Crypto-Currencies: Bitcoin, Litecoin and Ethereum for January 2nd

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, 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 –  Retest of the low on ETH and looking for the next rally. A larger three down is possible at 3197. Either path,  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 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 as we have seen the middle band on DX break down. I expect USD to continue to devalue in 2022 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, CTA (Commodity Trading Advisor) 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

02nd Jan 2022

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