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Litecoin (LTC) Daily Price Forecast – September 20

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $60, $65, $70
Support Levels: $50, 45, $40

Yesterday, September 19, the price of Litecoin was in a sideways trend. There has been no significant price movement as the digital currency had been range bound between the levels of $50 and $60. On September 19, the LTC price had a price spike. The price went down to the low of $51.56 and was resisted. The same candlestick at the same time went up to the high of $55.04 and also pulled back.

The prices were pulling back as they test the upper and lower levels of price range. Meanwhile, the LTC price will continue its range bound movement. However, the MACD line and the signal line are at par with the zero line which indicates a neutral signal. In addition, the price of Litecoin is neither below nor above the 12-day EMA and the 26-day EMA which indicates that a sideways 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

On the 1-hour chart, the LTC price is in a sideways trend. The price is above the 12-day EMA and the 26-day EMA which indicates that a bullish trend is ongoing. The MACD line and the signal line are above 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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Bitcoin Cash (BCH) Long-term Price Forecast

BCH/USD Long-term Trend – Bullish

Distribution territories: $650, $750, $850.
Accumulation territories: $350, $250, $150.

Most of the price movements of BCH/USD had been in a range-bound region over a week. The ranging movements were featuring in the market of this crypto from Sept. 16 till 20. On Sept. 21, a notable short spike occurred, and the 14-day SMA’s trend-line was breached northwards above the price territory of $500.

The market price line has been traded around the low price point obtained on Aug. 14 but now averaging towards the 50-day SMA’s trend-line from below. The 50-day SMA is located above the 14-day SMA. The Stochastic Oscillators have moved upward well above range 20. They now point north below range 80 to still showcase a continuation of probable northward price movement.

The last spike that brought about the short bullish Japanese candlestick may be proven not strong enough while a strong reversal price action breaks past it southwards. A set of various lower lows and lower highs may come to play in the next few days while the immediate distribution territory of $650 remains unbroken-out. Investors may either join the market below the trend-line of 50-day SMA or wait for a smaller dip around the 14-day SMA’s trend-line.

 

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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Ethereum (ETH) Daily Price Forecast – September 27

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, September 26, the ETHUSD pair was in a bullish trend. Price of the digital currency had been fluctuating above the $200 price level. Then at a price of $211.27, the ETH price made a bullish movement to the high of $222.39. Presently, the cryptocurrency is in a range bound movement and price may face resistance at the $220 price level.

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 a bearish trend is ongoing. The Relative Strength Index period 14 is level 44 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 digital currency is fluctuating between the levels of $200 and $220. The price is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish 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.

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Source: www.bitcoinexchangeguide.com

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Bitcoin (BTC) Long Term Price Forecast

BTC/USD Long-term Trend: Bearish

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,400, $6,200, $6,000

The overall trend for the price of Bitcoin in the month of September is a bearish trend. Price of Bitcoin has a balance of $7,036.25 at the beginning of September 2018. As at the time of writing, the capital has gone down to $6,490.75. In other words, the digital currency lost 7.66% of its capital.

On September 5, the bulls were overcome at the $7,400 price level. The digital currency fell to the low of $ 6,169.30. Since then the bulls have not been able to recover their losses. For the bulls to be in equilibrium with the bears they have to break the levels $6, 500, $6,700 and $7,400 price levels.

Nevertheless, the MACD line and the signal line are below the zero line which indicates a sell signal. Similarly, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that price is in the range bound zone.

 

 

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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Ethereum (ETH) Daily Price Forecast – October 4

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $260, $280, $300
Support Levels: $200, $180, $160

Yesterday, October 3, the price of Ethereum was in a bearish trend. The ETH price fell from the high of $230.11 to the low of $ 217.32 and commenced a bullish movement. The $200 price level is the major support level of Ethereum, therefore traders should initiate long trades at this level in anticipation of a bullish trend.

The ETH price is expected to reach and break the resistance at $240. The price of Ethereum is trading at $225.57 as at the time of writing. 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 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 50 which indicates that price is in the sideways trend zone.

