This is a weekly post covering Cryptocurrencies, specifically 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 — BTC retesting here and at middle band. Looking for more upside as the turn is in and we should see a rally back into upper band and a band ride next.
ETHUSD – Broken trend line support as mentioned last week and now looking for higher directly. ETH should confirm higher this week.
LTCUSD – Monthly pivot support and higher highs likely here. Look for a conversion of 156.50. If seen then this will confirmed higher and should see new highs later this year.
The turn in Cryptos may be in, the retest here on ETH should confirm the turn. The next major legg higher on Cryptos is beginning and USD has made higher highs and has turned lower. ETH is the crypto to watch as the bullish move may be more pronounced. Trade Smart and Trade Safe.