Ethereum, Litecoin and Bitcoin Cash Price Analysis
The major crypto currencies are consolidating their recent gains, but their future will require additional breakouts for prices to continue their rebound. Last week, prices bounced off support levels and are testing higher ground. Riskier assets are rebounding, with equities leading the charge, but without the lead from cryptos, the broader market will remain rangebound.
Forecast
Ethereum is testing resistance levels and a break would lead prices into a new trading range.
Analysis
ETH/USD is consolidating the gains it experienced during last week. Prices have hit resistance near the downward sloping trend line that connects the highs in February to the highs in March that comes in near 530. The fast stochastic generated a crossover sell signal but is now moving sideways above the overbought trigger level of 80, which could foreshadow a correction. Positive momentum is decelerating as the MACD histogram is printing in the black with a declining trajectory which reflects consolidation. Support is seen near the 10-day moving average at 469.
Up-side Target: 530 and 588
Down-side Target: 469
Forecast
Litecoin prices are poised to break out and are fast approaching trend line resistance.
Litecoin prices are poised to break out and are approach resistance near a downward sloping trend line that connects the highs in December to the highs in February and comes in near 140. Support is seen near the 10-day moving average at 124.5. Momentum is positive as reflected by the MACD histogram which is printing in the black with an upward sloping trajectory. The fast stochastic has generated a crossover buy signal which reflects accelerating positive momentum, but the index is overbought.
Up-side Target: 140 and 160
Down-side Target: 124.5
Forecast
Bitcoin Cash is forming a bottoming pattern and poised to break out.
Bitcoin Cash prices are forming a bottom and poised to break out. Support is seen near the 10-day moving average at 0.0942. Resistance is seen near last weeks highs at 0.0983. 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.
Up-side Target: 0.0983
Down-side Target: 0.0942
ETH/USD Daily Chart Technical Analysis
Forecast
Ethereum is testing resistance levels and a break would lead prices into a new trading range.
Analysis
ETH/USD is consolidating the gains it experienced during last week. Prices have hit resistance near the downward sloping trend line that connects the highs in February to the highs in March that comes in near 530. The fast stochastic generated a crossover sell signal but is now moving sideways above the overbought trigger level of 80, which could foreshadow a correction. Positive momentum is decelerating as the MACD histogram is printing in the black with a declining trajectory which reflects consolidation. Support is seen near the 10-day moving average at 469.
Up-side Target: 530 and 588
Down-side Target: 469
LTC/USD Daily Chart Technical Analysis
Forecast
Litecoin prices are poised to break out and are fast approaching trend line resistance.
Litecoin prices are poised to break out and are approach resistance near a downward sloping trend line that connects the highs in December to the highs in February and comes in near 140. Support is seen near the 10-day moving average at 124.5. Momentum is positive as reflected by the MACD histogram which is printing in the black with an upward sloping trajectory. The fast stochastic has generated a crossover buy signal which reflects accelerating positive momentum, but the index is overbought.
Up-side Target: 140 and 160
Down-side Target: 124.5
BCH/USD Daily Chart Technical Analysis
Forecast
Bitcoin Cash is forming a bottoming pattern and poised to break out.
Bitcoin Cash prices are forming a bottom and poised to break out. Support is seen near the 10-day moving average at 0.0942. Resistance is seen near last weeks highs at 0.0983. 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.
Up-side Target: 0.0983
Down-side Target: 0.0942
Was this helpful?
0 found this helpful · 0 did not
Thanks for your feedback.
Where to trade this market
Brokers compared on regulation, platforms, and account access.
eToro Social and copy trading
4.7
FCACySECASIC
Min. deposit From $10
Spread Variable
Platform Web / App
AvaTrade Multi-asset CFD broker
4.5
CBIASICCySEC
Min. deposit $100
Spread From 0.9 pips
Platform MT4 / MT5
Plus500 CFD trading platform
4.3
FCACySECASIC
Min. deposit Varies
Spread Variable
Platform WebTrader / App
Relatedanalysis
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.