The largest altcoins restore the autumn losses. The end of the correction altcoins will provide opportunities to enter the markets with short positions.
XRP/USD
Session price growth Ripple to the U.S. dollar at the time of analysis of the market is 7.8%. Pair of XRP/USD is trading at $0,3156 against day high of $0,3198. After short local correction of the uptrend price of the cryptocurrency is fixed above the first key resistance of $0,3140.
Exponential moving average supports the price EMA60 Ripple in the case of a deeper correction will act as a dynamic support level in the area of prices of $0,3090.
However, the nature of price movement on smaller time frames and data technical indicators confirm the hypothesis about possible continuation of growth of pair XRP/USD at least to $0,3226 on the second key level of resistance.
Short sale Ripple are recommended for the bounce of the resistance level of $0,3226 with order $0,3170 and $0,3140.
BCH/USD
On the wave of General market rise, the price of Bitcoin Cash overcome the resistance of sellers on reversal level of short-term trend $86,60. For the full development of the upward movement, bulls need to consolidate above the resistance level of $96,00.
From the technical point of view the position of buyers in a pair of BCH/USD remains weak. Implement minimal task, the bulls will be able only with the steady growth trend in the global stock market.
Resistance the nearest resistance level increases EMA60 moving average with the current value $to 96.70.
Sale with lower risk are recommended from the level of rates $96,00 objectives $93,40 and $90,00.
LTC/USD
Since December 15, when the markets rebounded from the bottom price, the growth of Litecoin was 12.7%. At the time of the review of the market the pair LTC/USD is trading stocks at $29,30.
After the acquisition of resistance to sales at the second key level of $28,40 bulls confidently entrenched in the new positions. Session price increase of litecoin is fixed at $29,80.
The current price of litecoin in the four-hour chart has crossed upwards moving average line EMA100. Also, given the nature of price movement, we can expect that before the end of the current session, the pair LTC/USD will update the daily high and test the resistance of the bears at $at 30.30.
Short selling litecoin with short stops are recommended for the likely bounce of the resistance level of $with targets at 30.30 $29,20 $28,90.
DASH/USD
According to the exchange, cryptocurrency Kraken, 17 Dec Dash to the dollar on the trading site with the growth rates in the range of $61,97-69,79. Additional impetus to growth in the price of the cryptocurrency received after the breakout of the resistance at the level of the short-term reversal – $64,80.
At the time of analysis of the market the pair DASH/USD is quoted at $67,80. Probably in the next few hours the price of cryptocurrency will update the daily high and test resistance at the first key level of $72,25. Resistance key level increases, the moving average EMA100.
Short selling of the Dash is recommended in case of price breakout from the resistance level of $72,25 with order $69,60 $66,50.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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