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

By:
Yaron Mazor
Published: Sep 13, 2018, 08:53 GMT+00:00

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

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
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
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
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
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
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 

About the Author

Yaron Mazorcontributor

Yaron has been involved with the capital markets since 1998. During the past 16 years, Yaron has been a day and swing stocks trader in the American market. Yaron has founded and made successful investments into businesses spanning exciting industries – from apparel to restaurants and bars, to high tech, medical technology, and education.

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