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Bitcoin (BTC) Crypto Price Technical Analysis
BTC did manage to pull back from our intraday regions of 16300$ and reached the 18500$, we believe upside push to be extended towards the 18800$(wick fishing towards that region), from there a drop towards the 14,000$ is expected.
Ethereum (ETH) Crypto Price Technical Analysis
ETH has completed its intraday upside movement of 590$-600$, aligning with the BTC analysis ETH can see the upside push one last time before coming back towards the downside of 400-420$.
Ripple (XRP) Technical Price Analysis
XRP did outperform BTC and ETH in the past few days and breached the 64 cents regions(which was unexpected).
We believe the XRP rally is within the final phase and we can expect the drop soon (Wait for the confirmation from BTC and ETH)
XRP downside targets are located towards the 0.40$(first zone) and even push towards the 0.30$(second target).
Litecoin (LTC) Technical Price Analysis
LTC is also holding the current 80$ region (forming the lower highs on the higher time frame).
Aligning with the BTC analysis LTC will start its downside movement towards the 45-50$ soon.
Bitcoin Cash (BCH) Technical Price Analysis
As most of the alts have completed their upside movements of the longer-term perspective, we think it’s time to start considering the downside targets of BCH as well.
Long term upside targets of BCH is located at around 480-500$, if it comes through that will be ~60% profits from the current zone. (if BTC and ETH sustain its zones, BCH will likely to hit the zone).
As the drop is expected from the BTC, we can see the downside regions of BCH first before going towards the upside zones. (Target located at around 200$)