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BitcoinExchangeGuide Coins Update

Discussion in 'Bitcoin' started by SALIU YINUSA KOLAWOLE, Sep 4, 2018.

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  1. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Litecoin (LTC) Long Term Price Forecast

    LTC/USD Long-term Trend: Bearish
    Resistance Levels: $60, $70, $80
    Support levels: $40, $30, $20

    The LTC/USD pair was in a bearish trend in the first two weeks of November 2018. The crypto has an opening balance of $50.13 but price reached a low of $42.80 as at the time of writing. The digital currency faced resistance at the upper price level of $60 but was resisted at $56.86. The price fell and broke the 12-day EMA and the 26-day EMA which resulted in the bearish trend zone.

    While in the bearish trend zone, Litecoin had a bearish breakout that made the crypto to fall to the low of $42.80. Price of Litecoin has broken the lower level of price range. The digital currency has also reached the oversold region of the market. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


    The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
     
  2. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Bitcoin (BTC) Daily Price Forecast – November 22


    BTC/USD Medium-term Trend: Ranging

    Resistance Levels: $6,800, $6,900, $7,000
    Support levels: $4,500, $4,400, $4,300

    Yesterday, November 21, the price of Bitcoin was in a sideways trend. On November 20, the digital currency fell to its low at $4,534.90 and commenced a range bound movement above that price level. The price above $4,500 has been sustained in the last three days. The appearance of Doji and spinning tops candlesticks describe the indecision of buyers and sellers at this price level.

    Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The MACD line and the signal line are below the zero line which indicates a sell signal. From the price action, if price is resisted by the EMAs then the crypto's price is likely to fall. On the other hand, if price breaks the EMAs, the crypto's price is likely to rise.


    BTC/USD Short-term Trend: Ranging

    On the 1-hour chart, the price of Bitcoin is in a sideways trend. The price of the digital currency broke the 12-day EMA and the 26-day EMA as price moves to the bullish trend zone. The crypto's price now fluctuates below and above the EMAs. Price is presently below the exponential moving averages.



    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
     
  3. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Ethereum (ETH) Daily Price Forecast – November 26


    ETH/USD Medium-term Trend: Bearish

    Resistance Levels: $240, $250, $280
    Support Levels: $100, $90, $80

    Last week the price of Ethereum was in a bearish trend. The digital currency was below the 12-day EMA and the 26-day EMA which indicated that price was going to fall. On November 19, the crypto's price was resisted by the 12-day EMA and price fell in a downward trend.

    The digital currency fell to the low of $107.57 but the crypto's price was still within the bearish trend zone. Today, price is making a bullish movement from its low but may face resistance at the 12-day EMA. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

    Price is likely to remain bearish as long as the crypto is below the 12-day EMA and the 26-day EMA.


    ETH/USD Short-term Trend: Ranging

    On the 1-hour chart, the crypto's price is in a sideways trend. On November 25, the digital currency fell to the low of $103.58 and commenced a bullish movement. The bullish candlestick broke the 12-day EMA and the 26-day EMA indicating that price is rising. The 12-day EMA now provides support for the digital currency.

    If price breaks the 26-day EMA and remains above it, the crypto is likely to rise. But if it fell below the 26-day EMA, the crypto is likely to continue its downtrend trend.


    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
     
  4. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Litecoin (LTC) Daily Price Forecast – November 29


    LTC/USD Medium-term Trend: Bullish

    Resistance Levels: $66, $68, $70
    Support Levels: $25, $23, $21

    Yesterday, November 28, the price of Litecoin was in a bullish trend. The price of Litecoin is now above the 12-day EMA and the 26-day indicating that price is rising.

    The digital currency has broken the $35 price level and it is fluctuating at that level. Nevertheless, if the $35 price level holds traders should initiate long trades above that price level.

    Also, a stop loss order should be placed below the $35 price level. Meanwhile, the price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.


    LTC/USD Short-term Trend: Bullish

    On the 1-hour chart, the crypto's price is in a bullish trend. The digital currency is making a series of higher highs and higher lows.

    Meanwhile, the crypto's price is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone. Also, the MACD line and the signal line are above the zero line which indicates a buy signal.

    Traders are to ride on the bullish trend as long the uptrend last. They should allow the market to take them out of trading.



    The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
     
  5. MarvelPole

    MarvelPole

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    Whenever some one trades in the cryto currencies the main problem they face that when the coin prices go up how to cash these currency in the physical currency, as a lot of people are planning to invest in bit coins and are researching on the topic these kind of articles are life saver and are informative that deserves thumps up.
     
