BitcoinExchangeGuide Coins Update

[SALIU YINUSA KOLAWOLE]

Weekly trading signals for major cryptos - JANUARY 21TH



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


BTC/USD

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 bears had a momentary hold of the range as BTC/USD made a low of $3570 while the bulls took the cryptocurrency initially to a high of $3799 and later to $3882 as the week ended on19th January.

Momentum to the downside remains strong. With the price below the 10-EMA and the stochastic oscillator in the oversold region and its signal pointing down at 14 %. The new trading week started on a bearish note with BTC/USD opened at $3762. The lower demand area of the range may be tested as the bearish momentum increase.

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

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

The head and shoulder pattern is the cryptocurrency structure in the long-term outlook. The bulls attempt continue the journey up north at $134.50 in the supply area was rejected by the 10-EMA on 14th January.

The formation of a bearish railroad on 15th January was an indication of the bears taken over of the market. Increased momentum led to a drop in ETH/USD to $107.51 in the demand area.

The price is below the EMAs crossover and the stochastic oscillator is in the oversold region at 16% an indication of downward momentum in price as the right leg of pattern forms in the week ahead.


For more signals: https://www.cryptocomparer.com/news...-ltc-weekly-trading-signals-for-january-21st/

 

[SALIU YINUSA KOLAWOLE]

Ethereum (ETH) Long Term Price Forecast- January 26


ETH/USD Long-term Trend: Bearish

· Resistance Levels: $350, $360, $370

· Support Levels: $110, $100, $90

The ETH/USD pair is currently in the bearish trend zone. The ETH price has an opening balance of $136 in the month of January 2019. The crypto was in a bullish trend as it reached the high of $165.86. However, the ETH price fell because of the resistance at $162. On January 10, the bears completed the bearish movement as the 12-day EMA and the 26-day EMA were broken and the price fell to the low of $129.50.

On January 13, the crypto depreciated further to the low of $117.94. Today, the crypto is presently ranging below the EMAs. The crypto is currently trading at $117.41 as at the time of writing. On the downside, the crypto cannot rise above the $120 price level. On the upside, the bulls have to break the EMAs and the price sustained to reach the highs of $130 and $160. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. 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.



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

 

[SALIU YINUSA KOLAWOLE]

Weekly trading signals for major cryptos - JANUARY 28TH



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


BTC/USD

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. $3462 in the demand area was the low of the week attained on 22nd January while $3570 in the supply area was the high of the week. This was attained on 26th January.

With the new trading week starting as a hammer, it suggests a possible trend reversal within the range and the bulls are staging a return.

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 so patience is required to allow this to happen before a position is taken.


ETH/USD

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

The bearish pressure remains strong as momentum for the journey down south is building up. The ending week saw Ethereum down to $107.51 in the demand area on 20th January. Although the bulls attempt to push the price back up, it was rejected at the 10-EMA area.

Exhaustion to the bullish momentum was seen as the new week began with ETH/USD briefly up at $122.00 in the supply area but ended the day a gravestone doji on 26th January, an indication of further strong bearish pressure.

The price is still below the EMAs crossover and already down to $112.16 in the demand area. The stochastic oscillator signal points down at 26%. This suggests a downward momentum in price. $85.75 in the demand area is the bears’ target in the long-term.



For more signals: https://www.cryptocomparer.com/

 

[lioneld]

Now the signal is very simple; just sell the BTC and wait for more falls. I don’t see, any intention from the buyers right now.

 

[SALIU YINUSA KOLAWOLE]

Litecoin (LTC) Long Term Price Forecast – February 2


LTC/USD Long-term Trend: Ranging

· Resistance Levels: $60, $70, $80

· Support levels: $30, $20, $10

The price of Litecoin is currently in a sideways trend zone. On January 1, the crypto has an opening balance of $30.99 but with a closing price of $32.03. The price of Litecoin has appreciated by 3.35% of its capitalization.

On January 6, the bulls took price to the high of $42.22 but it faced resistance at the $40 price level. The bears sink the crypto to the low of $32.47. Nevertheless, the price of Litecoin is fluctuating below and above the EMAs at the $32 price level.

