Bitcoin, Ethereum and Litecoin Price Analysis
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BTC/USD Daily Chart Technical Analysis
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Bitcoin prices are moving sideways unable to pierce through critical resistance.
Analysis
BTC/USD prices are consolidating and have been unable to pierce through key resistance near the 200-day moving average at 10,135. Prices on Monday slid through short term support which is now short-term resistance near the 10-day moving average at 9,432. Support is seen near the May lows at 8,990. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal, in oversold territory. The MACD is showing that positive momentum is decelerating, as the MACD histogram is printing near the zero-index level with a flat trajectory which reflects consolidation.
Up-side Target: 10,135
Down-side Target: 8,990
ETH/USD Daily Chart Technical Analysis
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Ethereum reversed course after hitting key resistance as momentum turns negative.
ETH/USD dropped on Monday for the second consecutive trading session after hitting key resistance near the 38% Fibonacci retracement at 800. Support is seen near the 10-day moving average at 719. Short-term momentum has turned negative as the fast stochastic generated a crossover sell signal in overbought territory. Positive momentum is decelerating as the MACD (moving average convergence divergence) histogram prints in the black with a declining trajectory which points to consolidation.
Up-side Target: 800
Down-side Target: 719
LTC/USD Daily Chart Technical Analysis
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LTC/USD prices are consolidating, after breaking out above trend line resistance.
LTC/USD prices are consolidating after breaking out above trend line resistance. LTC/USD is now resistance the breakout level which coincides with both the 10-day moving average, and the 200-day moving average near 159.5. Resistance is seen near the May highs at 182. Short-term momentum has also turned negative as the short-term stochastic generated a crossover sell signal in oversold territory. Positive momentum is decelerating as the MACD (moving average convergence divergence) index is printing in the black with a declining trajectory which reflects consolidation.
Up-side Target: 182
Down-side Target: 159
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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.