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Ethereum (ETH) Daily Price Forecast – June 18

 

ETH/USD Medium-term Trend: Bearish

 

Resistance Levels : $500, $505, $510
Support Levels: $485, $480, $475

Price of ETH/USD pair was also in a bearish trend. The asset was trading at $520.92 and later fell the low of $460.78. From the 4-hour chart, price touched the lower Bollinger band and also at the second low. This gives the asset a buy signal. Nevertheless, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

In addition, the 12-day EMA and the 26-day EMA are neither below nor above the price of the asset indicating a neutral signal. However, from the price action, the asset had been in a range bound movement.Meanwhile, the relative strength index period 14 is level 45 indicates that price is in the range bound zone.

 

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line indicating a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price of the asset which indicates that the bearish trend is ongoing.

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

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Litecoin (LTC) Daily Price Forecast – June 21

 

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $100, $102, $104
Support Levels:$96, $94, $92

Yesterday, June 20, price of Litecoin was in a sideways trend but closed trading at a price of $97.60. Price reached the top of the upper band of the Bollinger Bands and it fell. Bollinger Bands acts as a resistance  and a support in the market. Meanwhile, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

Also, price of the cryptoasset is neither above nor below the 12-day EMA and the 26-day EMA indicating that the market is ranging. The relative strength index period 14 is level 50 indicates that price of Litecoin is in the range bound zone. The price of a cryptoasset is likely to continue its range bound movement between the levels of $100 and $90.

 

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin rose and reached the upper band of the Bollinger Bands. Bollinger Bands acted as a resistance to the price and it fell. Nevertheless, MACD line and the signal line are above the zero line indicating a buy signal. Also, price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing.

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin (BTC) Daily Price Forecast – June 25

 

BTC/USD Medium-term Trend: Bearish

 

Resistance Levels: $6,200, $6,300, $6,400
Support levels: $6,000, $5,900, $5,800

Last week, price of Bitcoin had been in a bearish trend. The cryptoasset fell from $6,637.59 to the low of $6,178.09. The 26-day EMA and the 12-day EMA are also trending southward. Today, the cryptoasset is now in a sideways trend after the bearish movement last week.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The 26-day EMA and the 12-day EMA are above the price bars of Bitcoin which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 44 which indicates that price of Bitcoin is in the range bound zone.

 

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the bulls took control of the market from the bears and brought price above the $6,000 price level. At the $6,000 price level, the market is now in a sideways trend.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Bitcoin are above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Ethereum (ETH) Daily Price Forecast – June 28

 

ETH/USD Medium-term Trend: Bearish

 

Resistance Levels : $440, $445, $450
Support Levels: $430, $425, $420

Yesterday, June 27, price of Ethereum was on a downward trend. Today, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price of Ethereum which indicates that the bearish trend is ongoing.Yesterday, the bulls had resisted the bears at the price of $420, that was why price was in a sideways trend.

The cryptoasset had been ranging between the levels of $460 and $420 since price fell to the low of $420. However, if that level at $420 had been broken, the cryptoasset would find support at $380.The relative strength index period 14 is level 38 which indicates that the market is nearing the oversold market condition suggesting bulls to take control of the market.

 

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Ethereum are above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin (BTC) Daily Price Forecast – July 2

 

BTC/USD Medium-term Trend: Bullish

 

Resistance Levels: $6,400, $6,500, $6,600
Support levels: $6,200, $6,100, $6,000

Last week the BTC/USD pair was trading above $6,000 price level all through the week. For instance, last Monday, price of Bitcoin was $6,244.12, then it fell to the low of $5,893.51. The cryptoasset made another bullish movement and brought price to the high of $6,355.80 on June 30. Today, price of Bitcoin is currently trading above the $6,000 price level but it is now in a sideways trend.

Meanwhile, from the 4-hour chart, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 59 which indicates that price of the cryptoasset is in the sideways trend zone.

