Altcoins Price Analysis (Week of May 29th): Ethereum, Litecoin and DASH

Altcoins Price Analysis (Week of May 29th): Ethereum, Litecoin and DASH

The past week waas a week of altcoin trends. Will the current trends continue, or are they going to turn about? ETH/USD. Ethereum has reached the minimal target of the medium-term correction. Trading on that level can provoke a continued fall of Ethereum’s price. Ethereum’s price is at a key level, where the downward movement can be disrupted. In case of a rebound from $12.2 followed by a return to $11, Ethereum has a chance to continue its downward trend. For an extra confimation, Ethereum’s price has to stop at the level of $11, which will display the lack of sufficient support from the....


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Altcoins Price Analysis (Week of May 8th): Ethereum, Litecoin and DASH

The ETHUSD, LTCSUD, and DASHUSD markets are all undergoing mild upward trends. The coming week could bring radical changes. ETH/USD. Ethereum’s price is fortifying at the medium-term level of $9-10. A rebound off $10.21 could become the peak of a correction within the downward trend, unless the price manages to form a turn to growth. The fortification indicates that the odds are lying with an upward trend, but for a more certain signal, Ethereum’s price has to form a turnaround wave by fortifying at the level of $10 and breaking through the peak of the trend again. Until....

Altcoins Price Analysis (Week of May 1st): Ethereum, Litecoin and DASH

The altcoin markets were dominated by upward trends this week. Will that growth continue into the new week? ETH/USD Ethereum’s price has formed a weekly flat. That was expected because the price has reached a long-term resistance line where a change of cycles usually happens. For either an upward or a downward medium-term trend to begin Ethereum’s price has to form a structure which will clearly indicate which side holds the advantage. If it fortifies at $9.5 and forms a turn to growth it will display that the bulls are a majority. In that case, a medium-term upward....

Altcoins Price Analysis (Week of April 3rd): Ethereum, Litecoin and DASH

Altcoin prices have failed to display a certain growth this week. Will this mean an end to the upward trends and the beginning of downward ones? Which are the key points for a turn to decline? ETH/USD. Ethereum’s price has not formed a turn to growth. The bulls have failed to win the advantage while the price was at a key level. It’s either that, or there was just not enough demand among the buyers. Worth noting is the level of $11.5. It’s the most likely point for a turn to decline with the closest target of $10.3. LTC/USD. Litecoin’s price has....

Altcoins Price Analysis (Week of April 17th): Ethereum, Litecoin and DASH

The current upward dynamics on Ethereum and Litecoin markets have the potential to grow into medium-term upward trends. The price of Dash is close to an important long-term level where a long-term upward trend may continue. ETH/USD Ethereum’s price is in a rebound after a continuous fall. This upward movement is natural, because there was no turn in the long-term scope. This rebound can grow into a turn to growth if the upward trend’s structure isn’t disrupted. The level of $7.5 is responsible for the continuation of the downward trend, provided that....

Altcoins Price Analysis (Week of April 24th): Ethereum, Litecoin and DASH

The directions of altcoin trends have split. The only common thing that can be observed at the moment is the fact that Ethereum and Litecoin are both at their long-term resistance lines. ETH/USD The decline that Ethereum’s price has suffered this week was not as strong as could be expected. That can be explained by the change of trends from medium-term level to long-term one. In order to change its direction to growth, Ethereum’s price will have to break the downward trend by fortifying and forming a turn at the level of $9.3. LTC/USD Litecoin’s price has....