Bitcoin, Bitcoin Cash and Litecoin Price Analysis

BTC/USD Daily Chart Technical Analysis

btc-analysis

Forecast

Traders took profits on most crypto currencies on Wednesday, but the trend is still upward.

Analysis

BTC/USD ran into resistance near the 200-day moving average at 9,894, which coincides with a downward sloping trend line.  Prices have edged back and will likely test short-term support near the 10-day moving average at which could be a buying opportunity at 8,657. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal in overbought territory which points to accelerating negative momentum.

Up-side Target:       9,894

Down-side Target: 8,657

BCC/USD Daily Chart Technical Analysis

bcc-analysis

Forecast

Profit taking on BCC occurred near the February highs sending prices lower.

BCC/USD moved lower on Wednesday after running into resistance on Tuesday near the February highs at 1,669.  Support is seen near the 10-day moving average at 1,098. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal in overbought territory which points to accelerating negative momentum.

Up-side Target:       1,669

Down-side Target:  1,098

LTC/USD Daily Chart Technical Analysis

ltc-analysis

Forecast

Litecoin prices reversed course forming an outside day reversal and will likely test target support level.

LTC/USD reversed course on Wednesday after recapturing the 200-day moving average on Tuesday.  The reversal back through the 200-day moving average makes this level short-term support near 154.40. Support is seen near the 10-day moving average at 146.25. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal in overbought territory which points to accelerating negative momentum.

Up-side Target:       154.5

Down-side Target: 146.5

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