Trend Analysis: BTC ETH XRP BCH LTC

BTC/USD
Current situation:
Bitcoin quotes traded near the $6400, $6450 resistance lines. If the price of BTC/USD will be able to overcome the level of $6450, then an increase to 6600-6800 is possible. 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:
Reduction of the price of BTC/USD from $6350 and objectives: $6100, $5700.

ETH/USD
Current situation: The quotation of the Ether continues to be near the level of $200. The price of ETH/USD failed to go down from its local uplink. The nearest resistance zone are the levels: $205, $210, $240. 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 fall in the price of ETH/USD from $200 and the goal in the area of $180- $150.

XRP/USD
Current situation:
The situation does not change, the price of XRP/USD is located near an important support area. 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.

Cancellation of the scenario - Ripple price growth above $0.50.

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

Forecast:
Ripple price reduction to $0.42.

BCH/USD
Current situation:
The price of Bitcoin Cash has increased the most, compared with the other assets analyzed. The BCH/USD quote reached 550. Corrective price increase BCH/USD continues. We associate this growth with the announced hardfork of the cryptocurrency, which is to be held on November 15.

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

Forecast:
BCH/USD price reduction to $350, after breaking through $425.

LTC/USD
Current situation:
The price of Litecoin 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:
The decrease in the price of Litecoin from the level of $54 and with the target of $46.
Bitcoin (Cryptocurrency)bitcoincashEthereum (Cryptocurrency)Litecoin (Cryptocurrency)rippleTrend Analysis

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