LTC Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

LTC is still trading above 20-day EMA and 50-day SMA which is positive. Also, the moving averages completed a bullish crossover today. However, LTC has suffered from the trendline in the past four days. Once this trendline is broken out, it may go to its first target at $260 thereafter $300.

On the way down, $200 level should be a good support. LTC will be negative only if it goes under $175.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

BTC Analysis

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

We had predicted a fall to $9100 level in our last analysis, but the price didn't reach our target and it bounced back from $9300. Now BTC is trading above 20-day EMA, however, it is very close to the upper line of the descending channel. This line of the channel coincides with the trendline ( as shown in the chart) and both behaved as a  stiff resistance. Once the pulls succeed to break out the channel BTC may go to $11900 level. Above this level, BTC will be strongly bullish.

Conversely, If BTC can't break out the channel, it may retest $9300 level again.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

Ethereum How to Trade

* We always provide both the bullish and bearish scenarios because the traders should be aware of what to expect in both cases.

Ethereum broke down the 20-day EMA, which is negative. Also, it is now trading inside a downtrend channel which behaved as a strong resistance many times in the past.

To see a recovery in Ethereum, we need first to clear the 20-day EMA and then break out the downtrend channel. If this happens, we expect Ethereum to rally to $1000 level. Hence, you can open long on a break out of the channel and then book profits on 50% positions at $1000. Since this level will face a stiff resistance.

On the downside, $770 will provide support for any dips. However, if this level broken Ethereum may fall to $610.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

BTC What's Next

We had predicted in last analysis that BTC will find strong resistance from the upper line of the descending channel around $12000. It bounced back from that line today.So, what's next?

BTC should find support from the uptrend line which formed inside the channel. Just below this uptrend, there will be $10000 level. This level should be watched carefully if it's broken down a fall to $9100 level is possible.

On the other hand, as we mentioned in our previous analysis BTC will give us a strong bullish sign if it breaks out the descending channel.

LTC is still Bullish

Litcoin is trading above 20-day EMA and 50-day SMA which is quite positive. I believe that we may see the second leg to $270 level. As always we shouldn't forget old trendlines, hence, the trendline and 50-day SMA will provide us with a great buying opportunity at $200 level.

On the way down, if LTC breaks down the trendline it will find support from $175 level and the 20-day EMA.

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

BTC Analysis

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

We had predicted in the last analysis that if BTC breaks out the old trendline it will rally to 50-day SMA.

BTC broke the trendline on Feb. 17 and it was stopped by both the 50-day SMA AND  38.2  percent Fibonacci retracement level. If BTC can clear 50-day SMA it will find strong resistance from the upper line of the descending channel around $12000. The strong bullish sign occurs when BTC breaks out the descending channel.

On the other hand, $10,000 will be the first support level thereafter the 20-day EMA at $9200 level.

Ripple is Bullish

Please be noted that I'm  just giving the possible higher or lower levels developing according to the chart patterns. It's my own analysis. You should conduct your own research when making a decision.

Ripple is trading above the 20-day EMA, and it sustained above $1 level for two days. These are signs of recovery. I recommend open long position at the current levels with the first target at $1.50 where 50-day SMA is now. This level should be watched carefully as it may provide strong resistance.

On the other hand, any dips towards $1 level should be taken as a buying opportunity. Ripple will only be negative if it goes under $0.87 level.