETH/USD price reduction can be caused by buying out the quotation above $270.
Resistance levels: $220; $240, $270; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.
Forecast:
Continued decline in the price of ETH/USD from $220 and target in the area of $180- $150.
XRP/USD
Overview:
Downtrend
Current situation:
XRP/USD asset continued its decline and is currently trading near $0.50.
Resistance levels: $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Decrease in the price of Ripple from the zone $0.54 - $0.52 with a target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of Bitcoin Cash is trading below $520. We expect a further decline to $400- $350. Two important levels of support remain on the way to the goal: $500, $450.
Resistance levels: $560; $600; $650; $680; $800.
Support levels: $520; $500; $450; $400; $380.
Forecast:
The continuation of the fall in the price of BCH/USD from $520 and the goal in the area of $400 - $350.
LTC/USD
Overview:
The trend is bearish.
Current situation:
The Litecoin price broke through the support line at the level of $58 in its upward channel. We expect continued price reduction to $46, for this price you need to pass a mark near the level of $54.
Cancelation of the scenario can be caused by fixing the price of LTC/USD above $68.
Resistance levels: $58; $60; $62; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
Drop in the price of Litecoin from the level of $58 and the target - $46.