Cryptocurrencies price prediction: Bitcoin, Ethereum, Litecoin - 27 August
|BTC/USD technical analysis: Price breaks lower as thin trading fails to inspire bulls
On the 5-min BTC/USD chart prices are starting to break lower after a very slow news day. It was noted earlier that when good news like the Telegram story does not inspire a price rally we may be in dangerous territory.
The Stochastic has turned south into the oversold area with both the K and D lines in negative territory.
The MACD indicator's histogram has also crossed the mid-line into the red with the faster MA also crossing lower.
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Ethereum technical analysis: ETH/USD bearish pennant vulnerable to downside risks
Ethereum price on Tuesday is trading in negative territory by 0.50%. ETH/USD price action is narrowing extremely within a bearish pennant structure. The range to the downside is seen at $185, to the upside $190; lower highs are being observed and higher lows.
Price action via the 60-minute chart view is producing lower highs and higher lows, subject to a breakout of the range.
Litecoin technical analysis: LTC/USD explosive moves in the waiting
Litecoin price on Tuesday is trading in negative territory by 1.00%. LTC/USD price action has done little over the past two weeks, narrowing. Price action like many of its peers has formed a bearish pennant structure.
The price is moving within a narrowing pennant formation via the daily. It appears to be the calm before the storm, given the two weeks of range-bound trading.
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