Cryptocurrency Analysis: Bitcoin, Litecoin, Ethereum, Dash, etc.

[FXOpen_broker]

BTC AND XRP – BULLISH POTENTIAL STILL PRESENT BUT A PULLBACK LIKELY TO DEVELOP FIRST



BTC/USD

The price of Bitcoin has increased since yesterday’s low at $13206 to $13703 where it is currently being traded. This is a 4.16% recovery after the price fell from slightly above the $14000 level which was interacted with on Saturday. As the interaction ended as a rejection another pullback has been seen but again high at a higher low compared to the one made last Thursday which is still bullish.



On the 4-hour chart, we can see that the interaction with the $14000 level was a retest of the last year’s highest point made on June 26th and was the second one. Since we have seen another failure for a breakout the price has started moving sideways but is still showing bullish signs with higher lows being made. Now that it made an interaction with the $13207 level spiking to the downside for its retest another upward movement has been seen, but it could be a corrective one. This is especially considering the descending trendline which is being formed and with whom we are currently seeing an interaction.

Continue reading... https://www.fxopen.blog/btc-and-xrp-bullish-potential-still-present-but-a-pullback-likely-to-develop-first/

[FXOpen_broker]

LTC AND EOS – BULLISH MOMENTUM PICKS UP



LTC/USD

From yesterday’s low at $51.7 the price of Litecoin has increased by 8.27% coming to $55.89 at its highest point today. Now the price is being traded slightly lower at around $55.5 but is still showing strong bullish momentum and is in an upward trajectory.



On the hourly chart, you can see that the price of Litecoin made an interaction with the 0 Fibonacci level at $51.67 on Tuesday from which it bounced but fell again yesterday for the second retest. As this second interaction ended by validating the support once more, a stronger move to the upside was seen. The price managed to move back up above the 0.236 Fibonacci line which served as another horizontal support level but was broken in a move to the downside.

Continue reading... https://www.fxopen.blog/ltc-and-eos-bullish-momentum-picks-up/

[FXOpen_broker]

BTC AND XRP – PRICES REACH SIGNIFICANT HIGHS BUT A DOWNTURN LIKELY SOON TO START



BTC/USD

The price of Bitcoin has been decreasing since yesterday when it came up to $19787 at its highest point. Another spike to that level was made today after some sideways movement followed by a shart decline to $18059 at its lowest point today which was a decrease of 9.35%. Since then recovery has been made with the price currently being traded at $19407.



On the hourly chart, we can see that the price made it past the upper horizontal level which labels the all-time high from December of 2017. A new all-time high was made effective as the price slightly exceeded its utmost upper level of 2017, but since it entered the seller’s territory we have seen strong pressure on the price, which was pushed it strongly to the downside.

Continue reading... https://www.fxopen.blog/btc-and-xrp-prices-reach-significant-highs-but-a-downturn-likely-soon-to-start/

[FXOpen_broker]

LTC AND EOS – FINAL PUSH TO THE UPSIDE COMING?



LTC/USD

From last Thursday, November 26th when the price of Litecoin was sitting at the $65 level, we have seen an increase of 42.64% measured to its highest point at $92.664 made on Tuesday. Since then the price has been moving sideways, spiking to the downside at first but then making a series of lower highs. Currently, it is being traded $90 and is starting to move to the upside again.



On the hourly chart, you can see that the price formed a symmetrical triangle from Tuesday’s high around the significant horizontal level at $86.486. Now we are seeing an attempt for a breakout to the upside after the price reached its apex.

Continue reading... https://www.fxopen.blog/ltc-and-eos-final-push-to-the-upside-coming/

[FXOpen_broker]

BTC AND XRP – CONSOLIDATION SEEN BUT A BREAKOUT LIKELY STARTED



BTC/USD

The price of Bitcoin has been moving sideways since the 1st of December when it reached a new all-time high, spiking above the $19,677 level. Since then we have seen the formation of a descending triangle with the price now going back to its support level and has been testing it for support once again. Currently, it is being traded at around $18,819.



