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Price analysis for Bitcoin, Ethereum, Litecoin and Zcash
Last week Bitcoin underwent a very important event. The $2,900 resistance zone that remained untouched since the beginning of June was hit. If you look at the daily chart, you will see a clear triangle, one of the most powerful shapes in tech analysis.
To sum up:
During the next week, the $3,200 level and $3,500 tests will have crucial importance. Range formation and movement along the trend are both possible.
Ethereum has been the leader in growth over the last days.
Technically, we see the following picture:
Everything points towards the future growth. Possible support zones should be seen only as good points for buys.
Litecoin has been growing below the market. Current situation:
Apart from the tech analysis, don’t forget that any negative movement in BTC will positively impact LTC. Litecoin remains a hedge asset, and depending on the market one can use it to build a low-risk strategy.
Zcash is an interesting coin for trading. It was featured in some previous reviews.
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