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Ethereum (ETH) Daily Price Forecast – June 7


ETH/USD Medium-term Trend:Bullish

Resistance: $650, $700, $750
Support: $550, $500, $450

Yesterday, June 6, price of Ethereum was in a bullish trend. In the previous day, the price of Ethereum was in a bearish trend at a price of $604.36. It was assumed that if the asset falls, it might fall to the lows of $544.06 or $500. On the other hand, if the bulls are in control, the asset might continue with its range bound movement. However, from the price action, the asset fell to the low $574.47 and commenced a bullish movement to the high of $609.

Today, price of Ethereum is rising. The 20-day moving average is above the 50-day moving average indicating the rise of the asset. However, the asset will face initial resistance at the price of $620. The relative strength index period 14 is level 56 indicates that price of the asset is in the range bound zone.


ETH/USD Short-term Trend:Bullish

On the 1-hour chart, price of Ethereum is in a bullish trend. On the chart, the Fib retracement tool is attached to enable us to know the support levels of price where traders can place their long trades. However, if price retraces from the high, it will fall on one of these retracement levels which will again give traders the opportunity to place long trades. The support level at 50.0 retracement level is a typical example of a long trade.


The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
 
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Litecoin (LTC) Daily Price Forecast – June 11


LTC/USD Medium-term Trend: Ranging


Resistance: $108, $109, $110
Support:$106, $105, $104

Last week, price of Litecoin was also in a ranging market. Price of the asset was fluctuating between the levels of $119 and $123. However, it was suggested that if the asset fell to its previous low at $115, traders should initiate long trades. Litecoin is presently trading at $107.75 as at the time of writing.

However, from the 4-hour chart , the asset has fallen to the low of $104.75 . This was the previous low of the asset, and price has commenced a bullish movement. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal . Also, 12-day EMA and 26-day EMA are above the price of the asset indicating that the bearish trend is ongoing.


LTC/USD Short-term Trend: Bearish

On the 1-hour chart, price of Litecoin is in a bearish trend. Price of the asset has fallen to the low of $102.77 but has commenced a bullish movement. The MACD line and the signal line are deep below the zero line indicating a sell signal. If the bearish pressure continued the support levels would be breached.


The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
 
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Bitcoin (BTC) Daily Price Forecast – June 14



BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,600, $6,700, $6,800
Support levels: $6,300, $6,200, $6,100

Yesterday, June 13, price of Bitcoin is still in a downtrend. There are indications that price of Bitcoin might fall and reach the lows of $6,000 or $6,500. The asset fell to the low of $6,225.04 as at yesterday. Today, price of Bitcoin is making some bullish movement, and the price has appreciated to the high of $6,406.32. Now from the MACD indicator, the MACD line and the signal line are below the zero line indicating that the price is still falling.

The 12-day EMA and the 26-day EMA are above the price bars of Bitcoin indicating that bearish trend is still ongoing. Meanwhile, the relative index period 14 is level 33 indicates that the market is oversold suggesting bulls to take control of the market.


BTC/USD Short-term Trend: Bearish

On the hourly chart, price of Bitcoin is still in a downtrend. From the chart, the MACD line and the signal line are still below the zero line indicating a sell signal. The 12-day EMA and 26-day EMA are neither above nor below the price bars of the asset indicating a neutral signal. The moving averages are at par with the price bars.



The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
 
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Ethereum (ETH) Daily Price Forecast – June 18


ETH/USD Medium-term Trend: Bearish


Resistance Levels : $500, $505, $510
Support Levels: $485, $480, $475

Price of ETH/USD pair was also in a bearish trend. The asset was trading at $520.92 and later fell the low of $460.78. From the 4-hour chart, price touched the lower Bollinger band and also at the second low. This gives the asset a buy signal. Nevertheless, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

In addition, the 12-day EMA and the 26-day EMA are neither below nor above the price of the asset indicating a neutral signal. However, from the price action, the asset had been in a range bound movement.Meanwhile, the relative strength index period 14 is level 45 indicates that price is in the range bound zone.


ETH/USD Short-term Trend: Bearish

On the 1-hour chart, price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line indicating a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price of the asset which indicates that the bearish trend is ongoing.


The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
 
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Litecoin (LTC) Daily Price Forecast – June 21


LTC/USD Medium-term Trend: Ranging


Resistance Levels: $100, $102, $104
Support Levels:$96, $94, $92

Yesterday, June 20, price of Litecoin was in a sideways trend but closed trading at a price of $97.60. Price reached the top of the upper band of the Bollinger Bands and it fell. Bollinger Bands acts as a resistance and a support in the market. Meanwhile, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal.

Also, price of the cryptoasset is neither above nor below the 12-day EMA and the 26-day EMA indicating that the market is ranging. The relative strength index period 14 is level 50 indicates that price of Litecoin is in the range bound zone. The price of a cryptoasset is likely to continue its range bound movement between the levels of $100 and $90.


LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin rose and reached the upper band of the Bollinger Bands. Bollinger Bands acted as a resistance to the price and it fell. Nevertheless, MACD line and the signal line are above the zero line indicating a buy signal. Also, price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing.