On the hourly chart, you can see that the price is finding support on the current interaction and has closed the hourly candle above it with now forming a green one. This could be an early indication that the price found support there and is now going to make a bounce. The triangle we have seen form could be the consolidative 4th wave out of the five-wave impulse to the upside that started on the 26th of November.

Continue reading... https://www.fxopen.blog/btc-and-xrp-consolidation-seen-but-a-breakout-likely-started/

[FXOpen_broker]

LTC AND EOS – DESCENDING CHANNEL ENDING SOON



LTC/USD

The price of Litecoin has been decreasing since the start of the month when it came up to $93. Measured to its lowest point of the month made yesterday at $74.45 we have seen a decrease of 20%. The price is currently being traded around the levels of yesterday’s low, but it appears that it found support there and is now looking to start increasing again.



On the hourly chart, you can see that the price of Litecoin formed a descending channel from the start of the month with yesterday’s low being a retest of its support level. Now as the price has managed to stay on the same levels as on its lowest yesterday and didn’t make a lower one, before finding some support we could be seeing the start of the upside move that is to propel the price at least to the channels resistance level.

Continue reading... https://www.fxopen.blog/ltc-and-eos-descending-channel-ending-soon/

[FXOpen_broker]

BTC ENCOUNTERS RESISTANCE WHILE XRP FINDS SUPPORT

BTC/USD

The price of Bitcoin has been increasing from last Friday when it was sitting at $17,570 at its lowest point and came up by around 11.4% measured to its highest point today at $19,570. Now the price is being traded at $19,316 as it fell from today’s high and is now making a recovery.



On the hourly chart, you can see that this is a struggle for the price to keep up its bullish momentum above the lower horizontal level at $19,191 which represents the daily candle close from the 2017 all-time high. Since the start of the month, we have seen the price in a decline, forming a descending channel from the 1st of December. Last Friday the price found support on the 0.618 Fib level and started increasing again, breaking out from this descending formation and coming above the significant lower horizontal level.

Continue reading... https://www.fxopen.blog/btc-encounters-resistance-while-xrp-finds-support/

[FXOpen_broker]

BTC AND XRP – CORRECTION DEVELOPING BUT FOR HOW LONG?



BTC/USD

The price of Bitcoin has continued increasing from last week and came to $24,310 at its highest points yesterday from which it decreased by 10.11% at first, but is now making a recovery and is currently sitting at $23,478 level. This minor pullback we have seen yesterday could have been the beginning of the higher degree descending move as the prior impulse to the upside ended but since the price is starting to increase again we are yet to see.



On the hourly chart, you can see that it came up in a five-wave manner from the 11th of December when it was sitting at $17,500 at its lowest point which was a higher low compared to the one made on the 26th of November.

Continue reading... https://www.fxopen.blog/btc-and-xrp-correction-developing-but-for-how-long/

[FXOpen_broker]

BTC AND XRP – CONSOLIDATION DEVELOPING BUT FOR HOW LONG?

BTC/USD

The price of Bitcoin has been in a decline since Sunday when it reached $34,716 at its highest point. We have seen a downfall to $30,367 but the price spiked further to $27,774 at its lowest wick before snapping back above the 0 Fib level. Currently, it is being consolidated above it and is moving sideways, sitting at $31,901 and is in an upward trajectory.



Looking at the hourly chart, we can see that the price completed another five-wave impulse to the upside that started on the 21st of December. This rise was most likely the ending wave of the higher degree count which is why now we are seeing some consolidation. The price action may continue to move sideways for some time now but if the 5th wave of a higher degree is in, then the price is now likely to decline further in a corrective manner.

Continue reading... https://www.fxopen.blog/btc-and-xrp-consolidation-developing-but-for-how-long/

[FXOpen_broker]

LTC AND EOS – ESTABLISHING SUPPORT BEFORE NEW HIGHS



LTC/USD
The price of Litecoin has been increasing since last week and came up from $124.2 at its lowest point on Saturday to $170 at its highest on Monday. This week has started with a pullback to $147.2 but the price is back on the same levels as on Monday.



