Bitcoin, Litecoin and Bitcoin Cash Price Analysis

BTC/USD Daily Chart Technical Analysis

btc-technical-analysis

Forecast

Bitcoin is forming a bull flag pattern which is a pause that refreshes after a breakout.

Analysis

BTC/USD traded through trend line resistance and is forming a bull flag pattern which is a pause that refreshes higher. Prices are poised to test resistance near the 9,195 highs.  A close above this level would be a signal to buy. Support on BTC is seen near the 10-day moving average at 8,420. Momentum as reflected by the MACD is positive as the MACD (moving average convergence divergence) histogram is printing in the black with and upward sloping trajectory. The fast stochastic is also reflecting positive momentum with a crossover buy signal but the current reading of 94 is above the overbought trigger level of 80 and could foreshadow a correction.

Up-side Target:       9,195

Down-side Target: 8,420

LTC/USD Daily Chart Technical Analysis

ltc-technical-analysis

Forecast

Litecoin prices are consolidating and are forming a bull flag continuation pattern.

Litecoin prices are poised to break and are forming a bull flag pattern which is a pause that refreshes higher.  Support is seen near the 10-day moving average at 140.90. Momentum is positive as reflected by the MACD histogram which is printing in the black with an upward sloping trajectory. The fast stochastic has surged higher reflecting accelerating positive momentum, but the current reading of 94, is above the overbought trigger level of 80 and could foreshadow a correction.

Up-side Target:       157

Down-side Target:  140.90

BCH/USD Daily Chart Technical Analysis

Forecast

Bitcoin Cash is breaking out to fresh highs and poised to continue to climb.

Bitcoin Cash prices are breaking out and poised to test the February highs near 1,654. Support is seen near the 10-day moving average at 977.9.  Momentum is positive as the MACD (moving average convergence divergence) histogram prints in the black with an upward sloping trajectory which points to higher prices. The fast stochastic is also surging but printing a reading of 92.7 above the overbought trigger level of 80 which could foreshadow a correction.

Up-side Target:       1,654

Down-side Target: 977.9

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