Bitcoin, Bitcoin Cash and Litecoin Price Analysis
BTC/USD Daily Chart Technical 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: 8,657BCC/USD Daily Chart Technical 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: 1,098LTC/USD Daily Chart Technical 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: 146.5Was this helpful?
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Disclaimer. This content is for informational and educational purposes only. It does not constitute financial advice, a recommendation, or an offer to buy or sell any security or digital asset. Past performance does not guarantee future results. Cryptocurrency investments are subject to high market risk and volatility.


