Bitcoin, Ethereum and Litecoin Price Analysis

BTC/USD Daily Chart Technical Analysis

btc-analysisBitcoin prices are moving sideways unable to pierce through critical resistance.
Analysis
BTC/USD prices are consolidating and have been unable to pierce through key resistance near the 200-day moving average at 10,135. Prices on Monday slid through short term support which is now short-term resistance near the 10-day moving average at 9,432. Support is seen near the May lows at 8,990. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal, in oversold territory. The MACD is showing that positive momentum is decelerating, as the MACD histogram is printing near the zero-index level with a flat trajectory which reflects consolidation.

Up-side Target: 10,135
Down-side Target: 8,990

Don’t forget to join our Telegram channel for Crypto, Business & Technolgy news delivered to you daily.

 

ETH/USD Daily Chart Technical Analysis

eth-analysisEthereum reversed course after hitting key resistance as momentum turns negative.
ETH/USD dropped on Monday for the second consecutive trading session after hitting key resistance near the 38% Fibonacci retracement at 800. Support is seen near the 10-day moving average at 719. Short-term momentum has turned negative as the fast stochastic generated a crossover sell signal in overbought territory. Positive momentum is decelerating as the MACD (moving average convergence divergence) histogram prints in the black with a declining trajectory which points to consolidation.

Up-side Target: 800
Down-side Target: 719

LTC/USD Daily Chart Technical Analysis

ltc-analysisLTC/USD prices are consolidating, after breaking out above trend line resistance.
LTC/USD prices are consolidating after breaking out above trend line resistance. LTC/USD is now resistance the breakout level which coincides with both the 10-day moving average, and the 200-day moving average near 159.5. Resistance is seen near the May highs at 182. Short-term momentum has also turned negative as the short-term stochastic generated a crossover sell signal in oversold territory. Positive momentum is decelerating as the MACD (moving average convergence divergence) index is printing in the black with a declining trajectory which reflects consolidation.

Up-side Target: 182
Down-side Target: 159


Here at Dollar Destruction, we endeavour to bring to you the latest, most important news from around the globe. We scan the web looking for the most valuable content and dish it right up for you! The content of this article was provided by the source referenced. Dollar Destruction does not endorse and is not responsible for or liable for any content, accuracy, quality, advertising, products or other materials on this page. As always, we encourage you to perform your own research!

Source
Author Interactivecrypto.com
Image Credit