 

ETH/USD Short-term Trend: Bullish

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

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Source: www.bitcoinexchangeguide.com

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Litecoin (LTC) Long Term Price Forecast

LTC/USD Long-term Trend: Ranging

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

The LTCUSD pair had been in a range bound movement in the month of September 2018. It has an opening balance of $62.07 but closed with a balance of $60.39 as at the end of the month. The digital currency fluctuates between the levels of $50 and $65.

As a trader, you can make partial profits as the digital currency ranges between the range bound zone. You can initiate a long trade at the lower level of price range and exit at the upper level of price range and Price is currently fluctuating at the lower level of price range and it is expected at the upper price level. Meanwhile, the price of Litecoin is below the 12-day EMA and 26-day EMA which indicates that the bearish trend is ongoing.

Meanwhile, the Relative Strength Index period 14 is level 38 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market.

 

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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Bitcoin (BTC) Daily Price Forecast – October 11

BTC/USD Medium-term Trend: Bearish

Resistance Levels: $7,000, $7,200, $7,400
Support levels: $6,100, $5,900, $5,700

Yesterday, October 10, the BTC price was in a Bearish trend. The bulls had been holding the price above $6,500 in the last ten days. This cause Bitcoin to be stagnant and range bound above the $6,500 price level. Today, the bulls have succumbed to the bearish pressure. The bears have broken the $6,500 price level and price is approaching the $6,200 price level.

The next move is likely to be the $5900- $6,000 price levels. Traders are to look out for buy setups at the end of the bearish trend. Nevertheless, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is falling. The Relative Strength Index period 14 is level 18 which indicates that the market is oversold signaling bear’s exhaustion and suggesting bulls to take control of the market.

 

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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Ethereum (ETH) Long Term Price Forecast

ETH/USD Long-term Trend: Bearish

Resistance Levels: $350, $370, $390
Support Levels: $180, $160, $140

Last month of September, the price of Ethereum had been on a range bound movement. In September, Ethereum had an opening balance of $282.80 but fell to the low of $196.60. Later it commenced a range bound movement all through the month to close at a price of $228.62. In the month of October, Ethereum was in a range bound movement for ten days before the bearish trend.

Ethereum is currently trading at $199.78 as at the time of writing. Price is expected to rise as the digital currency has reached the oversold region.


Meanwhile, the price of Ethereum 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 34 which indicates that the market is oversold signaling bears’ exhaustion and suggesting bulls to take control of the market.

 

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 – October 18

LTC/USD Medium-term Trend: Ranging

Resistance Levels: $66, $68, $70
Support Levels: $46, $44, $42

Yesterday, October 17, the price of Litecoin was in a sideways trend. On October 15, the digital currency had a price rally which made the price to reach the high of $62 but pulled back to the low of $56. Litecoin had been fluctuating below and above the $56 price level. As the crypto's price is consolidating, the key levels of the market are not evenly apart.

Therefore trading is not recommended until when price is out of the range-bound zone.
Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that price is in the sideways trend zone.

LTC/USD Short-term Trend: Ranging

On the 1-hour chart, LTC price is in a sideways trend. However, the price of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone. In addition, 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.

 

Source: https://bitcoinexchangeguide.com

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Bitcoin (BTC) Long Term Price Forecast

BTC/USD Long-term Trend: Ranging

Resistance levels: $7,200, $7,400, $7,600
Support levels: $6,400, $6,200, $6,000

The BTC/USD pair had been range bound since the beginning of the month. The digital currency commences a range bound movement each time price test the $6,800 price level. On September 21, the crypto's price reached the high of $6,782, and the price fell to a range bound movement. Also, on September 27 and October 15, the bulls tested the $6,800 resistance level and were repelled. Price was ranging above the $6,600 before the BTC price had a downward fall.

The crypto's price is ranging at a price of $6,301.66. Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the Relative Strength Index period 14 is level 46 which indicates that price is in the range bound zone.