Today, the crypto’s price is in a bullish trend and it is trading at $33.64 as at the time of writing. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the crypto’s price is below the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bearish trend zone.



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

 

[SALIU YINUSA KOLAWOLE]

Bitcoin (BTC) Daily Price Forecast – February 5


BTC/USD Medium-term Trend: Ranging

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

· Support levels: $3,400, $3,300, $3, 200

Yesterday, February 4, the price of Bitcoin was in the bearish trend zone. Yesterday, the bullish movements were resisted by the 12-day EMA. In the last 24 hours, the price action has remained the same. The crypto is below the 12-day EMA, the 26-day EMA and it was trading at the $3,400 price level. The BTC price is still fluctuating above the $3,400 price level.

On the downside, the crypto’s price is below the EMAs which indicates that price will fall and revisit the lows of either $3000 or $3,200 price level. On the upside, the BTC price has to break the EMAs and price sustained above it. The MACD line and the signal line are below the zero line which indicates a sell signal.


BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the BTC price is in the bearish trend zone. Yesterday, the BTC price made a bullish movement and the bulls broke the EMAs to the bullish trend zone. However, the bulls could not sustain a price above the EMAs, as the bears brought price to the bearish trend zone.

Today, the bulls are attempting to break the 12-day EMA but the price is still ranging. Meanwhile, the BTC price is below the EMAs which indicate that price is likely to fall. 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: https://bitcoinexchangeguide.com

 

[SALIU YINUSA KOLAWOLE]

Ethereum Classic (ETC) Long Term Price Forecast- February 9

ETC/USD Long-term Trend: Bearish.

· Resistance levels: $8, $10, $12

· Support levels: $5, $3, $1.

The ETC/USD pair had been in a bearish trend zone since January 7. On January 7, the bears broke the 12-day EMA, the 26-day EMAs and price fell to the low of $4.98. The crypto’s price further depreciated to the low of $4.27 to commence a range bound movement. The crypto’s price fluctuated at this price level until when resisted by the 12-day EMA and it fell to the low of $3.97. On February 8, at the low of $3.87, the bulls broke the 12-day EMA but were resisted at the 26-day EMA.

Today, the ETC price is currently trading at $4.40 as at the time of writing. Meanwhile, 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. The stochastic is out of the oversold region but above the 20% range which indicates that the ETC price 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: www.bitcoinexchangeguide.com

 

[SALIU YINUSA KOLAWOLE]

Litecoin (LTC) Daily Price Forecast – February 14


LTC/USD Medium-term Trend: Ranging

· Resistance Levels: $66, $68, $70

· Support Levels: $40, $38, $36

Yesterday, February 13, the price of Litecoin had continued its sideways trend. It has been ranging above the 12-day EMA in the past five days but the bears had broken below the EMAs. The crypto’s price fell to the low of $41.70 and immediately commenced a bullish movement. The bulls were attempting to break above the EMAs.

If they do, the crypto’s price will be in the bullish trend zone. The crypto may rise but will face resistance at the $48 price level. If the crypto’s price remains in the bearish trend zone, it may resume its downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.


LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bearish trend zone. On February 13, the bears broke the 12-day EMA and the 26-day EMA to reach the bearish trend zone. The price fell to a low of $41.71 and commenced a bullish movement. The bulls were resisted at the 26-day EMA and price fell back into the bearish trend zone.

It is likely the crypto’s price will further depreciate if the price remains in the bearish trend zone. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, 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.



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

 

[SALIU YINUSA KOLAWOLE]

Bitcoin (BTC) Long Term Price Forecast- February 16


BTC/USD Long-term Trend: Bearish

· Resistance levels: $7,200, $7,400, $7,600

· Support levels: $3,500, $3,300, $3,100

Last month, January, the BTC/USD pair was trading in the bearish trend zone. With an opening balance of $3,832.60, the BTC price depreciated to the low of $3,503.80. In other words, in January, the crypto lost about 8.57% of its capitalization. In January the bears broke the $3,700 support level as price continued its fall to the $3,400 price level.