Looking at the hourly chart, you can see that the price made an interaction with the horizontal resistance found at the $170 level and fell back to its ascending trendline. As it found support there again it is currently making another breakout attempt.

Continue reading... https://www.fxopen.blog/ltc-and-eos-establishing-support-before-new-highs/

[FXOpen_broker]

BTC AND XRP – HAS THE CORRECTION ENDED?



BTC/USD
From yesterday’s low at $30,340 the price of Bitcoin has increased by 20.71% as it came to $36,743 at its highest point today. Since then it has made a minor retracement and is currently sitting at around $35,340 and is in a downward trajectory.



Looking at the hourly chart, you can see that the price increase that ended on Friday was the ending wave from the higher degree count. This is why now we are seeing the development of the five-wave descending move. As it might have ended the price would now be expected to recover but as this is most likely the beginning of the descending move from the downside we are to see the downtrend continuation after the recovery has been made.

Continue reading... https://www.fxopen.blog/btc-and-xrp-has-the-correction-ended-3/

[FXOpen_broker]

BTC AND XRP – PRICES CONTINUE TO RISE



BTC/USD

The price of Bitcoin has been moving sideways since last week as it came up to $40,000 area but then fell to $33,813 at its lowest point yesterday. This occurred after recovery and now we are seeing another minor one with the price reaching $37,486. Currently, it is being traded slightly lower but is still in an upward trajectory.



Looking at the 4 hour chart, you can see that the price made it slightly below the 0.382 Fib level on Sunday’s low but managed to pull back up above it. This could indicate that support has been found but we are still yet to see if it manages to exceed the local high at the 0.618 Fib level.

Continue reading... https://www.fxopen.blog/btc-and-xrp-prices-continue-to-rise/

[FXOpen_broker]

LITECOIN AND EOS – BEARS ARE IN CONTROL



LTC/USD

The price of Litecoin has been in a decline since Tuesday when it was sitting at $166.11 and made a downfall to $130 level today, which was a decrease of 21.74%. Now the price is being traded slightly higher but is still in a downward trajectory.



Looking at the hourly chart, you can see that the price made a breakout below the ascending channel that formed since the 11th of January when the price fell to the $112.33 area. From there a recovery was made all the way up above the $160 level but now another impulsive descending move has been seen which is most likely the continuation of the corrective decrease. If this is the three-wave corrective decline from the 10th of January the move to the downside would be expected to continue and surpass the prior low at $112 and could potentially continue all the way down to $82.9.

Continue reading... https://www.fxopen.blog/litecoin-and-eos-bears-are-in-control/

[FXOpen_broker]

BTC AND XRP – BEARISH SCENARIO EXPECTED



BTC/USD

From yesterday’s open the price of Bitcoin has increased by 12.44% coming from its lowest point of $31,030 to $34,891 at its highest but has since then made a downfall. The price fell back to the same levels as on yesterday’s low and is now starting to make another recovery attempt. Currently it is sitting at around $32,221.



Looking at the hourly chart, you can see that the price made a recovery from the 22nd of January when it fell to $28,785 at its lowest wick. The decrease to those levels was the completion of the 3rd wave from the corrective structure that started developing after the all-time high.

Continue reading... https://www.fxopen.blog/btc-and-xrp-bearish-scenario-expected/

[FXOpen_broker]

LTC AND EOS – CORRECTION MIGHT HAVE ENDED BUT DOWNSIDE POTENTIAL STILL PRESENT



LTC/USD

The price of Litecoin has been on the rise since yesterday as it came from $118.1 to $132.15 which is an increase of 11.89%. Now it is being traded slightly lower but is still in an upward trajectory.



On the hourly chart, we can see that this recovery came after a decline of around 20.35% from its high on January 25th when it reached $147.8. This was the continuation of the descending move that started on the 7th of January and is part of the corrective structure of a higher degree count. The price found support on the 0.618 Fib extension level and is now looking for support on the 0.5.