 

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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Ethereum (ETH) Daily Price Forecast – October 25

ETH/USD Medium-term Trend: Ranging

Resistance Levels: $240, $260, $280
Support Levels: $200, $180, $160

Yesterday, October 24, the ETH/USD pair was in a sideways trend. Yesterday, the crypto’s price reached a high of $208. The digital currency was resisted at a price of $207 and price fell to the low of $203.58. The crypto now fluctuates above the $200 price level between the levels of $203 and $207.

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 price is in the bearish trend zone. As price is in the bearish trend zone, the bears may have upper hand above the bulls.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The digital currency fell to the low of $203 and it commenced a bullish movement. The bulls resisted the bears from breaking the major support level.The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling. 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.

Source: www.bitcoinexchangeguide.com

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Litecoin (LTC) Long Term Price Forecast

LTC/USD Long-term Trend: Bearish

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

The LTC/USD pair had been bearish in the month of October 2018. On October 1, the LTC price has an opening balance of $60.40. The crypto's price faces resistance at the $60 price level.

On October 9, the price of Litecoin was resisted at the price of $59.99 and it fell to a low of $52.65. On October 15, the price of Litecoin reached the high of $62.06 but pulled back to the low of $55.87. The price continued its fall to the low of $53.26 and commenced a range bound movement up till date.

On the upside, the $60 price level has to be broken for Litecoin to resume its uptrend. Meanwhile, 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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Bitcoin (BTC) Daily Price Forecast – November 1

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $7,000, $7,200
Support levels: $6,200, $6,000, $5,800

Yesterday, October 31, the price of Bitcoin was in a sideways trend. On October 29, the crypto’s price was broken by the bears after a long period of range bound movement above the $6,500 price level. The price fell to the $6,300 price level and commenced another range bound movement. Nevertheless, in the last three days, the price of Bitcoin was fluctuating above the $6,300 price level.

The BTC price is still under a bearish trend and price is expected at the $6,200 price level. However, if the $6,200 price level is tested or broken, then a revisit to the critical support level is imminent. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is in a bearish trend zone.

 

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in a sideways trend. On October 31, the crypto’s price tested the $6,200 price level and rebounded to its range bound movement. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is falling.

Meanwhile, 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 researc

 

Source: https://bitcoinexchangeguide.com

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Ethereum (ETH) Long Term Price Forecast

ETH/USD Long-term Trend: Ranging

Resistance Levels: $250, $270, $290
Support Levels: $180, $160, $140

The ETH/USD pair was range bound in the month of October 2018. The digital currency was ranging above the $200 price level. On October 15, Ethereum had a price rally which made the crypto to reach the high of $241.

The resistance at $240 made the crypto to fall but managed to recover at $204.10. In the first week of November, the digital currency is fluctuating below and above the $200 price level.

Ethereum is expected to continue its range bound movement. Today, the price of Ethereum is currently trading at $202 as at the time of writing.

Meanwhile, the price of Ethereum 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 BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Source: www.bitcoinexchangeguide.com

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Litecoin (LTC) Daily Price Forecast – November 8

LTC/USD Medium-term Trend: Bearish

Resistance Levels: $66, $68, $70
Support Levels: $50, $48, $46

Yesterday, November 7, the price of Litecoin was in a bearish trend. The crypto’s price reached the high of $56.43 and was resisted by the bears. The price of Litecoin faces resistance at the upper price level of $60. The price fall has resulted in the breaking of the 12-day EMA and the 26-day EMA indicating that price is likely to continue its fall.

As the digital currency is range bound between the levels of $50 and $65, the price will find support at the lower level of price range. Traders are to exit their long trades as the crypto’s price is in the bearish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. In addition, the price of Litecoin is below 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, LTC price is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating price is in the bearish trend zone. The MACD line and the signal line are below 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

.

Source: https://bitcoinexchangeguide.com

 

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Bitcoin (BTC) Long Term Price Forecast

BTC/USD Long-term Trend: Ranging

Resistance levels: $7,200, $7,400, $7,600
Support levels: $6,400, $6,200, $6,000

The price of Bitcoin was range bound in the first week of November 2018. In retrospect, the digital currency was ranging above the $6,400 price level all through the month of October 2018. The major bearish event is that on October 11, the bears went deep into the $6,200 price level. While on October 15, the bulls had a price spike that reached the high of $7,600  but price pulled back to the low of $6,500.

