Technical analysis for today BTC/ ETH/ LTC/ Ripple

Bitcoin

Bitcoin rebounded from a strong short-term merger zone at $ 2,450 per night, with the growth of the long-term trend line and preliminary support supporting the currency. We still expect a gap below the zone and test level of $ 2,350, and possibly the previous low of $ 2,150. A rebound above $ 2,600 can change the short-term picture, but at the moment traders still need to avoid new positions, while long-term investors can increase their positions near support levels.

Ethereum

Ethereum is still in deep correction after a two-week rally from 130 to 400 US dollars, and now it is trading right in the price zone of 250-270 dollars, which we indicated as the initial goal for this step. A further breakthrough could lead to testing at $ 235 or $ 200, the latter being a 50% retracement. At present, the long-term picture is approaching neutral, and the correction may soon end, as short-term indicators already show oversold readings.

Litecoin

Litecoin touched our target for correction at $ 38 after a strong acceleration a week ago, and the MACD indicator returned to neutral thanks to this move. A move above the short-term trend line at $ 42 will trigger a new buy signal, but so far the picture remains neutral, while the long-term uptrend remains intact.

Ripple

"Ripple" trades in its previous ranges in relation to both the dollar and bitcoin, as the attempt to exit last week was interrupted, but technically it is stronger short-term than the two most valuable coins, still offering to move higher in the forthcoming period. Pulse rates remain neutral, and we expect key support levels to persist during the broad correction.