All to the bottom, analysts say a continued fall in Litecoin, and Ethereum
Source:
Last week, the price suddenly soared to 10 percent, after which the main cryptocurrency continued to move sideways. In response to its increase in almost all altcoins also added to the cost, including . The second capitalization of the cryptocurrency rose as much as 12 percent in just a couple of days.
Despite all the positive news, analysts warn about the danger of opening long positions. According to them, the coins like Ethereum or are still in a bearish trend.
theit's Time to short the crypt?
This morning Ethereum is trading at $ 123, over the past day the price of the asset is almost not changed. Earlier, the bulls made several attempts to break through the resistance at line 124 of dollars, but it was not successful.
Capturador Cryptomist recently shared a very interesting chart on Twitter. According to his analysis, Ethereum could fall to $ 114 in the near future.
Ethereum reached the goal on the line $ 130. Then followed by a short pullback: formed rising wedge, and on the technical indicators visible bearish divergence. Next goal is $ 114. However, I still believe that we can grow up to 150 dollars.
130 target hit
Short term fall coming; rising wedge and bearish div
First target $114Still believe we can see $150 region at a later time
— The Cryptomist (@TheCryptomist)
Analyst GeorgeCrypto shares this view.
Just opened a short on Ethereum, expect a test of the lower border of the channel. Will record 50 percent, if this line turns into support. Let's see where we go next.
Just went short. Range high swept, expecting a test of the range low. Close 50% on a sweep of the low into support. See what we get next. Will update.
— GeorgeCrypto (@George1Crypto)
In the case of Litecoin, too, are not very good trader under the name Hsaka predicts the coin to continue to fall.
Where are all these statements «Litecoin is the market leader»? I opened shorts from level 0,01206 BTC. As long as the cryptocurrency is below the red zone, it will continue to fall.
Where did all the "LTC is the market leader" posts go?
Currently short from 1206, bearish below the red levels.
— Hsaka (@HsakaTrades)
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