Bitcoin, Litecoin and Ripple price prediction: late turn hinders upwards projections

• Yesterday's closings make the technical setting dangerous and difficult mid-term predictions.
• The main cryptos are in different situations but the prospective scenarios are similar.

Bullish continuation hindered by sudden shift that brings cryptos to tricky situation

As we mentioned in yesterday's post, the technical setting developed in the morning by the bullish breaks was conditional to the session closing. Eventually, the upward hopes were not confirmed. We saw a typical move by professional traders, with sales increasing in the late American session that caused a closing below the reference lines. The change surely left many positions in bad condition.

As a result, the technical configuration has worsened and most cryptos are trading in highly conditioned environments.

BTC/USD 240 min

Bitcoin holds on above $11,000 in what we consider the only good news for the main crypto. On the bad side, the situation has become complicated both from trendlines and indicators points of view.

BTC/USD is moving in the early American session in a small triangle drawn by the intersection of several trendlines. The figure narrowness implies that the situation should be solved in the short-term.

The MACD diverges from yesterday's maximum, a clear sign of weakness that doesn't suggest a positive move. It is flat, slightly downwards but still undecided.

The Directional Movement Index shows how sales appeared suddenly yesterday, while the purchases decreased at a similar rate. The D- exceeds the D+ narrowly, and suggests a bearish character for today's session. This kind of technical pattern tends to change sides as the forces fight for the price direction.

Above, there is a first resistance at yesterday's maximum at $11,764, followed by $12,884. The head and shoulders bottom pattern is still valid but remains deactivated.

Below, the first support is at the triangle's bottom side, at $10,707, followed by $9,958. If these supports are broken, Bitcoin's price could go down to the channel's base.

Litecoin finds its way and keeps momentum despite losing an important level

LTC/USD 240 min

Litecoin failed its try to conquer the 50% retreat level, and went down it again in yesterday's evening. It is in a narrow bullish channel, supported at $220. Technically, it hasn't got as worse as Bitcoin, and it is still in good shape to keep raising.

The MACD is in a similar position to BTC/USD and has changed with respect to yesterday's move.

The Directional Movement Index does diverge from Bitcoin's. Purchasers haven't managed to overcome the sellers, although the gap's narrowness suggests a volatility increase in the short-term.

Above, the first resistance is at the 50% Fibonacci level, at $218.553, followed by the channel's roof at $246.

Below, there is a strong support at $218, the channel's base. If broken, the next support level is at the 38.2% retreat, at $206.36.

Ripple also suffered from late sales, but keeps the technical setting

The late sales got the XRP/USD to lose the trendline it had been following since February 10. It hasn't broken the figure that contains the price, but it is not trading near the bottom limits. The most negative news is the amount of barriers Ripple should face if it is to move upwards.

XRP/USD 240 min

The MACD has become slightly negative, very flat but following the price development. The only insight is the weakness and indecision.

The Directional Movement Index is much clearer. It shows how the sellers dominate the situation as purchases decreased. Today's development will be key for the mid-term.

Above, the first goal is at $1.1221, followed by $1.2268. If surpassed, it would face a complex structure of resistance between $1.31 and $1.46.

Below, there is a first support at $0.96, which would lead to the downwards trendline at $0.72 if broken.