Ethereum Price Forecast: Upsides In Ether Remain Capped

Ether’s price is under a lot of bearish pressure against the US dollar. ETH/USD remains at a risk of more losses below $115.00 and $112.00.
Aayush JindalJanuary 21, 2019 4:35 PM
January 21, 2019 4:35 PM
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Ether’s price is under a lot of bearish pressure against the US dollar. ETH/USD remains at a risk of more losses below $115.00 and $112.00.

Key Highlights

Ether’s price failed to move above the $118.00 and $120.00 resistance levels against the US Dollar.

ETH/USD traded below a connecting bullish trendline with support at $117.50 on the 30-minute chart.

ETH/BTC broke the key support at 0.0330BTC and could slide toward 0.0325BTC.

Technically, the 30-minute chart indicators are moving lower in the bearish territory.

Ether Price Analysis

Recently, we saw a sharp decline in ETH/USD from the $128.00 swing high. The pair declined below the $125.00 and $120.00 support levels to move into a bearish zone. Later, there was a downside extension and the price traded below the $118.00 support level.

ETH/BTC traded below the key support at 0.0330BTC, opening the doors for more losses. The next major support is at 0.0325BTC, below which the pair may continue lower toward the 0.0320BTC support.

Ethereum Price Analysis ETH

Looking at the 30-minute chart of ETH/USD, the pair failed to stay above the $118.00 support and declined further. It broke the $116.00 support and traded to a new weekly low at $114.54. Later, Ether started an upside correction above the $115.00 and $116.00 levels.

The price moved above the 23.6 percent Fibonacci retracement level of the recent drop from the $124.91 high to $114.54 low. However, the recovery was capped by the previous supports at $118.00 and $119.00.

Moreover, the price failed to test the $120.00 barrier and the 50 percent Fibonacci retracement level of the recent drop. Recently, Ether topped out near the $119.00 level and traded below a connecting bullish trendline, with support at $117.50 on the same chart.

Ether Price Analysis Chart

The current price action is bearish on both the 30-minute and 15-minute chart, suggesting more losses below the $116.00 and $115.00 support levels. To start a decent recovery, Ether must surpass the $119.00 and $120.00 resistance levels. The next key resistance is at $122.50, above which the price could test the $125.00 and $128.00 levels.

Important Resistance Levels

$120.00 and $122.50

Important Support Levels

$115.00 and $112.00

30-minute RSI

The RSI is well below the 40 level.

30-minute MACD

The MACD is gaining strength in the bearish zone.

Aayush Jindal

Aayush has spent over seven years as a financial markets contributor and observer. He specializes in market strategies and technical analysis. He strives to provide entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession and loves blogging.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ether Price, Ether Price Chart and Ethereum Analysis News.

Disclaimer

The content on ETHNews.com is provided for informational purposes only and it is not intended to be, and does not, constitute financial advice or any other advice. You should not rely on any ETHNews.com content to make an investment decision. ETHNews.com is not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.

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Litecoin (LTC) Daily Price Forecast – January 21

Last week, the price of Litecoin was in a bullish trend zone. The crypto’s price had been fluctuating above the $30 price level since January 14.
Litecoin-Block-Reward-Expected-to-Drop-from-25-LTC-to-12-5-LTC-by-August-2019

LTC/USD Medium-term Trend: Bearish

  • Resistance Levels: $66, $68, $70
  • Support Levels: $30, $28, $26

Last week, the price of Litecoin was in a bullish trend zone. The crypto’s price had been fluctuating above the $30 price level since January 14. On January 19, the bulls took price to the high of $33 and commenced a range bound movement above the 12-day EMA and the 26-day EMA. The crypto’s price was resisted at the $33 price level and the bears broke the 12-day EMA and the 26-day EMA. The crypto’s price fell to a low of $ 30.88.

The price of Litecoin is below 12-day EMA and the 26-day EMA which indicates that the crypto is likely to fall. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal. Also, the stochastic is in the oversold region but below the 20 % range which indicates that the crypto is in a strong bearish momentum and a sell signal.

LTC/USD Short-term Trend: Bearish

On the 1-hour chart, the price of Litecoin was in a bearish trend zone. On January 20, the bears broke the 12-day EMA, the 26-day EMA and price fell to the $30.60 price level. The crypto’s price made a bullish movement to the EMAs and it was resisted by the 12-day EMA.

The crypto’s price is falling because it is below the 12-day EMA and the 26-day EMA. Meanwhile, the stochastic is in the overbought region but below the 60 % range which indicates that the crypto is in a bearish momentum and a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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Bitcoin Price Weekly Analysis: BTC Could Accelerate Gains Above $3850

Bitcoin price is showing positive signs above the $3,600 support against the US Dollar. BTC/USD could accelerate gains once there is a break above …

  • Bitcoin price formed a solid support near the $3,560 level and moved higher against the US Dollar.
  • There is a crucial bearish trend line in place with resistance near $3,850 on the 4-hours chart of the BTC/USD pair (data feed from Kraken).
  • The pair could continue to move higher towards the $3,850 and $4,000 levels in the near term.

Bitcoin price is showing positive signs above the $3,600 support against the US Dollar. BTC/USD could accelerate gains once there is a break above $3,800 and $3,850.

Bitcoin Price Analysis

This past week, bitcoin price dived below the $3,560 support level against the US Dollar. However, the BTC/USD pair found a strong buying interest near the $3,480 and $3,500 support levels. As a result, there was a sharp bounce above the $3,560 level. The price climbed above the $3,600 and $3,640 resistance levels. Besides, there was a break above the 23.6% Fib retracement level of the last decline from the $4,111 high to $3,489 low. Later, there was a consolidation pattern formed above the $3,600 level.