  6. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Bitcoin (BTC) Long Term Price Forecast- December 1


    BTC/USD Long-term Trend: Bearish

    Resistance levels: $7,200, $7,400, $7,600
    Support levels: $4,000, $3,800, $3,600

    The BTC/USD pair was bearish in the month of November 2018. The crypto's price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone. The digital currency is likely to fall in the month of December 2018.

    Meanwhile, on November 1, Bitcoin has an opening balance of $6,362.99 and today, November 30, the price is at $4,098.88. The price of Bitcoin has depreciated by 35.58 % of its capitalization.

    However, the entire bullish pullback has been erased by the bearish pressure. There will be no need for trade recommendation as the bearish pressure is ongoing.The MACD line and the signal line are below the zero line which indicates a sell signal.

    Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA.



    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
     
  7. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Ethereum (ETH) Daily Price Forecast – December 5

    ETH/USD Medium-term Trend: Bearish

    Resistance Levels: $240, $250, $280
    Support Levels: $100, $90, $80

    Yesterday, December 4, the price of Ethereum was in a bearish trend. There had been no significant price movement in the last 24 hours. The crypto's price is fluctuating below the 12-day EMA and all the price movements were resisted by the 12-day EMA. From the daily chart, the digital currency was unable to break the 12-day EMA and the 26-day EMA.

    This indicates that the price of Ethereum is not likely to rise. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The price is Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone. If the price tests the lower price level of $100 and the level holds; traders should initiate long trades in anticipation.


    ETH/USD Short-term Trend: Bearish

    On the 1-hour chart, the crypto's price is in a bearish trend. Today, the bullish trend broke 12-day EMA and the 26-day EMA and commenced range bound movement above it. But the crypto's price fell again below the EMAs which will result in the downtrend.


    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
     
  8. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Litecoin (LTC) Long Term Price Forecast – December 8


    LTC/USD Long-term Trend: Bearish

    · Resistance Levels: $60, $70, $80

    · Support levels: $30, $20, $10

    The LTC/USD pair had been in a smooth downtrend since the beginning of November 2018. On November 1, the crypto had an opening balance of $50.13 but has depreciated to the low of $25.25.

    The crypto's price is below the 12-day EMA and the 26-day EMA which is an indication of price falling. The exponential moving averages are tending southward an indication of a downtrend. From the Stochastic indicator, the reading is in the range below 20%.

    This indicates that the price of Litecoin has a strong bearish momentum and a sell signal. Since the bearish momentum of Litecoin is strong, the crypto is likely to fall. Meanwhile, the price of Litecoin is below the 12-day EMA and the 26-day EMA which indicates that a bearish trend is ongoing. The MACD line and the signal line are below the zero line which indicates a sell signal.


    The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

    Source: https://bitcoinexchangeguide.com
     
  9. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Bitcoin (BTC) Daily Price Forecast – December 12


    BTC/USD Medium-term Trend: Bearish

    · Resistance Levels: $6,800, $6,900, $7,000

    · Support levels: $3,300, $3,200, $3,100

    Yesterday, December 11, the price of Bitcoin was in a bearish trend. In the last 48 hours, the price of Bitcoin had been in the bearish trend zone.

    The crypto's price had been fluctuating above the $3,400 price level. It was suggested that if the bears broke the $3,400 price level, the crypto will resume the downtrend and price is expected to test the $3,000 price level.

    Today, the crypto's price is below the EMAs and price is fluctuating above the $3,400 price level. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.


    BTC/USD Short-term Trend: Bearish

    On the 1-hour chart, the price of Bitcoin is in a bearish trend. In the bearish trend of yesterday, the crypto’s price fell to the low of $3,413.3 and commenced a bullish movement on the upside. The bulls broke the 12-day EMA but were resisted by the 26-day EMA and price fell back to the bearish trend zone.

    Meanwhile, the price of Bitcoin is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. The Relative Strength Index period 14 is level 37 which indicates that price is nearing the oversold region.



    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

    Source: https://bitcoinexchangeguide.com
     
  10. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Weekly trading signals for major cryptos - DECEMBER 17th



    Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)


    BTC/USD

    [​IMG]

    Dominant trend: Bearish


    Supply zone:
    $5000, $6000, $7000
    Demand zone:
    $2000, $1500, $1000


    BTC/USD continues in a bearish trend in the long-term outlook. After breaking the predicted target at $3377 in the demand area of last week analysis on 13th December, the strong bearish pressure further pushed the cryptocurrency down to a new lower low at $3215 on 15th December ending the week in a bullish doji.


    This suggests brief bullish pullback may be expected in the days ahead. The bears’ return may be around the 10-EMA, after exhaustion. Moreover, the price remains below the two EMAs, the stochastic oscillator is in the oversold region at 6%, and its signal points down. These suggest further downward movement in BTC/USD. $3000 in the demand area may be the bears targeted lower low.


    ETH/USD

    [​IMG]

    Dominant trend: Bearish


    Supply zones:
    $250, $300, $350
    Demand zones:
    $50, $30, $10


    The week just ended opened bullish on 9th December as ETH/USD was up at $102.50 in the supply area, but the bulls later lost momentum as the day closed as an inverted hammer. This was a signal that the bears were back. $85.94 was the initial low but increased momentum dropped ETH/USD down to $83.17 in the demand area on 15th December ending the week with a bullish hammer.


    With a possible trend reversal, the bulls are gradually staging a return. ETH/USD was up at $91.46 in the supply area earlier today. Further upward movement was rejected by the 10-EMA which acted as a strong resistance. The bears still remain in control of the market and may return and push price further down south. With the price below the two EMAs and the stochastic oscillator signal at 8% in the oversold region, this suggests downward momentum. $50.00 in the demand area is still on the card as the trading week commences.


    For more signals: https://www.cryptocomparer.com/news...ltc-weekly-trading-signals-for-december-17th/
     
  11. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Ethereum (ETH) Daily Price Forecast – December 19


    ETH/USD Medium-term Trend: Bullish

    Resistance Levels: $240, $250, $280
    Support Levels: $100, $80, $60

    Yesterday, December 18, the price of Ethereum was in a sideways trend. On December 17, the ETH price closed at a price of $98.81 after a bullish trend. After that, the crypto’s price went into a sideways trend after facing resistance at the $98 price level. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.

    The crypto’s price broke the resistance at $100 price level and it is approaching the price at $105. On the other hand, if price breaks below the 12-day EMA and the 26-day EMA, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price of ETH is above the 12-day EMA and the 26-day EMA indicating that price is in the bullish trend zone.


    ETH/USD Short-term Trend: Bullish

    On the 1-hour chart, the crypto's price was in a bullish trend. The price of Ethereum reached the high of $99.20 and commenced a range bound movement. The crypto’s price is fluctuating below and above the 12-day EMA.

    If price breaks below the 12-day EMA and 26-day EMA, the crypto will resume its downtrend. On the upside, the crypto’s price has the tendency to rise above the EMAs but must break the resistance to reach other levels of prices.




    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.




    Source: www.bitcoinexchangeguide.com
     
  12. Tom Latham

    Tom Latham

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    Right now, the price is around 4000$; but nice to see the uptrend on BTCUSD; hope buyers will keep accumulating here.
     
  13. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Weekly trading signals for major cryptos - DECEMBER 10th

    Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)

    BTC/USD

    [​IMG]

    Dominant trend: Bearish

    Supply zone: $6400, $7200, $8000
    Demand zone: $2500, $2000, $1500

    The market remains under the control of the bears on the long-term outlook. Having achieved the predicted target last week at $3377 on 7th December and a further drop to $3277 in the demand area, the bears seems to have a brief rest. Exhaustion at the demand area denoted by wicks coupled with hammer signalled the bulls gradual return.

    BTC/USD was up at $3800 on 8th December, but a further upward movement was rejected around the 10-EMA. The cryptocurrency provides a down-trending market scenario with the formation of lower highs and lower lows.

    With the price below the two EMAs that are fanned apart which suggest strength in the context of the trend and in this case the downtrend, BTCUSD may be set for a new lower low as the bears’ pressure becomes much stronger.


    ETH/USD

    [​IMG]

    Dominant trend: Bearish

    Supply zones: $200, $220, $240
    Demand zones:
    $50, $40, $30

    The bears’ pressure was sustained in the past week as Ethereum went further down to $83.00 in the demand area on 7th December closing the week lower than the previous at $111.52. Rejection to further downward price movement was obvious as the bulls return this was signalled by the two hammers formation a strong indication of trend reversal.

    $102.50 in the supply area was retested as the new week began on 9th December.

    This flag formed by the bullish pressure was necessary for the market correction before the downtrend continuation. With the price below the EMAs an indication of strong bears pressure, $53.93 the 261.8 fib level in the demand area may be tested in days ahead


    For more signals: https://www.cryptocomparer.com/news...ltc-weekly-trading-signals-for-december-10th/
     
  14. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Litecoin (LTC) Daily Price Forecast – December 27

    LTC/USD Medium-term Trend: Ranging

    · Resistance Levels: $66, $68, $70

    · Support Levels: $30, $28, $26

    Yesterday, December 26, the price of Litecoin was in a sideways trend. In the last 24 hours, there had been no significant price movement as price ranges above the $30 price level. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.

