Send a NeuCoin tip to the writer

Earn NeuCoins by playing games & tipping

Further Trends on Altcoin Markets: Litecoin, DASH, ETH

Which resistance levels will be decisive for the weekly LTCUSD, ETHUSD and DASHUSD trends? It’ll be those, where the trends are most likely to change direction.

1130 Total
views
105 Total
shares
Further Trends on Altcoin Markets: Litecoin, DASH, ETH

Which resistance levels will be decisive for the weekly LTC/USD, ETH/USD and DASH/USD trends? It’ll be those, where the trends are most likely to change direction.

LTC/USD

One of the predicted scenarios of Litecoin’s price development has played out during this week. $3.25 was a key resistance level, which was broken through and then held by the sellers, after which the price formed a downward trend.

Litecoin price chart

Currently the weekly trend is heading downward. The LTC/USD price is recoiling after a downward trend.

For this movement to continue, the price will have to break through the resistance of $3.12. This point will be crucial for the buyers, and if they are in the minority, the price will keep going down.

Litecoin price chart

If, however, the advantage changes hands and the buyers keep a hold of it at the key level of $3.18, a turn to growth is the most likely scenario.

Litecoin price chart

The weekly resistance levels of $3.12 and $3.18 (BITFINEX) are responsible for the further development of the LTC/USD price.

ETH/USD

The ETH/USD price is recoiling towards the downward movement, which happened last week. Whether the market will keep going down or turn to growth depends on the traders’ behavior at the two key resistance levels of $11.8 and $8.6.

For a turn to happen, the ETH/USD price will have to reach the $11.8 mark. In that case, the price will hold at that level, provided the buyers keep acting strong. All that will be a good signal for an upward turn and formation of the third wave.

ETH price chart

If the buyers are disadvantaged, Ethereum’s price will hold at $8.6 and the downward trend will continue.

ETH price chart

Thus, the two key weekly levels are $11.8 and $8.6 (BITFINEX). They will determine the further direction of the trend.

DASH/USD

The DASH/USD is right now at the historical minimum of 5.95. This mark is also a long-term resistance, which may be the cut-off line for traders’ long-term positions.

DASH price chart

The weekly trend is right now headed upward, but for this to continue, the price has to hold at the level of 6.4.

DASH price chart

For a turn to decline, the sellers will have to hold the level of 5.5. In that case, the minimum target will be 4.6.

DASH price chart

Ultimately, the reaction of the DASH/USD price at the weekly resistance levels of 6.4 and 5.5 (POLONIEX) will determine the further movement.

1130 Total
views
105 Total
shares
×

Hottest Bitcoin News Daily

For updates and exclusive offers, enter your e-mail below.

X

Hottest Bitcoin News Daily

For updates and exclusive offers, enter your e-mail below.