I plan to cover just three cryptos every week in this post: Bitcoin, Litecoin, and Ethereum. These instruments provide trading opportunities with out sized gains. I hope the analysis presented here helps you profit in these instruments.
BTCUSD — Retracement is underway as discussed last week and close to a reversal. Against the third standard deviation Bollinger band which is usually enough for a turn.
ETHUSD – ETH retracement target made and we can see a retest of the low, turning and expecting a higher high into 5450 next.
LTCUSD – LTC retracement can see marginally lower, looking for a reversal this week. Target is still 376 and should be seen by year end.
The retests in these markets have likely completed. Looking for a turn this week and higher highs next. USD should turn this week also and I expect it to continue to devalue and expecting Cryptos to continue to be bullish. Trade Smart and Trade Safe.