Home Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin – American Wrap – 01 October
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Cryptocurrencies price prediction: Bitcoin, Ethereum & Litecoin – American Wrap – 01 October

BTC/USD technical analysis: There is a key resistance level to test

The consolidation pattern formed after the crypto fall on September 24th. Now the trendline was broken yesterday to complete the bullish break 8,815 would need to be broken.

Currently, the price is holding at the mean value area on the  chart  which is represented by the volume profile indicator on the left-hand side of the chart.

8,500 is now an intraday  resistance  point and bears pushed price back down below once already.

The technical pattern worked a treat as a break and retest formed but volume today is slightly light.

ETH/USD technical analysis: Price has broken through support and is headed to another important zone

ETH/USD  has turned to the downside after meeting  resistance  at 185.00.

Following that the price broke below the 177.37 support zone which was the previous wave high.

The value area is the next level on the way down and holds around 168-170. This is represented by the volume profile indicator on the left and side of the  chart.

The relative strength indicator (RSI) has also broken the trendline to the downside and also trades below the 50 mid-line.

Litecoin price analysis: LTC/USD failed to break free from a potentially punishing range

The  Litecoin  price on Tuesday is nursing minor losses of some 0.40%, towards the latter part of the session. Market bulls failed to follow through on the upside momentum that was observed on Monday.

LTC/USD was showing a glimmer of hope with the bullish price action in the prior session, however, did not manage to carry through into Tuesday. As a result, the price has fallen back within the narrow daily range seen over the last six sessions.

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