Trend Analysis: BTC ETH XRP BCH LTC

2018年8月29日

BTC/USD
Overview:
The Bitcoin trend remains descending. All the highs and lows of the price have a decreasing trend, which is typical for the bear market.

Current situation:
The price is trading above $7000. We expect further growth of the price to the targets: $7200, $7500. Levels of possible price rollback: $6800, $6600. Cancellation of a long signal is the price going below the level of 6600.

Resistance levels: $7200; $7500, $7800.
Support levels: $6350; $6100; $5800; $5400; $4500

Forecast:
The increase in Bitcoin's price from the level of $7000 and the targets: $7200, $7500.

ETH/USD
Overview: The global trend remains descending.

Current situation:
The price of the Ethereum continues its growth, on the way of growth the main levels of resistance are the marks: $320, $340, $360. Cancellation of the scenario is the price going below $270.

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

Forecast:
The continuation of the growth of the price of the Ethereum from the level of $290 and the target in the $350- $380 zone.

XRP/USD
Overview:
Downtrend.

Current situation:
We expect the price of XRP/USD to continue to increase to $0.38- $0.42. The cancellation of the forecast is the withdrawal of the price below $0.32.

Resistance levels: $0,36; $0,38; $0,40; $0,44; $0,47; $0,52; $0,54.
Support levels: $0,30; $0,28; $0,24; $0,22.

Forecast:
Ripple price rising upwards to $0.38- $0.42.

BCH/USD
Overview:
Trend is bearish.

Current situation:
Bitcoin Cash is traded in the growth channel. The resistance of this channel is located in the zone 650-680. We expect the price to continue to increase to the $650- $680 zone. Cancellation of the signal is the price going below $530.

Resistance levels: $585; $600; $620; $650; $680.
Support levels: $500; $470; $450; $400.

Forecast:
The rise of the Bitcoin Cash price to $680.

LTC/USD
Overview:
Trend is bearish.

Current situation:
The Litecoin quotation is trading above the level of $62. We expect further price growth to the $65- $72 zone. Canceling the long-term scenario is the price going below $55.

Resistance levels: $62; $65; $67; $72; $75.
Support levels: $55; $50; $46.

Forecast:
Continuation of the growth of the price of Litecoin to the $65- $72 zone.