That was why we had a price ranging above the $6,400 price level. On November 7, the price reached a high of $6,565.66 but was resisted. The digital currency was in a downward trend after the resistance at $6,600 price level. The digital currency is likely to fall because price is in the bearish trend zone.

Meanwhile, the price of Bitcoin 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 BitcoinExchangeGuide.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 – November 15

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $260, $280
Support Levels: $170, $160, $150

Yesterday, November 14, the price of Ethereum was in a bearish trend. Price was fluctuating at the $210 price level before the bearish breakout. The crypto's price was resisted by the 12-day EMA and it is approaching the $180 price level. The digital currency has reached its oversold region, therefore traders should look out for buy setups so as to initiate long trades.

This will enable traders to earn partial profits as the crypto's price commences its bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicate that price is in the bearish trend zone.

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto’s price is in a bearish trend. The crypto's price fell to the low of $182.05 and price is ranging at that price level. The crypto’s price is now below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. 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.

 

Source: www.bitcoinexchangeguide.com

 

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Source: www.bitcoinexchangeguide.com

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Litecoin (LTC) Long Term Price Forecast

LTC/USD Long-term Trend: Bearish

Resistance Levels: $60, $70, $80
Support levels: $40, $30, $20

The LTC/USD pair was in a bearish trend in the first two weeks of November 2018. The crypto has an opening balance of $50.13 but price reached a low of $42.80 as at the time of writing. The digital currency faced resistance at the upper price level of $60 but was resisted at $56.86. The price fell and broke the 12-day EMA and the 26-day EMA which resulted in the bearish trend zone.

While in the bearish trend zone, Litecoin had a bearish breakout that made the crypto to fall to the low of $42.80. Price of Litecoin has broken the lower level of price range. The digital currency has also reached the oversold region of the market. Meanwhile, 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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Bitcoin (BTC) Daily Price Forecast – November 22

BTC/USD Medium-term Trend: Ranging

Resistance Levels: $6,800, $6,900, $7,000
Support levels: $4,500, $4,400, $4,300

Yesterday, November 21, the price of Bitcoin was in a sideways trend. On November 20, the digital currency fell to its low at $4,534.90 and commenced a range bound movement above that price level. The price above $4,500 has been sustained in the last three days. The appearance of Doji and spinning tops candlesticks describe the indecision of buyers and sellers at this price level.

Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. From the price action, if price is resisted by the EMAs then the crypto's price  is likely to fall. On the other hand, if price breaks the EMAs, the crypto's price is likely to rise.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the price of Bitcoin is in a sideways trend. The price of the digital currency broke the 12-day EMA and the 26-day EMA as price moves to the bullish trend zone. The crypto's price now fluctuates below and above the EMAs. Price is presently below the exponential moving averages.

 

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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Ethereum (ETH) Daily Price Forecast – November 26

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Last week the price of Ethereum was in a bearish trend. The digital currency was below the 12-day EMA and the 26-day EMA which indicated that price was going to fall. On November 19, the crypto's price was resisted by the 12-day EMA and price fell in a downward trend.

The digital currency fell to the low of $107.57 but the crypto's price was still within the bearish trend zone. Today, price is making a bullish movement from its low but may face resistance at the 12-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

Price is likely to remain bearish as long as the crypto is below the 12-day EMA and the 26-day EMA.

ETH/USD Short-term Trend: Ranging

On the 1-hour chart, the crypto's price is in a sideways trend. On November 25, the digital currency fell to the low of $103.58 and commenced a bullish movement. The bullish candlestick broke the 12-day EMA and the 26-day EMA indicating that price is rising. The 12-day EMA now provides support for the digital currency.

If price breaks the 26-day EMA and remains above it, the crypto is likely to rise. But if it fell below the 26-day EMA, the crypto is likely to continue its downtrend 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: www.bitcoinexchangeguide.com

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Litecoin (LTC) Daily Price Forecast – November 29

LTC/USD Medium-term Trend: Bullish

Resistance Levels: $66, $68, $70
Support Levels: $25, $23, $21

Yesterday, November 28, the price of Litecoin was in a bullish trend. The price of Litecoin is now above the 12-day EMA and the 26-day indicating that price is rising.

