Top 3 cryptocurrencies price prediction: Bitcoin fails to break $10000, but bullish action prevails

Austria brings the new Crypto scam

Austrian investment scheme "Optioment" has stolen $115 million worth of Bitcoin, showing again the necessity of staying alert about possible scams in the Crypto sphere. Hundreds of investors that trusted Optioment and deposited their investments in their servers have seen how the company officials have vanished with about 12000 Bitcoins. The company was offering high returns in the short term and rewarded the users that brought new clients to them, matching some of the typical Ponzi scheme structures.

Ponzi schemes are fraudulent investment structures that promise high returns in the short term, a promise they fulfill just enough time to create a 'call effect' that ends up taking away everything from the investors that fall in the trap. 

Despite the news, trading in the major Cryptocurrencies has not been affected by the news and have continued their upwards trajectory.

BTC/USD daily chart

Bitcoin price has not been able to consolidate above $10000, after briefly breaking the level during Asian time. First test of the level was quickly rejected, but in the second one the rejection has been more hesitant, retracing with not very much strength. If we go back to December, when the psychological mark was broken for the first time, we should remember the euforia generated after BTC reached the five figures, which took the price all the way up to $19000.

MACD in the Bitcoin daily chart is crossed up, but still shows a certain exhaustion, which is nothing unusual if we consider the bullish strides it has made. Moreover, the first support is really close at $9964, which makes the technical outlook very constrained and makes another bullish impulse very necessary if BTC wants to break above $10000.

Directional Movement Index also shows an exhaustion pattern, with D+ already below ADX, which should be losing steam during the next trading sessions.

On the upside, first resistance is at $11630, followed by $12989 and $14076 as the next ones.

The first support is at $8423, and if that is broken it will take the price back to the next important one, at $7825.

Litecoin consolidates above $200, aims higher targets

Litecoin keeps having a blast this week. It started with rumors of a hard fork, quickly denied by its founder, and continued with the creation of the LitePay system by Bitpay. Market has digested well these news and LTC/USD has risen from $150 to $230, a meaningful rise that takes Litecoin price to a range not seen for the last month.

LTC/USD daily chart

MACD in the Litecoin chart is resting above the 0 line, and looks configured to initiate another bullish move.

Directional Movement Index shows notable confusion since LTC/USD reached $230. There's equilibrium between buyers and sellers in the current levels, with a slight edge for the second group. ADX shows a fall of the trend strength, a logic development in a compressing development as the triangle that currently rules the Litecoin price action.

On the upside, first resistance is at $218.10, followed by the recent high at $239.13. If that one is broken, next target would be at $271.099.

On the downside, first support at $206.59, followed by $195.02.

Ripple is trading in a very sensible technical area

Ripple started the week with big gains, but has been losing strength since then, following the same pattern of other Cryptocurrencies. XRP/USD is resting now just above a trendline that needs to hold if it wants to keep the bullish outlook. It that level gets breached, Ripple price could fall down to $0.96, the current main support and the level that, if broken, would take XRP to a medium-term bearish outlook.

XRP/USD 4H chart

MACD in the Ripple chart is following the price action to perfection, replicating the lateral movement and not showing any divergence. It's not an optimal scenario, as it points to more lateral action.

Directional Movement Index shows an increase of the number of sellers, with the buyers retreating. There is still some margin between both positions, backing the continuity of the lateral movement.

On the upside, first target is at $1.2268, followed by $1.4163. If that is broken, Ripple price will target $1.7226, levels not seen since mid-January.

Below, first support is at $1.0581, followed by an important support located at $0.96. If that gets breached, price would go straight down to the bearish trendline at $0.90.