Happy Holidays to everyone. All the best for the New Year!! Covering Cryptos this week, 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 — No change from last week, as we still have a 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. This chart may punch the upper bollinger then a retest of middle band and higher may play out. BTC is turning. Above 52500 we open target at 78554.
ETHUSD – No change in forecast from last week here also. Higher low on ETH and looking for the next rally. I still expect ETH to lead to the upside. Target is 5432
LTCUSD – No change to forecast here also, LTC has found support at the rising support trend line and it will likely hold. Higher highs are expected in 2022.
Wishing all readers a Merry Christmas and a healthy and prosperous 2022. Cryptos are turning and I am still expecting these instruments to be bullish in 2022. Watch for a punch of the upper bollinger band, retest of middle band then a follow through rally. USD should push Crypto/USD pairs higher. I expect USD to continue to devalue in 2022 and expecting Cryptos to continue to be bullish. Trade Smart and Trade Safe.