Bitcoin price analysis: BTC/USD at risk of another drop
The Bitcoin price on Thursday is trading in negative territory, nursing a loss of some 0.20%. Downside momentum has taken a break after the heavy selling encountered in the session on Wednesday.
BTC/USD price action has formed a bearish pennant structure, which is subject to a breakout and further potential downside pressure.
Ethereum technical analysis: ETH/USD critical support gives way
Ethereum price is trading in the red, down 0.25% the session on Thursday.
ETH/USD door is left wide open for bears to further capitalize, following critical flag breach.
The next major support is eyed at $155, failure to hold could subject ETH to another wave of selling pressure.
Litecoin technical analysis: LTC/USD big bearish flag retest eyed
Litecoin price is trading in the green, with gains of 1.00% the session on Thursday.
LTC/USD daily price action is subject to a big restest of a breached bearish flag structure.
Chunky daily resistance can be observed at $52.50, where the lower trend line of the flag is tracking.
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