Analysis Editor's Picks

XRP, BCH, LTC: technical analysis and forecast of the course for 3-4 December 2018

After the current short-term correction, December 4, is expected to further decrease prices of altcoins in the direction of the November lows.

XRP/USD

At the time of the review of the market price of Ripple has reached a new session low at $0,3498 on the first key level of support. The current exchange rate of the cryptocurrency downtrend.

In case of breaking the support level at $0,3518, the bears will open the scope for decline in the area of prices of $0,3370 at the next key level.

3 декабря XRPUSD H4
3 Dec XRPUSD H4

The pressure on the pair XRP/USD has moving average with a short period and with the current value at $0,3650 – EMA14.

The RSI14 indicator values indicate oversold Ripple in the four-hour trading period. The indicator line has changed the direction to horizontal, which indicates that the growth of cryptocurrencies and the containment pressure bears on the key support level of $0,3518.

Sale Ripple recommended only on a break of the support with order $0,3460 and $0,3372.

BCH/USD

The price of Bitcoin Cash in the ongoing bidding, the bulls failed to hold the first key support level of $164,50. On the background of General market decline, the pair BCH/USD hits fresh session low at $155,28.

Temporary support price of scriptactive the buyers had a key level of $155,60. However, given the low volumes with which the support level is redeemed, the cryptocurrency, we should expect further declines BCH/USD.

3 декабря BCHUSD H4
3 Dec BCHUSD H4

The intermediate slowing of sales, the BCH will probably happen only on a psychological level prices of $150.00.

Thus, in the case of confirmation of breakdown of the support price at $155,60, it is recommended to open short positions at the BCH/USD with targets of $150.00/$144,00/$141,00.

LTC/USD

The percentage of session loss Litecoin highest among the ten largest crypto-currencies. Holding the price above the pivot level $of 33.15 in the early afternoon, the bulls could not resist under the pressure of short-term sales.

In the ongoing auction, the minimum price is fixed at $30,10, above the first key support level of $30,00. The technical indicators pointing to a downtrend LTC/USD.

3 декабря LTCUSD H4
3 Dec LTCUSD H4

The values of RSI7 indicator is in the oversold, but the direction of the line of the indicator and the price movement above the support level give the start signal short term price of litecoin. The possible correctional growth of quotations of the pair LTC/USD to the local resistance level of $31,60.

Price breakout from the above mentioned level will open the opportunity for short-term sales Litecoin with targets of $31 and 30/$30 and 50/$at 30.30.

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

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