LTC/USD Daily Chart Technical Analysis
Our preference: The bias is to the upside
Alternative scenario: look to reverse on a close below support near 185
Support
The 50-day moving average at 185
Resistance
Near a downward sloping trend line at 225
Comment: Prices are attempted to form a bottom and have recaptured resistance which is now seen as support at the 50-day moving average at 185. Momentum has turned positive as the fast stochastic has generated a crossover buy signal. Momentum as reflected by the MACD is neutral as the index prints near the zero-index level with a flat trajectory.
Target: 225
Bitcoin Cash Daily Chart Technical Analysis
Our preference: The bias is to the upside as prices consolidated just above support
Alternative scenario: prices are hovering above support levels and a drop below trend line support could lead to a test of the February low.
Support
Short-term an upward sloping trend line at 940
Resistance
Resistance is the 50-day moving average at 1,290.
Comment: Bitcoin cash is consolidating and forming a bottom. A break of resistance at 1,290 would lead to a test of target resistance near the February highs at 1,644. Momentum is turning positive as the MACD (moving average convergence divergence) index is poised to generat a crossover buy signal.
Target: 1,644
Dash Daily Chart Technical Analysis
Our preference: The bias is positive as prices are hovering near trend line resistance
Alternative scenario: prices could move lower on a break below trend line support at 437 and test the February lows at 371.
Support
Trend line support at 444
Resistance
The 50-day moving average at 632
Comment: Prices are forming a bottom and are hovering just below resistance at 543. A close above resistance at a downward sloping trend line at 570. Momentum is neutral, but turning positive as the MACD histogram prints in the red with an upward sloping trajectory which points to consolidation.
Target: 770
