Analysis: Bitcoin, Ripple, Litecoin, Ethereum, ETC, Dash & Monero

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Bitcoin spiked down towards the first main support zone near $1875, and it’s currently trading above the $2000 level again. I expect more downside, but trading these bounces with small positions could be lucrative. The $2230 level could cap the current bounce.


ETH’s overnight minimum was around 110, a 40% top to bottom correction. The 100 level and the prior base between 77 and 85 are the obvious levels to watch. The advancing long-term trendline is currently found near 90, providing further strong support.


XRP spiked as low as 0.12 touching the long-term trendline and getting close to its previous line-in-the-sand level near 0.11. As Ripple was already in a deep correction, this might have marked the end of the move (-75% from the top!!) but the prior base near 0.07 is not out of the question.


Read more ... source: TheBitcoinNews

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