Crypto-currencies are now mainstream trading instruments. I am providing charts in this blog on a weekly basis. I plan to cover just three cryptos: Bitcoin, Litecoin, and Ethereum. The point of this weekly post is to show the crowd psychology behind the price movement to support high-quality trades.
BTCUSD — Retest may be finished and I am expecting a legg higher into target at 4613. Once seen, we will see a retest of the monthly pivot or possibly the lower support trend line. Cycle date in April and prices higher still the main theme here.
ETHUSD — Retest may be finished here and I am expecting first target to 189 and the 100% fib. We should see the upward movement begin by the middle of this week. Still looking for an April cycle high.
LTCUSD – LTC is leading the way to the upside and is giving clues to trade other cryptos. I expect this to continue. For now, expecting a retest and the next legg higher into the resistance trend line. I am expecting the monthly pivot to hold as support this week. The lean is still higher into $75 into April and the April cycle date high is still expected.
My lean is that the uptrend will continue into April. Watch LTC this week for clues as this Crypto seems to be playing a leadership role. Trade smart and trade safe.