Bitcoin, Ethereum and Litecoin Price Analysis

BTC/USD Daily Chart Technical Analysis

btc-analysis

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BTC/USD broke down and is consolidating above support.

Analysis

BTC broke down after trading in a tight range from nearly 4-weeks. Support is seen near the February lows at 5,822. Resistance is seen near the 10-day moving average at 8,660. Momentum has turned negative as the MACD (moving average convergence divergence) generated a crossover sell signal which points to higher prices. The fast stochastic continues to move lower which reflects accelerating negative momentum.

Up-side Target:       8,660

Down-side Target:  5,822

ETH/USD Daily Chart Technical Analysis

eth-analysis

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ETH/USD moved lower breaking down as momentum turns negative.

ETH/USD consolidated on Monday after breaking down last week. Prices are poised to test support which is seen near the May lows at 510. Resistance is seen near the 10-day moving average at 587. Momentum has turned negative as the MACD (moving average convergence divergence) generated a crossover sell signal which points to lower prices. The fast stochastic continues to move lower after recently generated a crossover sell signal in oversold territory which reflects accelerating negative momentum.

Up-side Target:       587

Down-side Target:  510

LTC/USD Daily Chart Technical Analysis

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LTC is trading under pressure after breaking down on

LTC/USD is under pressure after breaking down on Friday. Resistance is seen near the 10-day moving average at 118.47. Support is seen near the February lows of 100. Momentum has turned negative as the MACD generated a crossover sell signal which points to lower prices. The MACD histogram is printing in the red with an downward sloping trajectory which points to lower prices.

Up-side Target:       118.47

Down-side Target: 100.00

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