Trend Analysis: BTC ETH XRP BCH LTC

BTC/USD
Current situation:
Bitcoin quotes went above $6450. We expect prices to rise to $6600- $6800. This growth is characterized as a correction upwards, before further decline. With this, we will expect a drop to levels: $6100, $5700. Since the global trend remains downward, we do not recommend buying this asset.

Cancellation of the scenario may be caused by Bitcoin price increase above $6800.

Resistance levels: $6400; $6450; $6800; $6900; $7200; $7400.
Support levels: $6300; $6100; $5800; $5400; $4500.

Forecast:
BTC/USD price reduction from $6600- $6800 with targets: $6100, $5700.

ETH/USD
Current situation:
The quotation of the Ethereum was fixed above the level of 200. The nearest resistance zone are the levels: $220, $240, $260. The main support zone is $195-$185.

We expect continued decline in the price of ETH/USD to $150.

Resistance levels: $220; $240, $280; $300; $325; $350; $380; $400.
Support levels: $200; $180; $150; $100.

Forecast:
Continued decline in the price of ETH/USD from $240-$260 zone with target in the area of $180- $150.

XRP/USD
Current situation:
Ripple's price left the consolidation zone up and reached the level of $0.56. At the moment, growth is possible to the level of 0.62. Since the asset is highly volatile, we do not exclude its further growth with the updating of local max. However, we do not recommend buying Ripple's cryptocurrency.

If the sellers manage to break through the $0.44- $0.40 zone, then we will expect XRP/USD quotation near $0.30.

Also, we do not exclude the renewal of minimum prices in the $0.20- $0.15 zone.

Resistance levels: $0.50; $0.58; $0.70; $0.76.
Support levels: $0.44; $0.38; $0.30.

Forecast:
Reduction of the price of Ripple from the level of $0.54 and the target near the level of $0.30.

BCH/USD
Current situation:
The price of Bitcoin Cash has reached $600. The maximum possible increase to $680.
We expect an update of the historical lows of the BCH/USD price in the $400- $350 zone. We also do not exclude a fall in prices to the level of $300, where the line of support for the downward channel is located.

Resistance levels: $620; $650; $680; $800.
Support levels: $600; $560; $520; $500; $450; $400; $350; $300.

Forecast:
Reduction of the price of BCH/USD from $620 and a target near $350.

LTC/USD
Current situation:
Litecoin price continues to be above $50. The maximum possible growth of quotes within the correction, before further immersion, is in the zone $58-$62.
We predict a fall in the price of Litecoin to the level of $46; we also do not exclude a fall to the $35 - $30 zone.

Resistance levels: $54; $58; $60; $62; $65; $68; $72; $75.
Support levels: $50; $49; $46.

Forecast:
Drop in the price of Litecoin from the level of $54 and the target - $46.
Bitcoin (Cryptocurrency)bitcoincashEthereum (Cryptocurrency)Litecoin (Cryptocurrency)rippleTrend Analysis

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