The broken support level of $3,700 is now a resistance level for the BTC price. On February 8, the cryptocurrency came out of the bearish trend zone as the bulls broke the 12-day EMA and the 26-day EMA. The crypto’s price reached a high of $3,800 but closed at a price of $3,724.

The crypto is facing resistance at the $3,700 and $3,800 price levels. Currently, the BTC price is retracing from the recent high and has fallen to the support of the EMAs. If the price is sustained above the EMAs, the crypto is likely to resume its bullish trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


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

 

[SALIU YINUSA KOLAWOLE]

Ethereum (ETH) Daily Price Forecast – February 20


ETH/USD Medium-term Trend: Bullish

· Resistance Levels: $240, $250, $260

· Support Levels: $140, $130, $120

Yesterday, February 19, the price of Ethereum was in a bullish trend. The crypto’s price was trading at $151.68 when the crypto was resisted. The crypto was resisted at the $150 price level and the price fell to the support of the 12-day EMA. The bullish trend has been terminated but the ETH price is trading at $145.76 as at the time of writing.

On the upside, the crypto’s price will rise if crypto’s price is sustained above the EMAs while the bulls break the $150 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.


ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the crypto's price is in a bullish trend zone. The previous bullish trend has been terminated as price made a downward fall. The ETH price has fallen to the support of the $140 price level and the bulls are expected to defend the support level.

On the downside, if the bears break the $140 price level, the crypto will further depreciate.
Meanwhile, the MACD line and the signal are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is likely to fall.


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

 

[SALIU YINUSA KOLAWOLE]

Litecoin (LTC) Long Term Price Forecast – February 23


LTC/USD Long-term Trend: Bullish

• Resistance Levels: $60, $70, $80
• Support levels: $30, $20, $10

The LTC/USD pair is in a bullish trend zone in the month of February. On February 1, the crypto has an opening balance of $32.04. After its range-bound movement, on February 8, the bulls broke the 12-day EMA, the 26-day EMA and reached the high of $43.81. The crypto’s price is in the bullish trend zone which indicates that the crypto will continue to rise. The crypto’s price reached another high of $53.79 but closed at the $52.56. The crypto is expected to reach the highs of $60 and $65 price levels.

The forecast will be invalidated if the bears break below the EMAs, and the crypto resumes a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that the crypto is in the bullish trend zone.



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

 

[SALIU YINUSA KOLAWOLE]

Bitcoin (BTC) Daily Price Forecast – February 28

BTC/USD Medium-term Trend: Ranging

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

· Support levels: $3,800, $3,700, $3, 600

Yesterday, February 27, the price of Bitcoin was in a sideways trend. Price of Bitcoin is ranging above the $3,900 price level. The crypto’s price was trading below the 12-day EMA and the 26-day EMA. Yesterday, the bulls attempted to break the 12-day EMA but were repelled. Today, the bulls are trying to break above the EMAs.

If the bulls fail to break the EMAs, the crypto will continue its range bound movement. On the downside, if the bears break the $3,900 price level, the crypto will resume its downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price likely to fall.

BTC/USD Short-term Trend: Ranging

On the 1-hour chart, the BTC price is in the bullish trend zone. The BTC price was ranging below and above the 12-day EMA and the 26-day EMA. Yesterday, the bears broke the below the EMAs and the bulls pulled back above the EMAs.

The crypto’s price is trading at $3,909.60 above the EMAs as at the time of writing. Today, the crypto’s price is above the EMAs indicating that price is in the bullish trend zone. 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: https://bitcoinexchangeguide.com

 

[SALIU YINUSA KOLAWOLE]

Ethereum (ETH) Long Term Price Forecast- March 2


ETH/USD Long-term Trend: Bullish

· Resistance Levels: $350, $370, $390

· Support Levels: $140, $120, $100

The ETH/USD pair was in a bullish trend zone in the month of February. On February 1, the crypto has an opening balance of $108.61. On February 28, the ETH price closed trading at a price of $138.17. The crypto appreciated by 27% of its capitalization in the month of February. On February 8, the bulls broke above the EMAs to the bullish trend zone. The ETH price rose to a high of $163.78. However, the price of Ethereum faces resistance at the $160 price level. On February 24, the crypto’s price made a downward correction as the price fell to the low of $135.20.

