Crypto-Currencies: Bitcoin, Litecoin and Ethereum for December 31st

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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. All the Best to Everyone for the Holiday Season!!

BTCUSD — We have made target at 45,000, still expecting 52,000-52,500 next. Expect a small retest and then higher into 52000.

 

ETHUSD –   No Change in Forecast. Rally is confirmed, retest coming then higher highs. Hold long into 3500. ETH will fal behind BTC and other Cryptos as it is a slower and more expensive block chain.

 

LTCUSD – Rally may have started from the trend line, lean is still long into $150. This will continue to lag the general Crypto market.  I will be replace LTC with SOL in the new year.

 

Cryptos are following BTC as mentioned and more upside is expected even though we have make target.  I will be removing LTC and replacing with SOL in the New Year.   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 www.huffingtonpost.com.

31st Dec 2023

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