Trend Analysis: BTC ETH XRP BCH LTC

2018年9月16日

BTC/USD
Overview:
The trend for Bitcoin 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:
We forecast growth of the Bitcoin quotation to the $6750- $6800 zone.
If Bitcoin's price breaks the level of $6400 and is fixed below, then the upward correction is canceled. In this case, we expect the price of BTC/USD to fall to $5800- $5700.

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:
Ethereum is trading above $200, the chance of correction upwards to the level of $250 remains in force.
The price of Ethereum going below $200 will mean canceling the correction upwards. In this case, we will wait for the price of ETH/USD near the level of $150.

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 $220 and the target in the $240 - $250 zone.

XRP/USD
Overview:
The downtrend.

Current situation:
Buyers of XRP/USD are able to keep the quotation above $0.27. We still expect the asset to be adjusted upwards to the $0.30- $0.31 zone. After the end of the correction, we predict a decline in the price of Ripple to the zone of $0.20 - $0.15.

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 $0.28 and the target in the $0.30- $0.31 zone.

BCH/USD
Overview:
The trend is bearish

Current situation:
Bitcoin Cash price traded near the level of $440. If the buyers do not manage to keep the price above $440, the decline will continue to $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 in the $500 - $510 zone.

LTC/USD
Overview:
The trend is bearish.

Current situation:
We expect the growth of the asset to levels: $60, $62. The price of Litecoin will fall below the level of $54, then we will sell LTCUSD. The target of the asset reduction is $46.

Resistance levels: $58; $60; $58; $65; $68; $72; $75.
Support levels: $54; $50; $49; $46.

Forecast:
The rise in the price of Litecoin from the level of $56 and the target near the level of $60.