In the course of trading on 3 December on the markets of the leading alternative cryptocurrency has intensified the bearish trend on the backdrop of the inability of bitcoin to overcome the key resistance level. A sharp decline in the price of the largest cryptocurrencies will lead to a stronger drop in the price of altcoins.
XRP/USD
Testing resistance at the weekly pivot of $0,3957 confirmed the presence of large volumes for sale Ripple marked above the key level.
At the time of the review of the market the pair XRP/USD on a dynamic support level $0,3713 formed by the buyers of cryptocurrency on the line of the moving average EMA200.
The direction of trade in the Ripple next 24 hours will depend mainly on changes in the market of bitcoin.
Data of the relative strength index indicates the relative balance of forces of sellers and buyers of XRP. RSI14 value in a neutral region, the indicator line directed horizontally at the neutral level with a trend reversal up.
Recommended buy Ripple on the rebound from a dynamic support level $0,3713 with order $0,3820 and $0,3890.
BCH/USD
At the time of the review of the Bitcoin market Cash is trading at $161,60 with lower quotations from a session’s high price at $175,00.
The bulls on the market BCH failed to fix the price of scriptactive above the level of a trend reversal $171,70. Analysis of the four-hour schedule BCH/USD shows that a significant volume of sales bears formed in the range of $171,00-177,00.
Bears for achieving immediate objectives at $152,50 enough to break support on test at the moment the price level. Buyers in cryptocurrency of an upward price movement is required to break the resistance of sales in the range of $171,00-177,00.
Are recommended in tandem BCH/USD current price with targets of $152,50 $146,00.
LTC/USD
During the American period of the current session, the bears broke through the price support litecoin at the level of a trend reversal $32,90. At the time of the review of the market the pair LTC/USD is trading at $31,00 in the area of dynamic level of support at EMA200 line.
In that case, if the sellers will absorb the volumes of purchase at the designated level of support, even before the completion of the current bidders they are targeting support prices in the range of $30,00-29,50.
These technical indicators indicate a situational advantage sellers in the market of litecoin. The value of the index relative strength in sales, the indicator line directed downwards to cross the border with the overbought.
Sale in a pair LTC/USD are recommended from the current price levels with objectives $of 30.44 and $30,00.
DASH/USD
Since the opening of trading on the Dash on 3 January the price of the cryptocurrency is steadily declining. At the time of the review of the market the pair DASH/USD is quoted at $79,40 against its session high at $84,85.
The analysis of the four-hour chart the pair DASH/USD shows strong resistance to the growth of cryptocurrency sellers formed the approaches to the pivot $is 85.90, the dynamic level line of the moving average EMA200 with a value at the time about the breakdown – $84,30.
It is expected that temporary support to prices scriptactive bulls confirmed in the range of $78,20-of 76.80. In the case of breakdown of support within the designated range the sellers Dash with a high probability to achieve the goals on the first key support level of $74,50.
Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.
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