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

By:

Published: Sep 13, 2018, 08:53 UTC

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

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

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.