    As the crypto ranges above the $30 price level, there is the likelihood of a price breakout. If the crypto’s price breaks below the $30 price level, the price of Litecoin will find support at the $24 price level. On the other hand, if price breaks upward, the crypto will reach the high of $37. Meanwhile, the stochastic indicator out of the oversold region above the 20% range which indicates that Litecoin is in a bullish momentum and a buy signal.


    LTC/USD Short-term Trend: Bearish

    On the 1-hour chart, the price of Litecoin is in a bearish trend. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates price is in a bearish trend zone. The crypto has the tendency to fall.

    Similarly, the stochastic indicator was out of the overbought region and it is below the 20% range which indicates that the crypto is in a bullish momentum and a buy signal.



    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

    Source: https://bitcoinexchangeguide.com
     
  15. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Bitcoin (BTC) Long Term Price Forecast- December 29

    BTC/USD Long-term Trend: Bearish
    · Resistance levels: $7,200, $7,400, $7,600

    · Support levels: $3,900, $3,700, $3,500

    The price of Bitcoin was in a bullish trend in the last week of December 2018. The crypto has an opening balance of $4,038.50 but traded and had closing price of $4,023 as at the time of writing. In the month of December, Bitcoin lost 0.38% of its capitalization.

    In December, neither the bulls nor the bears have control over the price of Bitcoin. The crypto’s price is below the 12-day EMA and the 26-day EMA indicating that price is in the bearish trend zone .

    Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Meanwhile, the price of Bitcoin is likely to fall as the price is below the 12-day EMA and the 26-day EMA. In addition, the stochastic is in the oversold region but below the 20% range. This indicates that the price of Bitcoin is in a bearish momentum and a sell signal.


    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

    Source: https://bitcoinexchangeguide.com
     
  16. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Weekly trading signals for major cryptos - JANUARY 3RD



    Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)

    BTC/USD

    [​IMG]

    Dominant trend: Ranging

    Supply zone: $6000, $7000, $8000
    Demand zone: $2000, $1500, $1000

    BTC/USD remained in a range-bound market in the long-term outlook. The bulls attempted to rally on 28th December that took the cryptocurrency to $4095 in the supply area but lacked the momentum for continuity hence the bears returned. BTC/USD closed the year at $3771.

    The new year opens with a break out from the 10-EMA as the cryptocurrency rose to $4083 in the supply area within the range.

    BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.


    ETH/USD

    [​IMG]

    Dominant trend: Bullish

    Supply zones: $250, $300, $350
    Demand zones: $50, $30, $10

    The rejection of the downward price movement and subsequent formation of a bullish engulfing candle on 28th December confirm the uptrend. ETH closed the year above the $100.00 as the bulls pushed the price up $153.00 in the supply are on 31st December.

    The new saw the bull sustaining the momentum after the bullish railroad on 1st January. $163.67 was retested yesterday as the bulls continue their journey up in the long-term.

    Price stands above the two EMAs crossover with stochastic oscillator signal points up at 76% in the overbought region which suggests upward momentum in the price of the cryptocurrency in the long-term.

    $174.00 in the supply area remains a target for the bulls in the long-term.


    For more signals: https://www.cryptocomparer.com/news...n-ltc-weekly-trading-signals-for-january-3rd/
     
  17. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Weekly trading signals for major cryptos - JANUARY 8TH


    Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)


    BTC/USD
    [​IMG]

    Dominant trend: Ranging

    Supply zone: $6000, $7000, $8000
    Demand zone: $2000, $1500, $1000

    BTC/USD continues in a range-bound market in the long-term outlook. The new year rally was shortlived as the bears stage a return as the price drops below the 10EMA. BTC/USD dropped to $3850 in the demand area on 4th January closing a bullish spinning top and an indication of bulls gradual return.

    The new trading week started on a bullish note with an engulfing candle as BTC/USD rose to $4218 in the supply area on 6th January. With the stochastic oscillator signal pointing up at 51% and price above the 10-EMA, the bulls may sustain the momentum within the rage in days ahead.

    BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.


    ETH/USD
    [​IMG]

    Dominant trend: Bullish

    Supply zones: $250, $300, $350
    Demand zones: $50, $30, $10

    The bullish exhaustion denoted by wicks on the candle at the $165.00 are signals that the bears are in for a minor retracement despite a bullish overall outlook.