Continue reading ... https://www.fxopen.blog/ltc-and-eos-correction-might-have-ended-but-downside-potential-still-present/

[FXOpen_broker]

BTC AND XRP – CORRECTIONS MIGHT HAVE ENDED BUT FURTHER CONFIRMATION STILL NEEDED

BTC/USD

The price of Bitcoins has been moving sideways in the last couple of days after it made a spike to the upside to $38,637 at its highest point. This increase of around 31.9% came after the price tested the descending triangles support level and was the impulsive move that made a breakout from the triangles on the upside.



As you can see from the hourly chart after a breakout was made the price fell back and retested the triangle’s resistance level for support, which was a pullback to $32,213. Support was present at those levels which is why we have seen further increase but the price didn’t manage to move back up for a higher high compared to the local one.

Continue reading... https://www.fxopen.blog/btc-and-xrp-corrections-might-have-ended-but-further-confirmation-still-needed/

[FXOpen_broker]

LTC AND EOS – PULLBACK OR THE BEGGING OF A DOWNTREND?



LTC/USD

The price of Litecoin has been in a decline from today’s open at $159 which was its highest point so far. It made a decrease of 9.67% at its lowest today but is currently being traded slightly high at is sitting at around $149.11.



On the hourly chart, you can see that today’s open the high made after a breakout from the descending triangle in which the price was since the 10th of January. The price fell from its high of $185.8 to the horizontal support level at $122 on three occasions and after the third test, a higher high was made and then finally a breakout to the upside on Tuesday. As the price continued making a higher high it exceeded the $155 horizontal level which was the mid-range of the correctional structure in the descending triangle but failed to go above the midpoint high at $166.7 before making a pullback.

Continue reading... https://www.fxopen.blog/ltc-and-eos-pullback-or-the-begging-of-a-downtrend/

[FXOpen_broker]

BTC AND XRP – BULLISH MOMENTUM CONFIRMED



BTC/USD

The price of Bitcoin has broken out from its prior resistance and impulsively came to $48,200 at its highest point today. From its lowest point on Sunda when it was sitting around $37,430, this is an increase of 28%. Currently, a minor retracement is being made with the price sitting at $46,604 but is still in an upward trajectoty.



This breakout indicates that the prior correctional formation from the 10th of January has ended and now we have a clear confirmation with the bullish momentum indicating a strong uptrend continuation. After the five-wave move inside the ascending channel was ended we have seen a minor pullback but an immediate breakout to the upside. This was most likely the 3rd sub-wave of the higher degree 3rd wave which is why further upside movement would now be expected.

Continue reading... https://www.fxopen.blog/btc-and-xrp-bullish-momentum-confirmed/

[FXOpen_broker]

BTC AND XRP – NEW HIGHS EXPECTED

BTC/USD

The price of Bitcoin has continued its upward trajectory from last Monday and came up from $37,691 at its lowest point to $49,808 at its highest point on Sunday which was an increase of 32.15%. From Sunday’s high, we have seen a pullback to the $46,000 zone but the price is now once again in an upward trajectory. Currently, it is sitting just slightly above $49,000 mark and is testing its horizontal resistance.



On the hourly chart, you can see that this rise is the next developing 5th wave from the higher degree impulse and from the lower degree one as well. This is why further upside would be expected but is most likely the ending wave from the rise that started on the 27th of January.

Continue reading... https://www.fxopen.blog/btc-and-xrp-new-highs-expected/

[FXOpen_broker]

LTC AND EOS – CORRECTION SOON TO COME?



LTC/USD

The price of Litecoin continued increasing since last week. From its lowest point last Thursday when it was sitting at $175.78 we have seen an increase of 36.57% measured to its highest point today at $240. Currently, it is being traded just below $230, but the price is in an upward trajectory overall.