 

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, price of Bitcoin is in a sideways trend. From the chart, price of Bitcoin is trending horizontally above the $6,000 price level. Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal . Also, the price bars of Bitcoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Litecoin (LTC) Daily Price Forecast – July 5

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $85, $86, $87
Support Levels:$83, $82, $81

Yesterday, July 4, price of Litecoin was in a bullish trend. I suggested the use of trend line as a means of determining the support levels of price in a bullish market to initiate long trades. Trend lines can also be used to determine the end of a trend. Nevertheless, as the bearish candlestick retraces to test the trend line; the bullish candlestick moves higher highs to reach other price levels.

However, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 54 which indicates that price of Litecoin is in the sideways trend zone.

 

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. In the short term trend, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of the cryptoasset is rising as the price bars of Litecoin is above the 12-day EMA and the 26-day EMA.

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

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Ethereum (ETH) Daily Price Forecast – July 9

ETH/USD Medium-term Trend: Bullish

Resistance Levels : $490, $500, $510
Support Levels: $470, $460, $450

Last week, price of Ethereum was also in a bullish trend. Price of the cryptocurrency was trading above the $400 price level. That is, it traded from the low of $ 446.56 to the high of $490.58. The cryptocurrency is retracing from the recent high to the trend line. The assumption is that if price retraces from the recent high and tests the trend line, price will resume its bullish movement.

Traders should initiate long trades if price tests the trend line and the bearish candlestick closes without breaking it. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price bars of Ethereum are above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 58 which indicates that price is in the sideways trend zone.

 

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, price of Ethereum is in a bullish trend. The MACD line and the signal line are also above the zero line which indicates a buy signal.

 

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin (BTC) Daily Price Forecast – July 11

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,400, $6,500, $6,600
Support levels: $6,200, $6,100, $6,000

Yesterday, July 10, the price of Bitcoin was in a bearish trend. In the bearish market, the price of Bitcoin was retracing to test the bullish trend line which was later broken to end the previous bullish trend. Today, the cryptocurrency is now in a downward trend. Bitcoin price fell to the previous low of $6,363.39 which was the low where the price was consolidating before the bullish breakout.

From the 4-hour chart, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price bars of Bitcoin which indicates that the bearish trend is ongoing. The relative strength index period 14 is level 29 which indicates that the market is oversold suggesting bulls to take control of the market.

 

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a downward trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Also, the 12-day EMA and the 26-day EMA are above the price bars of Bitcoin which indicates that the bearish trend is ongoing.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Litecoin (LTC) Daily Price Forecast – July 16

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $82, $84, $86
Support Levels: $76, $74, $72

Last week, the price of Litecoin was in a bearish  and a sideways trend. The bearish trend commenced from the high of $83.90 to $75.08. Thereafter, the price went into a sideways trend. Today, the cryptocurrency is in a bullish trend. In a bullish market, traders are to buy low and sell high.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price bars of Litecoin are above the 12-day EMA and the 26-day EMA which indicate that the bullish trend is ongoing. The relative strength index period 14 is level 52 which indicates that price is in the sideways trend zone.

 

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price bars of Litecoin are  above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.

 

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

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Ethereum (ETH) Daily Price Forecast – July 19

ETH/USD Medium-term Trend: Bullish

Resistance Levels: $520, $530, $540
Support Levels: $500, $490, $480

Yesterday, July 18th, the price of Ethereum was in a bullish trend. Yesterday, the cryptocurrency reached the high of $506 but price made a pullback to the low of $471.50. The cryptocurrency lost about 6% in yesterday's pullback. The Ethereum price has fallen back to the range bound zone of $480 and $$20.

The relative strength index period 14 is level 53  which indicates that price is in the sideways trend zone. The cryptocurrency is likely to fluctuate within the range bound zone. Nevertheless, the MACD line and the signal line are above the zero line which indicate a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates the bullish trend is ongoing.

 

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, price Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicate a sell signal. The 26-day EMA and 12-day EMA are above the price of Ethereum which indicates that the bearish trend is ongoing.

 

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin (BTC) Daily Price Forecast – July 23

BTC/USD Medium-term Trend: Bullish

Resistance levels: $7,800, $7,900, $8,000
Support levels: $7,400, $7,300, $7,200

Last week, the price Bitcoin was in a bullish trend and it reached the high of $7,313.14. Thereafter the cryptocurrency went into a sideways movement and later fell to the low of $7,230.93. On Saturday, July 21st, the price of Bitcoin had another bullish movement that took price to the high of $7,407.54.

However, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 75 which indicates that the market is overbought suggesting bears to take control of the market. Price of Bitcoin will reach the high of $10,000 but will face resistance at the $9,000 price level.

 

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend. On July 23, the price of Bitcoin fell to the low $7,363.29. The MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the price of Bitcoin is above the exponential moving averages which indicate that Bitcoin price is rising.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Ethereum (ETH) Daily Price Forecast – July 30

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $470, $480, $490
Support Levels: $450, $440, $430

Last week the Ethereum price was already in its sideways trend fluctuating between the  levels of $480 and $440. The ETH price attempted to break the resistance level at $480 without success but the price has fallen to the low of $469.11. Today, the cryptocurrency will still continue its range bound movement. Trading becomes unnecessary because price has no direction.

Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Ethereum is neither below nor above the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend. The Relative Strength Index period 14 is level 50 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, price of Ethereum is in a sideways trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal. The price of Ethereum is neither below nor above the 26-day EMA and the 12-day EMA which indicates that price is in a sideways trend.

 

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin (BTC) Daily Price Forecast – August 2

BTC/USD Medium-term Trend: Bearish

Resistance levels: $7,700, $7,800, $7,900
Support levels: $7,500, $7,400, $7,300

Yesterday, August 1, the Bitcoin price was in a Bearish trend. The bears took price to the low of $7,480.76. Presently Bitcoin price is making a bullish movement from its low. The BTC price is likely be in a sideways trend. However, the MACD line and the signal line are below the zero line which indicates a sell signal.

Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The relative strength index period 14 is level 38 which indicates that the market is oversold suggesting bulls to take control of the market.

 

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the support level of the market. The BTC price is making a bullish movement. The MACD line and the signal line are below the zero line which indicates a sell signal. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicate that a bullish trend is ongoing.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source:  https://bitcoinexchangeguide.com

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Litecoin (LTC) Daily Price Forecast – August 6

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $75, $76, $77
Support Levels: $70, $69, $68

Last week, the price of Litecoin was in a sideways trend fluctuating between the levels $91 and $74. On August 4th, the LTC price broke the support level at $74. LTC price is out of the range-bound zone. Today, the LTC price has fallen to the low of $72.88 and had commenced a bullish movement. The cryptocurrency is now targeting the previous high of $91.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price bars of Litecoin is below the 12-day EMA and the 26-day EMA which indicate that a bearish trend is ongoing. The relative strength index period 14 is level 47 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. The price bars of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The MACD line and the signal line are above the zero line which indicates a buy signal.

 

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

https://bitcoinexchangeguide.com

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Ethereum (ETH) Daily Price Forecast – August 9

 

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $380, $390, $400
Support Levels: $350, $340, $330

Yesterday, August 8th, the price of Ethereum was in a bearish trend. The ETH price breaks out of the range-bound zone and it fell to the low of $ 354.54 as at yesterday. Now the bulls and the bears move in a sideways trend and neither of them have control over price. If the ETH price falls again, it will fall to the lows of  either $326.42 and $283. Traders are to look out for buy setups in anticipation of a bullish trend.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 21 which indicates that the market is -oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

 

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

Source: www.bitcoinexchangeguide.com 

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Bitcoin (BTC) Daily Price Forecast – August 13

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,500, $6,600, $6,700
Support levels: $6,100, $6,000, $5,900

Last week the overall trend of Bitcoin was bearish. The price of Bitcoin was above the $7,000 price level. The bears broke the $7,000 price level and were approaching the $6,000 price level. The assumption last week was that price is not likely to break the support level at $6,000. One of the reasons is that the level had not been broken since November 2017. On August 11, price tested the level at a price of $6,081.80 and pulled back.

Today, the BTC price is in a bullish trend at a price of $6,462.78 as at the time of writing. The BTC price is getting stronger as the bears were to defend the $6,000 price level. Traders are looking out for buy setups to initiate long trades. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 54 which indicates that price is in a sideways trend zone.

BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Bitcoin is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source:  https://bitcoinexchangeguide.com

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Litecoin (LTC) Daily Price Forecast – August 16

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $58, $59, $60
Support Levels: $54, $53, $52

Yesterday, August 15th, the LTC price was in a bullish trend. The digital currencies rose from the low of $51.05 to the high of $58.73. However, the LTC price was resisted and the price fell to the low of $55.90. Since on August 12, the price of Litecoin has been fluctuating between the levels of $60 and $50.

Today, the LTC price will continue its fluctuations between those levels until they are broken by price.Today, the LTC price is currently trading at $56.78 as at the time of writing. Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 44 which indicates that price in the sideways trend zone.

LTC/USD Short-term Trend: Bullish

From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is ranging at a price of $54.88. Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal.

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

https://bitcoinexchangeguide.com

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Ethereum (ETH) Daily Price Forecast – August 20

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $310, $320, $330
Support Levels: $280, $270, $260

The price Ethereum was in a sideways trend. In the last one week, the ETH price was fluctuating between the levels $290.99 and 319.17. The price of Ethereum has been quiet in the last four days. Today, the cryptocurrency is likely to continue its range bound movement.


Meanwhile, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of ETH is at par with the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend. The Relative Strength Index period 14 is level 47 which indicates that price is in the sideways trend zone.

ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the ETH price is in a bullish trend. The price of the cryptocurrency is moving horizontally along with the exponential moving averages. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Ethereum is above the 26-day EMA and the 12-day EMA which indicates that a bullish trend is ongoing.

 

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

 

Source: www.bitcoinexchangeguide.com

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Bitcoin (BTC) Daily Price Forecast – August 23

BTC/USD Medium-term Trend: Ranging

Resistance levels: $6,500, $6,600, $6,700
Support levels: $6,300, $6,200, $6,100

Yesterday, August 22, the price of Bitcoin was in a sideways trend. The BTC price fell while in a sideways trend. The cryptocurrency fell to its previous range-bound levels of $6,600 and $ 6,000. Yesterday, the BTC price reached the high of $6,880.72 and price pullback to the low of $6,303.65. Today, the BTC price is now in range bound movement.

It is assumed that the cryptocurrency will cross over the hurdle at the price of $6,600. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. While in a sideways trend, the price of Bitcoin fell to the low of $6,323.93. After it has fallen, the cryptocurrency resumed its range-bound movement.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

 

Source:  https://bitcoinexchangeguide.com

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Litecoin (LTC) Daily Price Forecast – August 27

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $70, $75, $80
Support Levels: $60, $55, $50

Last week the LTC price was in a sideways trend. The digital currency fluctuates between the resistance level at $60 and the support level at $50. However, On August 22nd, the price of Litecoin reached the high of $59.43 and price pullback to the low of $56.21. The digital currency had been ranging below and above the price $56.21. Today, the LTC price has no significant price movement because the market is quiet.

The price will react the same way this week until a breakout occurs. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The Relative Strength Index period 14 is level 48 which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

From the 1-hour chart, the LTC price is in a sideways trend. The price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a trend. The MACD line and the signal line are at par with the zero line which indicates a neutral signal.

 

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

https://bitcoinexchangeguide.com

 

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Ethereum (ETH) Daily Price Forecast – August 30

 

ETH/USD Medium-term Trend: Rang: Ranging

Resistance Levels: $330, $340, $350
Support Levels: $300, $290, $280

Yesterday, August 29th, the price of Ethereum was in a bullish trend. The ETH price was unable to reach and break the upper level of a price range. The cryptocurrency reached the high of $297.53 and later fell to the low of $284.02. The price of Ethereum is range bound between the levels of $260 and $320 since August 17. Today, the price of Ethereum has fallen to its range bound movement.

The ETH price is likely to fluctuate within the confinement of its range. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Ethereum is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The Relative Strength Index period 14 is level 51 which indicates that price is in the sideways trend zone.