Finally, there was a break above a contracting triangle with resistance at $3,635 on the 4-hours chart of the BTC/USD pair. The price tested the 100 simple moving average (4-hours) and the $3,800 resistance level. However, the price failed to stay above the 50% Fib retracement level of the last decline from the $4,111 high to $3,489 low. There was a fresh downside move below the $3,700 level and the price is currently trading in a range. On the upside, there are many hurdles, starting with $3,750 and ending with $3,850. Furthermore, there is a crucial bearish trend line in place with resistance near $3,850 on the same chart.

Bitcoin Price Analysis BTC Chart

Bitcoin Price Analysis BTC Chart

Looking at the chart, BTC price is clearly showing positive signs above the $3,600 support level. Having said that, a proper close above the $3,800 and $3,850 resistance levels is must for more gains.

Technical indicators

4-hours MACD – The MACD for BTC/USD is currently placed in the bullish zone, with positive signs.

4-hours RSI (Relative Strength Index) – The RSI for BTC/USD is currently well above the 50 level.

Major Support Level – $3,560

Major Resistance Level – $3,850

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Ethereum Price Forecast: Ether Rallies Above Key Resistance

Ether’s price gained bullish momentum above $125.00 against the US dollar. ETH/USD moved into a positive zone and may resume its upside above …
Aayush JindalJanuary 19, 2019 2:51 PM
January 19, 2019 2:51 PM
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Ether’s price gained bullish momentum above $125.00 against the US dollar. ETH/USD moved into a positive zone and may resume its upside above $130.00.

Key Highlights

Ether’s price climbed higher and broke the $123.00 and $125.00 resistances against the US Dollar.

ETH/USD cleared a contracting triangle with resistance at $121.50 on the 30-minute chart.

ETH/BTC is slowly rising toward the 0.0340BTC resistance level.

Technically, the 30-minute chart indicators are placed nicely in the bullish territory.

Ether Price Analysis

Yesterday, we saw a major resistance near the $122.50 and $125.00 levels for ETH/USD. The pair formed a solid support above $118.00 and later climbed above the $123.00 and $125.00 resistances.

ETH/BTC is also showing positive signs above the 0.0330BTC support, and it seems like it could trade toward the 0.0340BTC resistance level. The next major hurdle for buyers is near the 0.0350BTC.

Ethereum Price Analysis ETH

Looking at the 30-minute chart of ETH/USD, the pair traded as low as $118.82 recently and started a nice upward move. It broke the $120.00 resistance and a contracting triangle, with resistance at $121.50. It opened the doors for more gains, and the price rallied above the $125.00 resistance.

A new intraday high was formed at $128.07; later, the price started a short-term downward correction. It declined below the $126.00 level and the 23.6 percent Fibonacci retracement level of the recent upward move from the $118.82 low to $128.07 high.

However, there are many supports on the downside, starting with $125.00. The next key support is near $123.00 and the 50 percent Fibonacci retracement level of the recent upward move. Finally, the previous resistance near the $121.50 level might act as a strong buy zone.

Ether Price Analysis Chart

Moving down to the 15-minute chart of ETH/USD, there is a declining channel formed, with resistance near $126.00. Therefore, a break above $126.00 and $126.50 could start a fresh upward move toward $128.00 and $130.00 in the near term.

Overall, Ether moved into a positive zone above $123.00, and ETH/USD will most likely climb above $128.00 and $130.00.

Important Resistance Levels

$126.00 and $128.00

Important Support Levels

$125.00 and $123.00

30-minute RSI

The RSI is now well above the 60 level.

30-minute MACD

The MACD is gaining strength in the bullish zone.

Aayush Jindal

Aayush has spent over seven years as a financial markets contributor and observer. He specializes in market strategies and technical analysis. He strives to provide entertaining and informative analysis of the currency and commodities markets. He is a software engineer by profession and loves blogging.

ETHNews is commited to its Editorial Policy

Like what you read? Follow us on Twitter @ETHNews_ to receive the latest Ether Price, Ether Price Chart and Ethereum Analysis News.

Disclaimer

The content on ETHNews.com is provided for informational purposes only and it is not intended to be, and does not, constitute financial advice or any other advice. You should not rely on any ETHNews.com content to make an investment decision. ETHNews.com is not responsible for any investment decision made by you. You are responsible for your own investment research and investment decisions.

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Litecoin (LTC) Long Term Price Forecast – January 19

In the first week of January, the price of Litecoin was in a bullish trend zone. On January 6, the bulls took price to the high of $40.07. In the second …
Litecoin (LTC) Lighting Network Records Growth with 100 Active Nodes

LTC/USD Long-term Trend: Bearish

  • Resistance Levels: $60, $70, $80
  • Support levels: $30, $20, $10

In the first week of January, the price of Litecoin was in a bullish trend zone. On January 6, the bulls took price to the high of $40.07. In the second week, the crypto‘s price was in the bearish trend zone as a result of the resistance at the $40 price level. On January 10, the bears broke the 12-day EMA, the 26-day EMA and price fell to the low of $30.

The crypto’s price is below the EMAs which indicate that the crypto is in the bearish trend zone. If the bearish trend continued, the crypto will revisit a previous low of $23.

Meanwhile, the stochastic indicator is out of the oversold region but below the 80% range indicating that the price of Litecoin is in a bullish momentum and a buy signal. Meanwhile, the MACD line and the signal line are below the zero line which indicates a sell signal.

The views and opinions expressed here do not reflect that of BitcoinExchangeGuide.com and do not constitute financial advice. Always do your own research.

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