The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
 
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Bitcoin (BTC) Daily Price Forecast – June 25


BTC/USD Medium-term Trend: Bearish

Resistance Levels: $6,200, $6,300, $6,400
Support levels: $6,000, $5,900, $5,800

Last week, price of Bitcoin had been in a bearish trend. The cryptoasset fell from $6,637.59 to the low of $6,178.09. The 26-day EMA and the 12-day EMA are also trending southward. Today, the cryptoasset is now in a sideways trend after the bearish movement last week.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. The 26-day EMA and the 12-day EMA are above the price bars of Bitcoin which indicates that the bearish trend is ongoing. Nevertheless, the relative strength index period 14 is level 44 which indicates that price of Bitcoin is in the range bound zone.


BTC/USD Short-term Trend: Bullish

On the 1-hour chart, the bulls took control of the market from the bears and brought price above the $6,000 price level. At the $6,000 price level, the market is now in a sideways trend.

Meanwhile, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Bitcoin are above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
 
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Ethereum (ETH) Daily Price Forecast – June 28


ETH/USD Medium-term Trend: Bearish

Resistance Levels : $440, $445, $450
Support Levels: $430, $425, $420

Yesterday, June 27, price of Ethereum was on a downward trend. Today, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price of Ethereum which indicates that the bearish trend is ongoing.Yesterday, the bulls had resisted the bears at the price of $420, that was why price was in a sideways trend.

The cryptoasset had been ranging between the levels of $460 and $420 since price fell to the low of $420. However, if that level at $420 had been broken, the cryptoasset would find support at $380.The relative strength index period 14 is level 38 which indicates that the market is nearing the oversold market condition suggesting bulls to take control of the market.


ETH/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Ethereum is in a bullish trend. The MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Ethereum are above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing.


The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
 
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Bitcoin (BTC) Daily Price Forecast – July 2


BTC/USD Medium-term Trend: Bullish

Resistance Levels: $6,400, $6,500, $6,600
Support levels: $6,200, $6,100, $6,000

Last week the BTC/USD pair was trading above $6,000 price level all through the week. For instance, last Monday, price of Bitcoin was $6,244.12, then it fell to the low of $5,893.51. The cryptoasset made another bullish movement and brought price to the high of $6,355.80 on June 30. Today, price of Bitcoin is currently trading above the $6,000 price level but it is now in a sideways trend.

Meanwhile, from the 4-hour chart, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Bitcoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is ongoing. The relative strength index period 14 is level 59 which indicates that price of the cryptoasset is in the sideways trend zone.


BTC/USD Short-term Trend: Ranging
On the 1-hour chart, price of Bitcoin is in a sideways trend. From the chart, price of Bitcoin is trending horizontally above the $6,000 price level.

Meanwhile, the MACD line and the signal line are neither above nor below the zero line which indicates a neutral signal . Also, the price bars of Bitcoin is neither above nor below the 12-day EMA and the 26-day EMA which indicates that a sideways trend is ongoing.


The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.
 
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Litecoin (LTC) Daily Price Forecast – July 5

LTC/USD Medium-term Trend: Bullish


Resistance Levels: $85, $86, $87
Support Levels:$83, $82, $81

Yesterday, July 4, price of Litecoin was in a bullish trend. I suggested the use of trend line as a means of determining the support levels of price in a bullish market to initiate long trades. Trend lines can also be used to determine the end of a trend. Nevertheless, as the bearish candlestick retraces to test the trend line; the bullish candlestick moves higher highs to reach other price levels.

However, the MACD line and the signal line are above the zero line which indicates a buy signal. Also, the price bars of Litecoin is above the 12-day EMA and the 26-day EMA which indicates that the bullish trend is continuing. Nevertheless, the relative strength index period 14 is level 54 which indicates that price of Litecoin is in the sideways trend zone.


LTC/USD Short-term Trend: Bullish

On the 1-hour chart, the price of Litecoin is in a bullish trend. In the short term trend, the MACD line and the signal line are above the zero line which indicates a buy signal. The price of the cryptoasset is rising as the price bars of Litecoin is above the 12-day EMA and the 26-day EMA.



The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
 
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Ethereum (ETH) Daily Price Forecast – August 9


ETH/USD Medium-term Trend: Bearish

Resistance Levels: $380, $390, $400
Support Levels: $350, $340, $330

Yesterday, August 8th, the price of Ethereum was in a bearish trend. The ETH price breaks out of the range-bound zone and it fell to the low of $ 354.54 as at yesterday. Now the bulls and the bears move in a sideways trend and neither of them have control over price. If the ETH price falls again, it will fall to the lows of either $326.42 and $283. Traders are to look out for buy setups in anticipation of a bullish trend.

Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. In addition, the price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that the bearish trend is ongoing. The Relative Strength Index period 14 is level 21 which indicates that the market is -oversold suggesting bulls to take control of the market.


ETH/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line which indicates a sell signal. Price of Ethereum is below the 12-day EMA and the 26-day EMA which indicates that price is falling.


The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.

Source: www.bitcoinexchangeguide.com
 
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