Cryptocurrencies Price Prediction: Bitcoin, Ethereum & Litecoin – American Wrap 13 April
|Bitcoin Price Analysis: Elliott Wave theory projects a test of USD 6500 area
Bitcoin has made a lower high on the 4-hour chart after rejecting the 55 EMA on the daily timeframe. Zooming in on the 4-hour now the lower high that was created and it stopped exactly on the 61.8% Fibonacci retracement. Now tracking the projections lower, the extension of 161.8% confluences with the 61.8% of the larger wave in blue. This makes the zone very strong and the probability of the target being tested is now higher.
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Ethereum Price Analysis: ETH/USD testing critical $150 support
Ethereum price is trading in the red by 3.35% in the session on Monday.
ETH/USD is back under pressure by the bears, with the critical $150 at risk of a breach.
The next major area of interest to the upside for the bulls will be eyed at $200.
Litecoin Price Forecast: LTC/USD failure to regain $50 has proven to be punishing
Litecoin price is trading in negative territory by 0.30 % in the session on Monday.
LTC/USD has lost upside momentum over the last five sessions.
The bulls failed to break down the supply in a run into the $50 mark, inviting more downside pressure.
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