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XRP, BCH, LTC: technical analysis and course forecast for February 15-16, 2019

During the trading session on February 15, the pressure of bears in the altcoin markets increased significantly.

XRP / USD

In the early hours of the US trading period, bears in the Ripple market broke through price support at $ 0.3055, above which the coin was held for the last 7 days. Session minimum price cryptocurrency fixed at around $ 0.3033.

At the time of the market review, the XRP / USD is quoted at $ 0.3044. The quotes of the pair are under pressure from the moving average EMA30 with the current value of $ 0.3077.

February 15 XRPUSD H4
February 15 XRPUSD H4

The relative strength index data points to the advantage of Ripple sellers: since February 11, the indicator values are in the sales area, currently the RSI14 line is down.

In the event that the daily session closes below $ 0.3055, sellers will increase the pressure on the price of the coin and, probably, before the end of the week, they will achieve their goals at a key support level of $ 0.2975.

BCH / USD

At the Bitcoin Cash trading on February 15, cryptocurrency sellers reached $ 119.20 at the local support level. Testing of resistance confirmed a high concentration of volumes on sales above the weekly pivot $ 122.30.

Analysis of the four-hour chart shows that the main support for the cryptoactive asset is at the level of $ 118.00. A breakdown of support at the designated level will give the bears room to lower the quotes of the BCH / USD pair to the first key level S1- $ 114.20.

February 15, BCHUSD H4
February 15, BCHUSD H4

The nature of the movement of the Bitcoin Cash price indicates a situational advantage of sellers, however, given the relative strength index data for the period from February 13, it is assumed that bulls will keep the coin price in the range of $ 118.00-122.00 until the end of the week.

LTC / USD

At the time of the market review, lightcoin is trading at $ 42.33, below the weekly level of the trend reversal at $ 43.10. The short-term price spike reached $ 45.49 at the local resistance level. Testing sales resistance confirms bears' readiness to defend their positions at $ 43.10.

February 15 LTCUSD H4
February 15 LTCUSD H4

The LTC / USD pair is supported by the EMA100 moving average with the current value on the four-hour chart price scale of $ 39.26. It is expected that in the event of a breakdown of the support level of $ 41.50 that is closest to the current price, the bulls will stop reducing the price of lightcoin only on the EMA100 line.

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

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