Looking at the hourly chart, you can see that the price of Litecoin was in an upward trajectory from the 27th of January when it made the second test of the horizontal support level which was the lower level of the descending triangle in which it was correcting. As a breakout was made in early February it set the price for a higher high than in January. This is the development of the next five-wave move to the upside.

Continue reading... https://www.fxopen.blog/ltc-and-eos-correction-soon-to-come/

[FXOpen_broker]

BTC AND XRP – CORRECTION OR THE END OF THE INCREASE ALTOGETHER?



BTC/USD

From its all-time high at $58,360, the price of Bitcoin has made a decrease of 22.8% today as it fell to $45,058 at its lowest spike. Currently, it is being traded at $47,251 and the price is in a steep downward trajectory.



Looking at the hourly chart, we can see that the price ended its 3rd wave out of the impulse that started on the 27th of January. This is why the seen decrease is still considered correctional in nature but is still unclear where this downfall could end. If this is the developing 4th wave would have seen its first sub-wave which is why now a short-term recovery would be expected.

Continue reading... https://www.fxopen.blog/btc-and-xrp-correction-or-the-end-of-the-increase-altogether/

[FXOpen_broker]

LTC AND EOS – FURTHER DOWNSIDE MORE LIKELY



LTC/USD

The price of Litecoin has been in a decline from Saturday’s high when it came up to $247. From there we have seen a downfall of 35.8% measured to its lowest point of the week made on Tuesday at $158.56. We have seen a minor recovery as the price made a rise to the $190 area but has since pulled back again and is currently sitting just below $180.



Looking at the hourly chart, you can see that the price of Litecoin has fallen back to the 0.236 Fib level which was the horizontal resistance point of the prior high made on the 10th of January. It dipped below it which could serve as an early indication that the previous uptrend ended, but it managed to go back above it and is currently testing it for support. If the support gets validated at these levels we could see further uptrend continuation of the impulse wave that started on the 27th of January.

Continue reading... https://www.fxopen.blog/ltc-and-eos-further-downside-more-likely/

[FXOpen_broker]

BTC AND XRP – BREAKOUT SEEN BUT FIRST RESISTANCE ENCOUNTERED



BTC/USD

From Sunday’s low at around $43,070, the price of Bitcoin came up $49,579 at its highest point today which was a recovery of 15%. Since today’s high, we have seen a minor pullback but the price is still in an upward trajectory overall.



This recovery of 15% was a breakout from the descending triangle that formed from the 25th of February and was the 3rd sub-wave from the correctional move that started on the 21st. The price found support on the 0.5 Fib level on Sunday which led to the price increase and ultimately to a breakout but now new resistance has been encountered above the prior local high at the significant horizontal level.

Continue reading... https://www.fxopen.blog/btc-and-xrp-breakout-seen-but-first-resistance-encountered/

[FXOpen_broker]

LTC AND EOS – LOOKING FOR SUPPORT



LTC/USD

The price of Litecoin has been on the rise since the start of the month and came up from $154 to $197.24 at its highest point so far which was an increase of 28%. Since yesterday’s high we have seen a pullback to the $182 level above which it is currently being traded.



On the hourly chart, you can see that the price of Litecoin is making an interaction with the 0.5 Fib level measured from the 27th of January until the 20th of February which was the five-wave impulse to the upside that developed after a prolonged correction in January. The price made another minor breakout from the start of March from the descending trendline and is now inside another ascending channel

Continue reading... https://www.fxopen.blog/ltc-and-eos-looking-for-support/

[FXOpen_broker]

BTC AND XRP – SUPPORT FOUND



BTC/USD

The price of Bitcoin has fallen today to $53,548 at its lowest point from which we have seen an increase of 5.4% as a minor recovery was made to $56,388. Currently, the price is sitting at $55,893 as a pullback is being made but the price is still in an upward trajectory overall.



Looking at the hourly chart, you can see that the price has fallen back to the 0.382 Fibonacci level measured from the upward impulse from the start of the month to its new all-time high made on the 13th of March. This could be and most likely is the 4th wave out of the five-wave impulse to the upside from the next starting impulse wave to the upside. If that is true, then the price cannot fall inside the territory of the 1st wave which would be below the 0.5 Fib level at $52,361.

