Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin - American Wrap - 29 October
|BTC/USD technical analysis: We are in a technically complex zone
On the daily price chart below I have pointed out how important the resistance zone above the price is.
There have been seven points if not more where price has reacted off the levels in this vicinity.
On Saturday, the BTC/USD price also pushed out of the trendline and is still holding above.
The good news for the bulls is that it happened on good volume, this usually means its a good break.
On the right-hand side of the chart the bell curve is showing the price rejected at the price point where most contracts were traded on the Coinbase Exchange.
Ethereum technical analysis: ETH/USD bulls must break down $195 for greater upside momentum
Ethereum price is trading in the green, up 2.00% the session on Tuesday.
ETH/USD daily double bottom formation in focus, with the neckline, eyed at $195.
The next major upside target would be seen at $220 should the $195 be broken down.
Litecoin technical analysis: LTC/USD big retest of breached range block
Litecoin price is trading in the green, with gains of 2.70% the session on Tuesday.
LTC/USD daily price action is retesting a breached daily range-block formation.
Should the price hold on the retest, it could invite some further buying momentum coming back into play.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.