Where's Ripple Heading

After a sharp fall, Ripple bounced back from the low of $0.564. We believe that it will enter in a range-bound trading. The support of the range is $0.61, whereas, the resistance will be at $0.87. Just above the $0.87 level, there will be the downtrend and the moving averages. Breaking out the downtrend will be the first sign of recovery.

Ethereum How to Trade

Like other Crypto, Ethereum saw a decline in price until it found a support at $562. The pullback couldn't go above 38.2 percent Fibonacci retracement level of the recent fall from $1414 to $562. We believe that the stronger resistance will be as shown on the chart from the  20-day EMA and 50-SMA at around $940.

On the other hand, any next fall to $750 and $700 levels will attract the bulls to add some long trades on their positions.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns.

 

NEO HOW to Trade

NEO has broken below the 50-day SMA, the critical support of $93, but it saw a huge buying at $63 level which is 78.6 percent Fibonacci retracement levels of the recent rally from $25 to $200. It bounced back quickly to $123 and gained huge profit.

As shown from the chart, although NEO went above 50-day SMA and $93 level again it stopped by the trendline which acts now as a  resistance. We believe that breaking up the trendline 

will confirm the bullish view on NEO.

On the other hand, any dips will find support from $93 level thereafter the 100-day SMA.

LTC how to Trade

In spite of uncertainty and the strong selling across all the crypto, we will try to identify some lower levels which may offer us good deals.

LTC is trading below 100-day SMA which is a bearish sign, it also could not break out the downtrend which resulted in falling to around $100  level as we predicted in the last analysis. 

Therefore, long traders should wait for $100 level to hold the price because this is will be the first recovery sign. The strong bullish sign will be breaking out the downtrend and the $175 level. 

Conversely, if $100 level broken, LTC will sink to $82 level. 

NEO HOW to Trade

NEO has suffered from the panic selling across all the crypto yesterday. The bears took it to $93  levels. This level proved to be a good support, it is 61.8 percent Fibonacci retracement levels of the recent rally from $25 to $200.

Moreover, NEO  is still trading above The 50-day SMA which is quite positive. On the way up we expect $135 level will show some resistance and just above it, there will be the trendline. Therefore, we only recommend open long on a break out off the trendline.

Any dips will find support from the 50-day SMA and then $93  level.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns.

LTC how to Trade

After breaking down the strong support at $175, the bears succeeded to bring LTC to $100 level.

 Strong buying triggered at this level and a pullback carried it to 100-day SMA which acts as a resistance. Apart from 100-day SMA Litcoin will face a strong resistance at $175 level which is 23.6 percent Fibonacci retracement level of the recent fall from $420 to $100.

Hence, if LTC can't break out this level as well as the downtrend in the near future, it may retest the $100 again.

At this current situation we don't recommend any trade on LTC.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns.

Stellar what's next

XLM has broken the trendline and the 50-day SMA after the panic selling across all the crypto today.

We forecasted in our previous analysis that if Stellar breaks the trendline it will fall to $0.30 and that what happened. This level emerged strong buying which took Stellar back to $0.45 level very quickly.

Actually, $0.45 level is 23.6 percent Fibonacci retracement level and where 50-day SMA is located now, so they both act as strong resistance as shown in the chart.

Therefore, aggressive traders can open long when a break out of the trendline, others they should wait for a bullish confirmation which is above $0.64.

On the other hand, if the next dip towards $0.30 holds the price, we suggest initiating long positions. 

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns.