Analysis Editor's Picks

XRP, BCH, LTC: technical analysis and course forecast for February 8-9, 2019

In the markets of alternative cryptocurrencies during the current session, there was a strong increase in prices.


At the time of the market review, Ripple is trading at $ 0.3198 with a daily price increase of 8.50%. The session maximum of altcoin price is fixed at $ 0.3259.

On the four-hour chart, the EMA60 moving average with the current value of $ 0.3050 provides support for the XRP / USD pair. At around $ 0.3113, the XRP / USD pair has overcome the resistance level of the reversal of the short-term trend.

February 8 XRPUSD H4
February 8 XRPUSD H4

An analysis of the four-hour chart of the pair shows that to achieve the goals at the first key support level, bulls need to overcome sales resistance in the range of $ 0.3180-0.3280.

The relative strength index data confirms the situational advantage of buyers in the Stellar short-term market: the indicator value is high in the area of purchases, the RSI line is directed upward to the border with the overbought area.


At the time of the analysis of the market, Bitcoin Cash is trading at $ 128.12 against the opening price of the current session of $ 114.10. Daily growth of a pair of BCH / USD is + 12.30%.

On a strong upward momentum, the bulls overcame key resistance levels of $ 120.60 and $ 124.40 without difficulty. Given the nature of the price movement, we should expect that in the coming hours, buyers will test resistance at a key level of $ 130.60.

February 8, BCHUSD H4
February 8, BCHUSD H4

A bitcoin cash price correction is very likely from the indicated level, with quotations dropping to at least $ 124.40 at the second key support level.

Bitcoin Cash purchases paired with the US dollar are recommended from the support level of $ 124.40 with targets of $ 128.00 and $ 130.50.


At the time of the market review, lightcoin is trading at $ 43.06, with quotes rising by + 28.00%, above the second key resistance level of $ 42.37. It is expected that the strong resistance of the LTC / USD pair will meet at the key level of $ 47.20.

The value of the relative strength index is in the oversold area, the indicator line is directed upwards, which indicates the advantage of the bulls in the short-term trading period.

February 8 LTCUSD 1D
February 8 LTCUSD 1D

LTC / USD sales are recommended at a price rebound from the key resistance level of $ 47.20 with targets of $ 45.00 and $ 43.00.

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


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