Cryptocurrency Forecast;There Is A Bottom In Place For Ethereum, XRP, and EOS

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Cryptocurrency Forecast;There Is A Bottom In Place For Ethereum, XRP, and EOS

Cryptocurrency Market Simmers, Waiting For Catalyst

With Bitcoin prices wallowing at their new support level traders are waiting for the next catalyst. The most likely culprit will be the halvening next year but that doesn’t mean that aren’t trades to be made before then.

Ethereum; Moving Up From A Bottom

Ethereum is consolidating above its short-term moving average and looking bullish. The world’s “most advanced” cryptocurrency has formed a double-bottom reversal pattern and on the verge of confirming a full reversal in price action. Resistance is just above today’s price action at the $190/$200 and likely tested at least. MACD momentum is bullish but weak, the stochastic is where the action is now. Stochastic is firing an entry signal that points to a retest of $200 and possible break to new highs. If $200 is broken a move up to $220 and $240 is likely.

Ripple, XRP, Who Cares

The folks over at Ripple say they have no control over the token that drives their blockchain but so what? XRP or Ripple it’s still a token that no one really wants to own. The coin is showing signs of a bottom here but they are weak. The coin is still well below resistance targets at the recent highs and showing bearish signals. XRP may find support at the short-term moving average and produce a bounce but I’m not counting on it. More likely, XRP will drift sideways to lower until some more substantial news comes out.

EOS, There’s A Bottom In Play Here

If you want to find a coin, token what-have-you worth trading all you have to do is look at the charts. The chart of EOS is a prime example. It is showing a much clearer indication of bottom that XRP and that tells me this is a coin people want to own. EOS hit a new low in late September, moved sideways, and then moved higher to regain the upper side of the short-term EMA. This movement can be considered a double-bottom and/or a tower-reversal due to the two long candles that formed at either side of the pattern. The caveat is the reversal is still early and weak, prices are moving higher but have not yet moved above the double-bottom baseline. The baseline is just above today’s price action near $3.50, a move above that would be very bullish. At that point I would expect to see EOS advance to $4.00 and $4.50.

Litecoin (LTC) Price Analysis: Ready For A Massive Move Up? (LTC/USD Price Today)

LTCUSD approaching support, potential bounce!

LTCUSD 0.91% is approaching our first support at 50.58 (horizontal swing low support, 61.8% Fibonacci extension , 78.6% Fibonacci retracement ) and a strong bounce might occur above this level pushing price up to our major resistance at 56.95 (horizontal overlap resistance, 61.8% Fibonacci extension , 50% Fibonacci retracement ).
Stochastic (55,5,3) is also approaching our first support and we might see a corresponding bounce in price should it bounce off this level.
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Litecoin (LTC) Price Today – LTC / USD

Name Price 24H (%)

LTC Prepping for a massive move

We have been long from $55. LTC has had this broken wedge probably for the longest period of time. We have carved a bottom out at this $50 area.

MACD has crossed to the upside and is looking to build momentum. Once we break above this $70 zone, we will be moving much higher.

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If we use Fib’s for our targts, the first target would be in the 175 zone. We’ll gauge once we break 175 to see how fast and high we go up.

Key Talking Points

  • Litecoin price is currently placed nicely above the $52.50 support level (Data feed of Kraken) against the US Dollar.
  • There is a short term contracting triangle forming with support at $52.80 on the hourly chart of the LTC/USD pair.
  • LTC price could test the $52.50 and $52.00 support levels before an upward move.

Litecoin Price Forecast

There was a nasty upward move in litecoin price above the $54.00 resistance level against the US dollar. The LTC/USD pair traded above the $56.00 resistance before sellers appeared near the $58.00 level.

Litecoin Price Pursues the $60 Level Despite Losses Against Bitcoin

A lot of cryptocurrencies have noted some strong gains over the past few hours. This is primarily because Bitcoin is firing on all cylinders during this brief bullish spell. The Litecoin price also reaps the benefits of this uptrend, as it has surpassed $55 once again. The losses against Bitcoin, however, are a bit worrisome.

Litecoin Price Trend is Promising
It is still too early to determine if this current cryptocurrency price trend will remain in place for very long. After the past hour, it seems some of the upward momentum is already coming to an end up for some altcoins. Litecoin seemed poised to gain over 10% today, yet it has already lost some of those gains in the past few minutes. At this time, there is still a 3.5% increase, which is more than respectable.

Given this small gain, it is interesting to note the LTC/BTC ratio as well. Despite a 3% setback in this department, the altcoin is still looking pretty healthy right now. This current market momentum will stand or fall based on whether or not Bitcoin’s uptrend can remain in place for a few more hours. Right now, it seems that could be the case, though nothing is ever guaranteed in crypto land.

Despite the image Litecoin has in the cryptocurrency world, it would seem Wirex users are not too interested in using this coin on the platform. More specifically, the company asked which currency Max Meilleur should use for his first card-based purchase. Options include LTC, BTC, XRP, and Ethereum. So far, the people want to see XRP being used for debit card transactions, which is a remarkable sentiment.

TRXETH

Predictions and Analysis

Everything is on the chart. It cannot be more clear. I even suspect there some sort of painting going on where they intentionally make the chart look like this because it is so close to Wyckoff Accumulation Schematic #2. Do you not get chills when looking at this? Tron is one of those coins that has a very bad reputation, because of the pump and dump movement.

Watching TRX for a breakout here, looking for entry at 380

Good morning, as Im little busy today will give you quick Idea. Next couple hours TRX Dex exchange will be launched, I think we will see a little pop at that time, 396- 505-415 satoshi maximum what is possible. But if not, just short break down of the wedge I pointed for you. In this market we saw all great project like GVT and many others dumping hard after.

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