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XRP, BCH, LTC: technical analysis and forecast of exchange rate on November 6, 2018

From November 6, after rapid growth in most markets, altcoins are in a phase of correction. On the local minima of the prices that you find the points for consolidation of open long positions.

XRP/USD

Market Ripple got support on news about the grid expansion plans in the UAE. In this session the bulls overcame the resistance of the sales at the level of a trend reversal $0,4795.

Daily high price November 5, fixed at around $0,4978. The resistance increase of the pair XRP/USD bears have formed the dynamic level line of the moving average EMA200 with the current value of $0,4976.

5 ноября XRPUSD H4
5 Nov XRPUSD H4

At the time of analysis of the market Ripple got support at the local level $0,4890. In case of deepening of correction of the upward movement, the next level, where buyers aktiviziruyutsya – $0,4780.

Data of the relative strength index indicates situational advantage bulls. It is expected that after short-term correction, buyers are once again attempts to break up the resistance level prices are $0,4976.

Recommended buy Ripple from the support level of $0,4780 with order $0,4890 and $0,5050.

BCH/USD

The result of a three-day rally Bitcoin Cash became occupied by the bulls price range above the key resistance level of $553. In this session price BCH adjusted in the range of $584-542.

At the time of the market review Bitcoin Cash is listed at $559. Buyers managed to regain control of a key support level.

5 ноября BCHUSD H4
5 Nov BCHUSD H4

In that case, if the bulls manage to consolidate above $553, a pair of BCH/USD, probably before the end of this week will be traded in the sideways channel with the borders of $553 and $590.

Recommended buy BCH on the bounce of the price from the support level of $553 with targets of $573 and $590.

LTC/USD

The rise of litecoin November 5, was limited to the sellers at the level of the moving average line EMA60 with the current value of $56,70.

Not having sufficient support of the market, the bulls are only at the level of a trend reversal stopped the rollback of the quotes from the local maximum of $56,36.

5 ноября LTCUSD H4
5 Nov LTCUSD H4

In the short term, the pair LTC/USD will depend on the outcome of the struggle of parties at the auction on lidoine for the key level of $53,40. There is a high probability that the bulls will hold the above level, and the pair LTC/USD for some time to trade in a sideways channel $56,00-53,00.

Buying LTC/USD are recommended from the level of rates $53,40 with order $54,80 $56,50.

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

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