Trend Analysis: BTC ETH XRP BCH LTC

2018年9月19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:
Bitcoin quotation yesterday tested the level of $6400 from the bottom-up and currently trades lower. Correction may still continue up to the $6750- $6800 zone. But for this, buyers need to overcome the level of $6400.

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

Forecast:
Reducing the price of BTC / USD from current values and the target near the $6100 mark. We do not recommend buying.

ETH/USD
Overview:
The global trend remains descending.

Current situation:
Ethereum is trading near the $200 mark. If the price can go above $220, then the upward correction will continue to the level of $240. If the quotation hits the level of $200, then the target of the decline will be the level of $150.

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

Forecast:
Decrease in the price of ETH/USD from the level of $200. The goal of the reduction is $150.

XRP/USD
Overview :
The downtrend.

Current situation:
Without changes. We expect the price to fall to $0.20 - $0.15.

Resistance levels: $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:
Reduction of the price of Ripple from the level of $0.32 and the target in the $0.20 - $0.15 zone.

BCH/USD
Overview:
The downtrend.

Current situation:
Bitcoin Cash quotation is traded below the $440 support level of the uptrend. We expect the price of BCH/USD to fall to levels of 400, 385.
If BCH/USD buyers purchase the quotation above $440, then in this case we forecast the continuation of the Bitcoin Cash price increase within the limits of correction up to the $500- $510 zone.

Resistance levels: $440; $460; $500; $520; $555; $600; $650; $680; $800.
Support levels: $400; $380.

Forecast:
The BCH price lowering to levels: $400; $380.

LTC/USD
Overview:
The downtrend.

Current situation:
We expect a further decline in the price of Litecoin to $46. The cancelation of the short scenario is a price increase above the $56 level.

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

Forecast:
The price decline from current values with the target near the level of $46.