Continue reading... https://www.fxopen.blog/btc-and-xrp-support-found/

[FXOpen_broker]

BTC AND XRP – LOOKING BULLISH



BTC/USD

The price of Bitcoin has been on the rise since the 25th of March when it fell to $50,420 level. From there a recovery of 17.38% was measured to its highest point so far at $59,236. Currently, it is being traded slightly lower but is still on an upward trajectory.



The low on the 25th was the end of the corrective stage in which the price was since the 13th of March and as the third wave ended we have seen the start of the next impulsive move to the upside.

As its first wave looks like it has already developed now we could be already seeing the start of 3rd sub-wave from the five-wave impulse. The price would be now expected to continue moving upward above its last all-time high and potential somewhere around $68,000-$72,000 zone.

Continue reading... https://www.fxopen.blog/btc-and-xrp-looking-bullish/

[FXOpen_broker]

LTC AND EOS – MORE UPSIDE EXPECTED



LTC/USD

The price of Litecoin has been on the rise from the 25th when it was being traded at $169. We have seen an increase of 18.7% as the price came up to $200 at its highest point today. Currently it is being traded slightly lower but is still in an upward trajectory overall.



Looking at the hourly chart, we can see that the price came up to the 0.382 Fibonacci level and made an attempt to break out above it but failed to do so. The first attempt was made on the 29th from which we have seen some sideways movement below the level before finally another attempt was made today. The price would now be expected to make pullback as the 3rd attempt for a breakout failed, but we haven’t seen a rejection just yet.

Continue reading... https://www.fxopen.blog/ltc-and-eos-more-upside-expected-2/

[FXOpen_broker]

BTC STRUGGLING TO BREAK $60,000 WHILE RIPPLE SHOWN A PARABOLIC RISE



BTC/USD

The price of Bitcoin has attempted to break the $60,000 last week as we have mostly seen buyers’ pressure on the level throughout the week until Sunday when a decrease was made to $56,466. From there we have seen another increase followed by a higher low and now the price has made a higher high which is a bullish sign. However, it is once again back below the first horizontal level in line at $59,420 and is shortly going to make another breakout attempt.



The uptrend continuation would be expected in either way but it is still unclear whether or not before it we are going to see a deeper retracement. The primary scenario is a bullish one and says that now the price has started developing a new lower degree five-wave move to the upside.

Continue reading... https://www.fxopen.blog/btc-struggling-to-break-60-000-while-ripple-shown-a-parabolic-rise/

[FXOpen_broker]

LTC AND EOS – LOOKING FOR SUPPORT



LTC/USD

The price of Litecoin has been rising since last week and came up to its previous high at $244 on the 6th of April. From there we have seen a decline of 13.26% as it came down to $211.62. Currently, it is being traded at around $220.9 as a minor recovery has been made but the price has been moving to the downside again.



On the hourly chart, you can see that the price of Litecoin was on the rise since the 25th of March when it fell down to the 0.618 Fibonacci level. This was at first expected as a corrective 4th wave from the descending impulse wave but as it continued increasing from there above the 0.382 FIb level the count was invalidated which implied that previously we have seen a three-wave correction.

Continue reading... https://www.fxopen.blog/ltc-and-eos-looking-for-support-2/

[FXOpen_broker]

BTC AND XRP – BULLISH MOMENTUM SEEN



The price of Bitcoin has been moving sideways from the 10th of April when it came up again to the significant $59,420 level where it found resistance. We are now seeing a breakout from the minor triangle formed on Saturday with the price increasing by around 5% measured from its lowest point on Monday.



We can see that this breakout made a new all-time high on the hourly chart as an increase was made past the horizontal resistance at the $61,000 area. The momentum is looking strong which is why further upside continuation would be expected.

Continue reading... https://www.fxopen.blog/btc-and-xrp-bullish-momentum-seen/