{[{item.pair.split("_")[0]}]} ${[{item.price.toFixed(4)}]}

{[{item.change24}]}%

{[{item.change24}]}%

Ethereum, Litecoin and Bitcoin Cash Price Analysis

news_img

April 17, 2018 | 

Joanna Newman |  0 Comments| 

845 Views

Share:

Get Into Cryptocurrency Trading Today

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.

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

Buy & Sell Cryptocurrency Instantly

COMMENTS

0 Comments

Like this article

CREATE ACCOUNT

LIVE RATES

All COINS

TRENDING

Market Cap {[{ marketcap }]}

Symbol

Price

Change

Chart

Trade

{[{ item.pair.split('_')[0] }]}

${[{ item.price }]}

{[{ item.change24 }]}

{[{ item.change24 }]}

TRADE

Showing {[{ showing }]}

Market Cap {[{ marketcap }]}

Symbol

Price

Change

Chart

Trade

{[{ item.pair.split('_')[0] }]}

${[{ item.price }]}

{[{ item.change24 }]}

{[{ item.change24 }]}

TRADE

Showing {[{ showing_trend }]}

WHAT'S NEW

NEWS

REVIEWS

BROKERS

WALLET