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 — A retest of the low on BTC and still looking for the next legg up and support at the rising support trend line.Expect greater volatility this week.
ETHUSD – Retesting the low and rising support trend line must hold. Still expecting the next rally into 5400s, should see a break above the middle band to confirm the move.
LTCUSD – LTC is retesting the low and the support trend line is a must hold. Not expecting a break of the support trend line, should see a turn this week with a USD drop.
Retesting the low is a common issue on turns, the retests in these markets will likely completed this week and greater volatility is expected. USD may have turned and should confirm lower lows this week. I expect USD to continue to devalue and expecting Cryptos to continue to be bullish. Trade Smart and Trade Safe.