The bulls made a pulled back as the crypto now ranges above the $138 price level. Today, ETH price is trading at $139.83 as at the time of writing. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. 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.


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

 

[SALIU YINUSA KOLAWOLE]

Litecoin (LTC) Daily Price Forecast – March 7


LTC/USD Medium-term Trend: Bullish

· Resistance Levels: $66, $68, $70

· Support Levels: $40, $38, $36

Yesterday, March 5, the price of Litecoin was in a bullish trend zone. The bulls continued to trend higher as the crypto’s price reached a high of $56.60. The bulls have earlier overcome the resistance at the $50 price level as the crypto’s price trends higher. On the upside, if the crypto’s price is sustained above the EMAs, the price of Litecoin is expected at the $70 price level.

On the downside, if price breaks below the 12-day EMA and the 26-day EMA, the crypto is likely to resume a downward trend. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.


LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The 12-day EMA and the 26-day EMA are trending northward indicating the bullish trend. The crypto’s price is trading at $58 as at the time of writing.

The crypto’s price is above the EMAs which indicate that price will continue to rise. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.



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

 

[SALIU YINUSA KOLAWOLE]

Ethereum (ETH) Long Term Price Forecast- March 9


ETH/USD Long-term Trend: Bullish

· Resistance Levels: $350, $370, $390

· Support Levels: $140, $120, $100

The ETH/USD pair had been in a bullish trend in the last five days. On March 5, the bulls break above the 12-day EMA, the 26-day EMA and it reached a high of $140 price level. In the last four days, the bulls failed to break the $140 resistance level . The crypto’s price on the other hand is making a downward correction. On the upside, the ETH price will rise if the bulls sustain a price above the EMAs. The price of Ethereum is expected to rise to retest the $160 resistance level. The $160 resistance level has remained unbroken since January 2.

On the downside, if the bears break below the EMAs during the downward correction, the crypto’s price will be in the bearish trend zone. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is in the bullish trend zone.



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

 

[SALIU YINUSA KOLAWOLE]

Bitcoin (BTC) Daily Price Forecast – March 14


BTC/USD Medium-term Trend: Ranging

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

· Support levels: $3,800, $3,700, $3, 600

Yesterday, March 13, the price of Bitcoin was in a sideways trend. The BTC price was ranging above the $3,900 price level. The 12-day EMA and the 26-day EMA also was trending horizontally indicating that the price is in a sideways trend. The crypto’s price is still below the EMAs while in a range bound movement. This indicates that the crypto’s price is likely to fall.

On the upside, if the bulls break above the EMAs, the crypto will be in the bullish trend zone. Probably, to retest the $4,000 resistance level. On the other hand, if the bulls fail to break the EMAs, the crypto will continue its downward trend. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The BTC price is below the 12-day EMA and the 26-day EMA which indicates that price is in the bearish trend zone.


BTC/USD Short-term Trend: Bearish

On the 1-hour chart, the BTC price is in a bearish trend.On March 13, the bulls broke above the EMAs, while the price is making a downward correction. The BTC price is trading at $3,939.0 as at the time of writing. Today, the crypto’s price is below the EMAs indicating that price is in a bearish trend. 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: https://bitcoinexchangeguide.com

 

[SALIU YINUSA KOLAWOLE]

Litecoin Price Prediction Today: Daily (LTC) Value Forecast – March 18


LTC/USD Medium-term Trend: Bullish

· Resistance Levels: $66, $68, $70

· Support Levels: $40, $38, $36

Last week, the price of Litecoin was in a sideways trend. The price of Litecoin was ranging above the $56 in a range bound movement. The 12-day EMA and the 26-day EMA was trending horizontally indicating the sideways trend. On March 15, the bulls broke the EMAs as the price reached a high of $62.26. The bears made a downward correction to the low of $61.54. Today, the bulls are making another bullish movement to break the $64 resistance level but has fallen again.

