Analysis Editor's Picks

XRP, BCH, LTC, Dash: technical analysis and forecast rate on 12-13 January 2019

In the second half of the current session on the prices of altcoins increased the bearish pressure.

XRP/USD

At the time of market analysis Ripple is quoted at $0,3362 in a narrowing price range. The upper limit of the resistance is generated by the sellers of scriptactive of the moving average line EMA14 with the current value of $0,3416.

Support for the pair is marked at the local level $0,3322. The price movement Ripple in the course of trading on the cryptocurrency on January 11-12 indicates a significant advantage sellers. Hidden bearish divergence on the four-hour chart XRP/USD with a RSI14 indicator gives an additional signal for the coming decrease in quotations.

12 января XRPUSD H4
12 Jan XRPUSD H4

Sale Ripple are recommended for the bounce of the price off a dynamic resistance level in the area of prices of $0,3434 with order $0,3300/$0,3242/$0,3180. To protect the open short positions should orders not below the level of the price correction of 61.8%-$0,3547.

BCH/USD

At the opening of the current trading session, the Bitcoin Cash buyers managed to break through the resistance level sales price correction of 61.8%-$of 133.90. A significant advantage of the session sales grew a pair BCH/USD met the dynamic level line EMA14 with the current value of $135,50.

12 января BCHUSD H4
12 Jan BCHUSD H4

At the time of the market review BCH is listed at $133,25. The trading range narrows, the bearish pressure on the price of scriptactive still dominant, and there is a high probability that by the end of day trading sellers to test support at the level of the local minima rates from January 10 – $126,80.

Short selling Bitcoin Cash are recommended from the level of $132,40 with order $129,80/$127,00/$124,40.

LTC/USD

At the time of the market review litecoin to US dollar traded at $32,67. The bulls, after a strong decline in the prices of cryptocurrencies, on 10 January, managed to keep the price is above the level of correction 50,0%-$32,54.

However, the nature of price movement data and technical indicators point to a steadily increasing pressure on the price of litecoin. The current price is below the moving average with a short period EMA14, the values of relative strength index out of the oversold area, but the line RSI14 is directed horizontally with a tendency to turn down.

12 января LTCUSD H4
12 Jan LTCUSD H4

Sale of litecoin is recommended on the break of the support prices, the level of correction 50,0%-$32,54. Target for short positions– $32,00/$31,60/$31,20.

DASH/USD

Pressure sales January 10, Dash the price was dropped below the level of the price correction of 61.8%-$74,23. The minimum was recorded at two – week price – $69,75.

At the time of the review of the market the pair DASH/USD is trading at $72,68. Pressure on the price of the cryptocurrency has EMA14 moving average with the current value of $73,84.

12 января DASHUSD H4
12 Jan DASHUSD H4

Values of relative strength index held in the oversold and a reversal of the RSI down from the border of the oversold area will give a signal to start active sales of the cryptocurrency.

Trading recommendations are not a reference to action. Following the recommendations, you assume all associated risk of loss.

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