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. The retest looks like it may be finished, this week look for a turn.
ETHUSD – No Change in Forecast. Rally is confirmed, pull back may be finished. Hold long into 3500. ETH will fall behind BTC and other Cryptos as it is a slower and a more expensive block chain.
LTCUSD – Rally has started from the trend line, lean is still long into $150. This will continue to lag the general Crypto market.
Cryptos are following BTC as mentioned and more upside is expected. The small pull back is just a pause in the action and a turn may be seen this week. Looking for 52500 on BTC next. Trade Smart and Trade Safe.