On the upside, if the bulls break the $64 resistance level and price is sustained above it, the price of Litecoin will reach a high of $70. On the other hand, if the bulls fail to sustain a price above the $64 price level, the crypto’s price will fall. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is below the EMAs which indicate that price is in the bearish trend zone.


LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is making a series of higher highs and higher lows. The LTC price is trading at $62.89 as at the time of writing. A trend line has been drawn to determine the price level and the duration of the trend. If price continues to test the trend line without breaking it, the trend is said to ongoing.

Meanwhile,the trend has been terminated as price breaks the trend line. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is below the EMAs which indicate that price is in the bearish trend zone.


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

 

[SALIU YINUSA KOLAWOLE]

Ethereum Price Prediction Today: Daily (ETH) Value Forecast – March 20


ETH/USD Medium-term Trend: Ranging

· Resistance Levels: $240, $250, $260

· Support Levels: $140, $130, $120

Yesterday, March 19, the price of Ethereum was in a sideways trend. The crypto’s price was ranging above the $136 price level. Today, the bears broke the 12-day EMA and the 26-day EMA but the bulls’ pullback to continue the range bound movement. On the upside, if the bulls break above the EMAs and the price is sustained, the crypto’s price will face the $140 resistance level.

On the downside, if the price continues its fall, the crypto’s price will find support at the $130 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The ETH price is below the EMAs which indicate that price is in the bearish trend zone.


ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the crypto's price is in a bearish trend zone. The price of Ethereum has been ranging above the $136 price level in the last 48 hours. Yesterday, the bears broke the EMAs to the low at $136.54 but the bulls made another attempt to break the EMAs.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, 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.


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

 

[SALIU YINUSA KOLAWOLE]

Bitcoin Price Prediction: Long-term (BTC) Value Forecast – March 23


BTC/USD Long-term Trend: Bullish

· Resistance levels: $7,200, $7,400, $7,600

· Support levels: $3,900, $3,800, $3,700

The BTC/USD pair had been in the bullish trend zone in the month of March. On February 23, the bulls tested the $4,200 resistance level but failed to break the level. The BTC price fell as the bears broke the support levels and 12-day EMA. On February 25, the bulls made a pulled back above the 12-day EMA.

Since then the crypto’s price had been in the bullish trend zone but trading within a tight range. From February 25 to March 14, the crypto’s price was trading in a tight range. The bulls were unable the break the $4,000 resistance level. On March 15, the bulls broke the $4,000 resistance level but were likely to face the $4,200 resistance level.

On the upside, the bulls will break the resistance level if more buyers are introduced at the upper price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The crypto’s price is above the 12-day EMA and the 26-day EMA which indicates that price is likely to rise.



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

 

[SALIU YINUSA KOLAWOLE]

Litecoin Price Prediction Today: Daily (LTC) Value Forecast – March 28


LTC/USD Medium-term Trend: Bullish

· Resistance Levels: $66, $68, $70

· Support Levels: $40, $38, $36

Yesterday, March 27, the price of Litecoin was in a bullish trend. The crypto’s price had earlier fallen to the bearish trend zone after testing the $62 resistance level. Yesterday, the bulls broke the 12-day EMA and the 26-day EMA as the price reached the bullish trend zone. The price reached a high of $62.37 and the bulls were resisted.

The price is retracing and can possibly fall below the EMAs. On the upside, if the price is sustained above the EMAs, the bulls will break the $62 price level. On the downside, the crypto’s price will fall if the bulls fail to break the EMAs. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the crypto’s price is above the EMAs which indicate that price is in the bullish trend zone.


LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in the bullish trend zone. The crypto’s price is making a series of higher highs and higher lows. The crypto’s price is trending above the 12-day EMA. On March 27, the bulls reached a high of $62.37 and price retraced and fell below the EMAs.

On the downside, if the bearish trend continues, the crypto’s price will fall and find support at the $58 price level. Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. The LTC price is above the EMAs which indicate that price is in the bullish trend zone.


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