The digital currency has broken the $35 price level and it is fluctuating at that level. Nevertheless, if the $35 price level holds traders should initiate long trades above that price level.

Also, a stop loss order should be placed below the $35 price level. Meanwhile, the price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend. The digital currency is making a series of higher highs and higher lows.

Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

Traders are to ride on the bullish trend as long the uptrend last. They should allow the market to take them out of trading.

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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Bitcoin (BTC) Long Term Price Forecast- December 1

BTC/USD Long-term Trend: Bearish

Resistance levels: $7,200, $7,400, $7,600
Support levels: $4,000, $3,800, $3,600

The BTC/USD pair was bearish in the month of November 2018. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The digital currency is likely to fall in the month of December 2018.

Meanwhile, on November 1, Bitcoin has an opening balance of $6,362.99 and today, November 30, the price is at $4,098.88. The price of Bitcoin has depreciated by 35.58 % of its capitalization.

However, the entire bullish pullback has been erased by the bearish pressure. There will be no need for trade recommendation as the bearish pressure is ongoing.The MACD line and the signal line are below the zero line which indicates a sell signal.

Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA.

 

 

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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Ethereum (ETH) Daily Price Forecast – December 5

ETH/USD Medium-term Trend: Bearish

Resistance Levels: $240, $250, $280
Support Levels: $100, $90, $80

Yesterday, December 4, the price of Ethereum was in a bearish trend. There had been no significant price movement in the last 24 hours. The crypto's price is fluctuating below the 12-day EMA and all the price movements were resisted by the 12-day EMA. From the daily chart, the digital currency was unable to break the 12-day EMA and the 26-day EMA.

This indicates that the price of Ethereum is not likely to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. If the price tests the lower price level of $100 and the level holds; traders should initiate long trades in anticipation.

 

ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend. Today, the bullish trend broke 12-day EMA and the 26-day EMA and commenced range bound movement above it. But the crypto's price fell again below the EMAs which will result in the downtrend.

 

 

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: www.bitcoinexchangeguide.com

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Litecoin (LTC) Long Term Price Forecast – December 8

LTC/USD Long-term Trend: Bearish

·         Resistance Levels: $60, $70, $80

·         Support levels: $30, $20, $10

The LTC/USD pair had been in a smooth downtrend since the beginning of November 2018. On November 1, the crypto had an opening balance of $50.13 but has depreciated to the low of $25.25.

The crypto's price is below the 12-day EMA and the 26-day EMA which is an indication of price falling. The exponential moving averages are tending southward an indication of a downtrend. From the Stochastic indicator, the reading is in the range below 20%.

This indicates that the price of Litecoin has a strong bearish momentum and a sell signal. Since the bearish momentum of Litecoin is strong, the crypto is likely to fall. Meanwhile, 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 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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Bitcoin (BTC) Daily Price Forecast – December 12

BTC/USD Medium-term Trend: Bearish

·         Resistance Levels: $6,800, $6,900, $7,000

·         Support levels: $3,300, $3,200, $3,100

Yesterday, December 11, the price of Bitcoin was in a bearish trend. In the last 48 hours, the price of Bitcoin had been in the bearish trend zone.

The crypto's price had been fluctuating above the $3,400 price level. It was suggested that if the bears broke the $3,400 price level, the crypto will resume the downtrend and price is expected to test the $3,000 price level.

Today, the crypto's price is below the EMAs and price is fluctuating above the $3,400 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Bitcoin is in a bearish trend. In the bearish trend of yesterday, the crypto’s price fell to the low of $3,413.3 and commenced a bullish movement on the upside. The bulls broke the 12-day EMA but were resisted by the 26-day EMA and price fell back to the bearish trend zone.

Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The Relative Strength Index period 14 is level 37 which indicates that price is nearing the oversold region.

 

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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      MACRO EVENTS & NEWS OF 23rd January 2019.



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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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      Dr Nektarios Michail
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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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