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BitcoinExchangeGuide

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  1. Litecoin (LTC) Daily Price Forecast – June 21 LTC/USD Medium-term Trend: Ranging Resistance Levels: $100, $102, $104 Support Levels:$96, $94, $92 Yesterday, June 20, price of Litecoin was in a sideways trend but closed trading at a price of $97.60. Price reached the top of the upper band of the Bollinger Bands and it fell. Bollinger Bands acts as a resistance and a support in the market. Meanwhile, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal. Also, price of the cryptoasset is neither above nor below the 12-day EMA and the 26-day EMA indicating that the market is ranging. The relative strength index period 14 is level 50 indicates that price of Litecoin is in the range bound zone. The price of a cryptoasset is likely to continue its range bound movement between the levels of $100 and $90. LTC/USD Short-term Trend: Bullish On the 1-hour chart, the price of Litecoin rose and reached the upper band of the Bollinger Bands. Bollinger Bands acted as a resistance to the price and it fell. Nevertheless, MACD line and the signal line are above the zero line indicating a buy signal. Also, price of Litecoin is above the 12-day EMA and the 26-day EMA indicating that the bullish trend is ongoing. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
  2. Ethereum (ETH) Daily Price Forecast – June 18 ETH/USD Medium-term Trend: Bearish Resistance Levels : $500, $505, $510 Support Levels: $485, $480, $475 Price of ETH/USD pair was also in a bearish trend. The asset was trading at $520.92 and later fell the low of $460.78. From the 4-hour chart, price touched the lower Bollinger band and also at the second low. This gives the asset a buy signal. Nevertheless, the MACD line and the signal line are neither above nor below the zero line indicating a neutral signal. In addition, the 12-day EMA and the 26-day EMA are neither below nor above the price of the asset indicating a neutral signal. However, from the price action, the asset had been in a range bound movement.Meanwhile, the relative strength index period 14 is level 45 indicates that price is in the range bound zone. ETH/USD Short-term Trend: Bearish On the 1-hour chart, price of Ethereum is in a bearish trend. The MACD line and the signal line are below the zero line indicating a sell signal. In addition, the 12-day EMA and the 26-day EMA are above the price of the asset which indicates that the bearish trend is ongoing. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
  3. Bitcoin (BTC) Daily Price Forecast – June 14 BTC/USD Medium-term Trend: Bearish Resistance Levels: $6,600, $6,700, $6,800 Support levels: $6,300, $6,200, $6,100 Yesterday, June 13, price of Bitcoin is still in a downtrend. There are indications that price of Bitcoin might fall and reach the lows of $6,000 or $6,500. The asset fell to the low of $6,225.04 as at yesterday. Today, price of Bitcoin is making some bullish movement, and the price has appreciated to the high of $6,406.32. Now from the MACD indicator, the MACD line and the signal line are below the zero line indicating that the price is still falling. The 12-day EMA and the 26-day EMA are above the price bars of Bitcoin indicating that bearish trend is still ongoing. Meanwhile, the relative index period 14 is level 33 indicates that the market is oversold suggesting bulls to take control of the market. BTC/USD Short-term Trend: Bearish On the hourly chart, price of Bitcoin is still in a downtrend. From the chart, the MACD line and the signal line are still below the zero line indicating a sell signal. The 12-day EMA and 26-day EMA are neither above nor below the price bars of the asset indicating a neutral signal. The moving averages are at par with the price bars. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
  4. Litecoin (LTC) Daily Price Forecast – June 11 LTC/USD Medium-term Trend: Ranging Resistance: $108, $109, $110 Support:$106, $105, $104 Last week, price of Litecoin was also in a ranging market. Price of the asset was fluctuating between the levels of $119 and $123. However, it was suggested that if the asset fell to its previous low at $115, traders should initiate long trades. Litecoin is presently trading at $107.75 as at the time of writing. However, from the 4-hour chart , the asset has fallen to the low of $104.75 . This was the previous low of the asset, and price has commenced a bullish movement. Meanwhile, the MACD line and the signal line are below the zero line indicating a sell signal . Also, 12-day EMA and 26-day EMA are above the price of the asset indicating that the bearish trend is ongoing. LTC/USD Short-term Trend: Bearish On the 1-hour chart, price of Litecoin is in a bearish trend. Price of the asset has fallen to the low of $102.77 but has commenced a bullish movement. The MACD line and the signal line are deep below the zero line indicating a sell signal. If the bearish pressure continued the support levels would be breached. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
  5. Ethereum (ETH) Daily Price Forecast – June 7 ETH/USD Medium-term Trend:Bullish Resistance: $650, $700, $750 Support: $550, $500, $450 Yesterday, June 6, price of Ethereum was in a bullish trend. In the previous day, the price of Ethereum was in a bearish trend at a price of $604.36. It was assumed that if the asset falls, it might fall to the lows of $544.06 or $500. On the other hand, if the bulls are in control, the asset might continue with its range bound movement. However, from the price action, the asset fell to the low $574.47 and commenced a bullish movement to the high of $609. Today, price of Ethereum is rising. The 20-day moving average is above the 50-day moving average indicating the rise of the asset. However, the asset will face initial resistance at the price of $620. The relative strength index period 14 is level 56 indicates that price of the asset is in the range bound zone. ETH/USD Short-term Trend:Bullish On the 1-hour chart, price of Ethereum is in a bullish trend. On the chart, the Fib retracement tool is attached to enable us to know the support levels of price where traders can place their long trades. However, if price retraces from the high, it will fall on one of these retracement levels which will again give traders the opportunity to place long trades. The support level at 50.0 retracement level is a typical example of a long trade. The views and opinions expressed here do not reflect that of BitcoinExhangeGuide.com and do not constitute financial advice. Always do your own research.
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