 

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Ethereum is in a sideways trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

 

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

Source: www.bitcoinexchangeguide.com

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Bitcoin (BTC) Daily Price Forecast – September 3

BTC/USD Medium-term Trend: Bullish

Resistance Levels: $7,400, $7,600, $7,800
Support levels: $7,900, $6,800, $6,900

Last week, the price of Bitcoin was in a bullish trend. In a minimized candlestick, the cryptocurrency is making a series of higher highs and higher lows. The price bars of Bitcoin are above the moving averages indicating the rise of Bitcoin. Price of Bitcoin had established itself above the $7,000 price level.

Today, the BTC price is in a bullish trend. Price is approaching the $7,500 price level. Traders may wish to initiate long trades above the $7,000 price level and a stop loss below the critical level of $7,000. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 59 which indicates that price is nearing the bullish trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a sideways trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Nevertheless, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

Source:  https://bitcoinexchangeguide.com

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Litecoin (LTC) Daily Price Forecast – September 6

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $60, $70, $80
Support Levels: $50, $40, $30

Yesterday, September 5, the LTC price was in a bullish trend. The cryptocurrency was resisted at a price of $68.58 while attempting to break to $70 price level. But the bears took control of the market and brought the price to the low  of $55.66. This implies that the LTC price is now back to the previous range bound zone of Levels $60 and $50.

However, if the bearish pressure continued, the cryptocurrency will revisit the previous low of $50. Also, the MACD line and the signal line are below the zero line which indicates a buy signal. In addition, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The Relative Strength Index period 14 is level 27 which indicates that the market is oversold suggesting bulls to take control of the market.

 

LTC/USD Short-term: Bearish

On the 1-hour chart, the LTC price is in a bearish trend. The price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.

 

The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

 

Source: https://bitcoinexchangeguide.com

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Ethereum (ETH) Daily Price Forecast – September 12

 

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $200, $220, $240
Support Levels: $160, $140, $120

Yesterday, September 11, the price of Ethereum was in a bearish trend. The price of Ethereum fell to the low of $175.69. Today, the cryptocurrency is in a bearish trend. Price has broken the major support level of $200. Price is likely to test the next support level which is $160 price level.

If price reaches the next support level, that would probably be the first low since the beginning of the year.Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 22 which indicates that the market is oversold suggesting bulls to take control of the market.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. Price of Ethereum is falling because the 12-day EMA and the 26-day EMA are above the price of the cryptocurrency. The MACD line and the signal line are below the zero line which indicates a sell signal.

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Source: https://bitcoinexchangeguide.com  

 

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Bitcoin (BTC) Daily Price Forecast – September 17

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,400, $6,600, $6,800
Support levels: $6,100, $5,900, $5,700

Last week the price of Bitcoin has been in a sideways trend. The BTC price fluctuates between the levels of $6,400 and $6,200.The BTC price reached the high of $6,520.51 and was repelled because of the selling pressure at the $6,400 price level. The price ranges more at the upper-level of price . Last week it was assumed that the bulls can overcome the upper level of price by introducing more buyers to push the price above the $6,400 price level.

Today, the price will continue its range at the support zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The Relative Strength Index period 14 is level 55 which indicates that price is in a sideways trend zone.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. The MACD signals are all bullish. The price of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that price is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal.

 

 

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

 

Source:  https://bitcoinexchangeguide.com

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      Always trade with strict risk management. Your capital is the single most important aspect of your trading business.

      Please note that times displayed based on local time zone and are from time of writing this report.

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      HotForex

      Disclaimer: This material is provided as a general marketing communication for information purposes only and does not constitute an independent investment research. Nothing in this communication contains, or should be considered as containing, an investment advice or an investment recommendation or a solicitation for the purpose of buying or selling of any financial instrument. All information provided is gathered from reputable sources and any information containing an indication of past performance is not a guarantee or reliable indicator of future performance. Users acknowledge that any investment in FX and CFDs products is characterized by a certain degree of uncertainty and that any investment of this nature involves a high level of risk for which the users are solely responsible and liable. We assume no liability for any loss arising from any investment made based on the information provided in this communication. This communication must not be reproduced or further distributed without our prior written permission.
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