Analysis Editor's Picks

XRP, BCH, LTC: technical analysis and forecast rate for 25 and 26 Dec 2018

Technical studies indicate the likelihood of a new wave of sales in the markets of altcoins in the period of the trading session on 25-26 December.

XRP/USD

At the time of the review market Ripple listed for $0,3830. After a break of support price level of $0,4030 pair XRP/USD has found temporary support only at the level price of $0,3770.

The nature of the price movement of a currency pair, a large part of the day’s session indicates a strengthening of bearish sentiment in the market Ripple. There is a high probability of a breakthrough marked level of support with the reduction of price to the pivot with the mark on the price scale, the four-hour schedule $0,3588.

25 декабря XRPUSD H4
25 Dec XRPUSD H4

It is expected that on reversal level, the bulls will buy the cryptocurrency of large volumes that will help to reduce the pressure of sellers, and to restore the Ripple rate within a horizontal range of $0,3580-0,3900.

Still recommended for short-term sale in a pair XRP/USD. C the lowest-risk entry into the market with short positions possible Ripple on the price breakout from the daily resistance level of $0,3900 with order $0,3830 and $0,3790.

BCH/USD

In the previous market review BCH, we assumed that breakthrough one of the boundaries of the price channel $200-180 will determine further direction.

At the moment Bitcoin is trading Cash for $162 after breaking the lower border of the range on strong down momentum. Attempts of the bulls to recover the price above the key pivot level of $169 met with strong resistance sales.

25 декабря BCHUSD H4
25 Dec BCHUSD H4

Temporary support to prices BCH bulls formed at the dynamic level, $152,00 of the moving average line EMA100.

The values of the RSI14 indicator, since short-term stabilization of prices of the Bitcoin Cash in the range of $169-152 are in sales. The indicator line has a tendency to turn down to cross the border with the overbought, which together indicates the anger of the bulls in the probable dynamic breakout support level of $152.

LTC/USD

Large short sales in the market of litecoin dropped the price of the coin below the pivot level of $31,70 ten-day of a rising wave of growth. At the time of analysis of the market the pair LTC/USD is trading at $31,20 under increasing pressure from new sales.

Temporary support Litecoin got above the dynamic level of $30,70. The bears currently are consolidating the amounts on the sale of scriptactive for a breakthrough marked level.

25 декабря LTCUSD H4
25 Dec LTCUSD H4

Data of the relative strength index indicates the exhaustion of buyers. In the case of breaking the support price at $30,70 we should expect lower prices DES until at least $29,70 at the next level of support.

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

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