Crypto-Currencies: Bitcoin, Litecoin and Ethereum for December 12th

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 — Higher low on BTC and RSI is washed out. We can rally from here and see higher highs or find 52500 resistance and retest the low. BTC is turning and expect a decision this week. Above 52500 we open target at 78554.

 

ETHUSD – Higher low on ETH and looking for the next rally. Watch this Crypto as it should lead to the upside. Target is 5432

 

LTCUSD – LTC has found support at the rising support trend line and it will likely hold. Higher highs are expected in 2022.

 

Cryptos are turning and the retests in these markets will likely completed this week.    USD is currently turning  should confirm lower lows this week which should push Crypto/USD pairs higher. I expect USD to continue to devalue and  expecting Cryptos to continue to be bullish. Trade Smart and Trade Safe.

Written by:

Stan Nabozny

Stan is a 20 year retail trading veteran and Co-Founder of The Art of Chart. His specialties include using futures and options to trade Energies, Precious Metals, Equities, Currencies, Bonds, Softs, Grains and other commodities. Stan believes that Risk Management and Trader Psychology are more important that technical analysis and spends his time teaching and coaching other traders on these topics. Stan uses various trading systems and technical analysis approaches that integrate time and price in his work. See his latest articles here and www.huffingtonpost.com.

12th Dec 2021

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