Bitcoin, Ethereum and Litcoin Price Analysis
BTC/USD Daily Chart Technical Analysis
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BTC/USD rebounded from session lows, but momentum has turned negative.
Analysis
BTC prices rebounded from session lows above support near the May lows at 8,831. Resistance is seen near the 10-day moving average at 9,401. Prices has slide back to a breakout trend line which is also seen as support. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. The MACD histogram is printing in the red with a downward sloping trajectory which points to a lower exchange rate.
Up-side Target: 9,401
Down-side Target: 8,831
ETH/USD Daily Chart Technical Analysis
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Ethereum rebounded from session lows moving up to resistance as momentum turns negative.
ETH/USD rebounded from session lows up to resistance near the 10-day moving average at 742. Support is seen near the 200-day moving average at 666. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. The MACD histogram is printing in the red with a downward sloping trajectory which points to a lower exchange rate. The fast stochastic is moving lower after recently generated a crossover sell signal which points to accelerating negative momentum.
Up-side Target: 742
Down-side Target: 666
LTC/USD Daily Chart Technical Analysis
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LTC/USD rebounded from session lows up to resistance near the 10-day moving average at 160.5. Support is seen near the May lows at 142. Momentum has turned negative as the MACD (moving average convergence divergence) index generated a crossover sell signal. The MACD histogram is printing in the red with a downward sloping trajectory which points to a lower exchange rate. The fast stochastic is moving lower after recently generated a crossover sell signal which points to accelerating negative momentum.
Up-side Target: 160.5
Down-side Target: 142
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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.