Trend Analysis: BTC ETH XRP BCH LTC

14 Eyl 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.
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 has exited the uptrend and is trading near the $6400 mark. If the price of BTC/USD goes below this level, then we expect the quotation to drop to $6100. We still expect the continued growth of Bitcoin's price to the $6750- $6800 zone.

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

Forecast:
The rise in Bitcoin's price from current values to the $6750 - $6800 area. We do not recommend buying.

ETH/USD
Overview:
The global trend remains descending.

Current situation:
The Ethereum quotation has reached the level of $220 and has gone below to the level of $200. We expect the price to continue to increase to the $240- $250 zone. If buyers can not keep the price of ETH/USD above $200, then the quotation is likely to leave its lows near the $150 level.

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

Forecast:
The increase in the price of Ethereum from the level of $200 and the target in the $240 - $250 zone.

XRP/USD
Overview:
Downtrend.

Current situation:
If the buyers get to fix above the level of $0.27, then the growth will continue to the $0.30- $0.31 zone. Otherwise, we expect the price of XRP/USD to continue falling to the level of $0.20.

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

Forecast:
The increase in the price of XRP/USD from the level of $0.27 and the target in the $0.30- $0.31 zone.

BCH/USD
Overview:
The trend is bearish.

Current situation:
Bitcoin Cash price trades near the level of $440, if the price goes below this level, then we predict a price decline to the level of $400.

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

Forecast:
The increase in the price of BCH/USD from the level of $440 and the target near the level of $500.

LTC/USD
Overview:
The trend is bearish.

Current situation:
The Litecoin price is trading below $54. In case the price is fixed below $53, we will expect the price to continue falling to the $47- $46 zone.

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

Forecast:
The increase in the Litecoin price from the level of $54 and the target near the level of $58.