FXEMPIRE
All

Bitcoin, Bitcoin Cash, Ethereum, XRP and Litecoin Price Analysis

Yaron Mazor
cryptos price analysis

Bitcoin price analysis

Bitcoin (BTC/USD) is trading above its key mid and long-term support level. The downtrend will remain intact upon a break below the 5,800. On the upside, a break above 7,430 could indicate a direction change.

Bitcoin Daily Chart

Support levels:

  • Week:            6,200
  • Strong:          6,000
  • Key:                5,800

Resistance levels:

  • Week:            6,600
  • Strong:          6,800
  • Key:                7,430

Average prices:

  • Month:         6,746             
  • Quarter:       6,841
  • Year:              8,344

Bitcoin Cash price analysis

Bitcoin Cash (BCH/USD) is heading to its 2017 heavy trading activity levels between 400 and 350. Currently, the downside reigns.

Bitcoin Cash 4H Chart

Support levels: 

  • Week:            400                
  • Strong:          350
  • Key:                280 

Resistance levels:

  • Week:            460                
  • Strong:          520
  • Key:                650
  •  

Average prices:

  • Month:         530.73          
  • Quarter:       595.74
  • Year:          1,052.95

Ethereum price analysis

Ethereum (ETH/USD) has not been able to recover and keeps on digging new lows for the year. July 2017 low, around 136 is getting closer.

Ethereum 4H Chart

Support levels: 

  • Week:            170    
  • Strong:          136
  • Key:                100

Resistance levels:

  • Week:            210                
  • Strong:          240
  • Key:                300

Average prices: 

  • Month:         250.44                      
  • Quarter:       313.80
  • Year:              608.33 

Litecoin price analysis  

Litecoin (LTC/USD) is trying to hold water above the 50 mark, which serves as a short-term key support level. A break below the current support could ignite downward momentum towards the 2017 heavy trading activity region between 45 and 35.

Litecoin 4H Chart

Support levels:

  • Week:            45                  
  • Strong:          40
  • Key:                35

Resistance levels:

  • Week:            56                  
  • Strong:          64
  • Key:                70 

Average prices:

  • Month:         58.85
  • Quarter:       61.47
  • Year:           129.41

XRP price analysis

XRP (XRP/USD) is trading around a significantly low-price level slightly above the 0.246, the year low. With no positive catalyst, the downtrend should remain in place.

XRP 4H Chart

Support levels: 

  • Week:            0.246            
  • Strong:          0.20
  • Key:                0.129

Resistance levels: 

  • Week:            0.28               
  • Strong:          0.31
  • Key:                0.36

Average prices:

  • Month:         0.311            
  • Quarter:       0.345
  • Year:              0.721 

*Any views and opinions presented in this section only reflect the author’s private opinion and should not be considered as guidance for trading.

This article was written by Yaron Mazor, a senior analyst at DX.Exchange 

Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All
IMPORTANT DISCLAIMERS
The content provided on the website includes general news and publications, our personal analysis and opinions, and contents provided by third parties, which are intended for educational and research purposes only. It does not constitute, and should not be read as, any recommendation or advice to take any action whatsoever, including to make any investment or buy any product. When making any financial decision, you should perform your own due diligence checks, apply your own discretion and consult your competent advisors. The content of the website is not personally directed to you, and we does not take into account your financial situation or needs.The information contained in this website is not necessarily provided in real-time nor is it necessarily accurate. Prices provided herein may be provided by market makers and not by exchanges.Any trading or other financial decision you make shall be at your full responsibility, and you must not rely on any information provided through the website. FX Empire does not provide any warranty regarding any of the information contained in the website, and shall bear no responsibility for any trading losses you might incur as a result of using any information contained in the website.The website may include advertisements and other promotional contents, and FX Empire may receive compensation from third parties in connection with the content. FX Empire does not endorse any third party or recommends using any third party's services, and does not assume responsibility for your use of any such third party's website or services.FX Empire and its employees, officers, subsidiaries and associates, are not liable nor shall they be held liable for any loss or damage resulting from your use of the website or reliance on the information provided on this website.
RISK DISCLAIMER
This website includes information about cryptocurrencies, contracts for difference (CFDs) and other financial instruments, and about brokers, exchanges and other entities trading in such instruments. Both cryptocurrencies and CFDs are complex instruments and come with a high risk of losing money. You should carefully consider whether you understand how these instruments work and whether you can afford to take the high risk of losing your money.FX Empire encourages you to perform your own research before making any investment decision, and to avoid investing in any financial instrument which you do not fully understand how it works and what are the risks involved.
FOLLOW US