    The bullish spinning top that opens the trading week on 5th January after pushing ETH/USD to $165.86 in the supply area failed to sustain the bullish momentum as the bears took over the market.

    The bearish momentum may increase leading to a further drop in the price of the cryptocurrency within the two EMAs before in the coming days, but the bulls will stage a comeback to attain the bulls target at $174.00 in the supply area.



    For more signals: https://www.cryptocomparer.com/news...n-ltc-weekly-trading-signals-for-january-8th/
     
  18. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Ethereum (ETH) Daily Price Forecast – January 10


    ETH/USD Medium-term Trend: Ranging

    · Resistance Levels: $240, $250, $280

    · Support Levels: $150, $130, $110

    Yesterday, January 9, the price of Ethereum was in the bearish trend zone. The crypto’s price had been trading above the $150 price level in the last four days. It was assumed that the bears would break the $150 price level since it was in the bearish trend zone.

    Meanwhile, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. Also, the stochastic indicator is above the 20% range which indicates that Ethereum is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.


    ETH/USD Short-term Trend: Ranging

    On the 1-hour chart, the crypto's price is in the bearish trend zone. Today, a bullish candlestick broke above the EMA but price pulled back. The crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall.

    The Stochastic is out of the overbought region but above the 20% range indicating that Ethereum is in a bearish momentum and a sell signal. The MACD line and the signal line are below the zero line which indicates a sell signal.


    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

    Source: www.bitcoinexchangeguide.com
     
  19. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Litecoin (LTC) Long Term Price Forecast – January 12

    LTC/USD Long-term Trend: Bearish

    · Resistance Levels: $60, $70, $80

    · Support levels: $30, $20, $10

    The price of Litecoin had been in a bullish trend since December 16, 2018. On January 1, the crypto’s opening price had risen to the high of $30.99. On January 8, the crypto’s price had reached the high of $40 but the bulls could not break the resistance at that level. On January 10, the bears broke the 12-day EMA and the 26-day EMA to the low of $33 price level.

    However, from the weekly chart or the daily chart, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that price is likely to fall. If the bearish pressure continues, the crypto will fall to the low of $30. However, if the bears break this level, then the crypto will find support at the $23 or $28 price level.

    Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The stochastic indicator is out of the oversold region but above the 60% range indicating that the price of Litecoin is in a bullish momentum and a buy signal.


    The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

    Source: https://bitcoinexchangeguide.com
     
  20. SALIU YINUSA KOLAWOLE

    SALIU YINUSA KOLAWOLE

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    Weekly trading signals for major cryptos - JANUARY 14TH


    Bitcoin (BTC), Ethereum (ETH), Monero (XMR), Ripple (XRP), Cardano (ADA), Stellar (XLM), EOS, Bitcoin SV (BCHSV), Tron (TRX), Litecoin (LTC)

    BTC/USD
    [​IMG]

    Dominant trend: Ranging

    Supply zone: $6000, $7000, $8000
    Demand zone: $2000, $1500, $1000

    BTC/USD remains in a range-bound market in the long-term outlook. After a push to $4218 in the supply area, the bulls lost momentum and a gradual drop in price happened until the 10th January when the bears’ takeover of the range was confirmed with a large bearish engulfing candle. BTC/USD dropped to $3686 in the supply area.

    Momentum to the downside is strong as confirmed by the stochastic oscillator signal pointing down at 12% in the oversold region. BTC/USD is already down at $3850 in the demand area in the first day of the trading week as the journey toward the lower price continues.

    BTC/USD is in consolidation and trading between $4370 in the upper supply area and at $3470 in the lower demand area of the range. A breakout at the upper supply area or breakdown at the lower area may occur hence patience is required to allow this to happen before a position is taken.


    ETH/USD
    [​IMG]

    Dominant trend: Bearish

    Supply zones: $250, $300, $350
    Demand zones: $50, $30, $10

    Several wicks of the daily candle at the $165.00 area confirmed it as a key supply area. The wicks signal to rejection for upward price movement and bullish exhaustion with the bears making an inroad to the market.

    Confirmation to the bears’ full takeover of the market came with a large bearish engulfing candle on 10th January.

    ETH/USD was down to $125.71 in the demand area with a break of the two EMAs. The journey to the low attained on 14th December at $83.00 in the demand area, may have started because the week opened bearish with the Ethereum already down to $117.07.



    For more signals: https://www.cryptocomparer.com/news...n-ltc-weekly-trading-signals-for-january-8th/
     
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