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:
The price of Bitcoin yesterday reached $6650 and went below $6600. We still expect a price reduction to levels: $6100, $5700.
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 of asset reduction can be caused by the growth above $7400.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6400; $6100; $5800; $5400; $4500.
Forecast:
Reduction of the price of Bitcoin from $6500 and targets: $6100, $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is still below $240, where support for the rising channel is located. We expect a decline in the price of ETH / USD to the zone of $180 - $150.
A rise in the price of Ethereum above $240 will mean a return to the upward channel in order to increase $280 - 300.
Resistance levels: $240, $280; $300; $325; $350; $380; $400.
Support levels: $220, $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:
Ripple’s quotation broke through an important support level of $0.50. We expect the asset price to fall to $0.42— $0.38.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Reduction of the price of Ripple from the level of $0.48 and the target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of Bitcoin Cash continues to trade above $500. We predict a break-through of the top-down of $500 level and the departure price of BCH / USD to $450. Also, do not exclude quotation going to levels: $400, $350.
Resistance levels: $520; $560; $600; $650; $680; $800.
Support levels: $500; $450; $400; $380.
Forecast:
Reduction of the price of BCH / USD from $520 and a target in the area of $400 - $350.
LTC/USD
Overview:
The trend is bearish.
Current situation:
Litecoin's quotation is below $60. We expect LTC prices to drop to $46.
Resistance levels: $58; $60; $62; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
Litecoin price reduction from $58 and a target of $46.
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:
The price of Bitcoin yesterday reached $6650 and went below $6600. We still expect a price reduction to levels: $6100, $5700.
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 of asset reduction can be caused by the growth above $7400.
Resistance levels: $6500; $6800; $6900; $7200; $7400.
Support levels: $6400; $6100; $5800; $5400; $4500.
Forecast:
Reduction of the price of Bitcoin from $6500 and targets: $6100, $5700.
ETH/USD
Overview:
The global trend remains descending.
Current situation:
The price of Ethereum is still below $240, where support for the rising channel is located. We expect a decline in the price of ETH / USD to the zone of $180 - $150.
A rise in the price of Ethereum above $240 will mean a return to the upward channel in order to increase $280 - 300.
Resistance levels: $240, $280; $300; $325; $350; $380; $400.
Support levels: $220, $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:
Ripple’s quotation broke through an important support level of $0.50. We expect the asset price to fall to $0.42— $0.38.
Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.42; $0.38.
Forecast:
Reduction of the price of Ripple from the level of $0.48 and the target in the $0.42- $0.38 zone.
BCH/USD
Overview:
The trend is bearish.
Current situation:
The price of Bitcoin Cash continues to trade above $500. We predict a break-through of the top-down of $500 level and the departure price of BCH / USD to $450. Also, do not exclude quotation going to levels: $400, $350.
Resistance levels: $520; $560; $600; $650; $680; $800.
Support levels: $500; $450; $400; $380.
Forecast:
Reduction of the price of BCH / USD from $520 and a target in the area of $400 - $350.
LTC/USD
Overview:
The trend is bearish.
Current situation:
Litecoin's quotation is below $60. We expect LTC prices to drop to $46.
Resistance levels: $58; $60; $62; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.
Forecast:
Litecoin price reduction from $58 and a target of $46.