Latest Crypto Analysis March'19 - BTC, ETH, XRP, EOS, LTC Price Analysis

CoinSwitch | 18 March, 2019 | 2 min

#1 Bitcoin: BTC/USD (Coinbase)

Bitcoin pair has been moving in the range $3600-$3900 price level for the past 14 days but still, it’s the most valuable cryptocurrency. BTC remains at risk of more downside if it continues to trade below $3,720.

Let's look at the 4-Hour Time frame chart for analysis.

Bullish Case:

Bitcoin pair tested preliminary resistance (red bar) on 9th March'2019 and dropped 3%+ while touching the preliminary resistance area around $3950 price level.

Risk taker a look for buying around $3812 price level with tight stop-loss around $3760.While safe entry will be after breaking and retest of the $3960 price level with a target around $4200+ price level. Also, STOCH-RSI and MACD indicators are showing short term upside for the pair.

Breaking $4400+ price level would be strongly bullish(buy signal) for the asset in the coming days/weeks.

Bearish Case:

If the support level $3550+ doesn't hold in the coming days then it would be early signs of the bearish sentiments and breaking $3300 level after that, would be strongly bearish (sell signal) for the pair.

with downside to$2400-$2800 price level.

Also, we could range between $3000 and $4400 price level before making a significant move up or down.

#2 Ethereum: ETH/USD (Bitfinex)

Ethereum pair has been moving in a range $127-$141 price level for the past 14 days It has been following bitcoin's trend and similar market structure when compared with Bitcoin/USD pair.

Let's look at the 4Hour-Time Frame for the significant price levels.

Bullish Case:

ETH/USD pair touched support (green bar) around $126 price level and surged 3%+ at the time of writing. If this support is held then it would be considered as a healthy pullback. It needs to break the $141-$143 preliminary resistance with strong buy volume to continue bullish momentum. It has tested the 200H-SMAs and needs to trade above it to support bullish bias.

Stoch-RSI and MACD indicators are showing further bullish momentum to come.

Overall, it pair needs to break a major resistance level around $170+ in the coming week to prove strong bullish sentiments.

Bearish Case:

If last support level around $115 doesn't hold then it would be strongly bearish(sell signal)for the pair.

Also, 200H-SMAs and Ichimoku cloud couldn't provide support and the pair is trading below it which is slightly bearish.

#3 RIPPLE: XRP/USD (BITFINEX)

Ripple/USD pair hasn't moved much when compared to other major assets according to market cap.

Let's look at the 4Hour-Time Frame for the significant price levels.

Bullish Case:

Ripple pair has been respecting the trend line from January'2019 and forming a triangle pattern. Interested buyers can look at these price levels around $0.31 with tight stop-loss whereas safer entry would be after the breakout of triangle pattern upside and buying on a retest around $0.327.

STOCH-RSI and MACD indicators are favoring short-term upside for the asset.

Bearish Case:

Sellers can look for the area around $0.30 price level if the preliminary support doesn't hold. If the price drops below $0.28 level then it would be strongly bearish (sell signal) for the asset and long term investors can look for entry less than $0.25.

#4 EOS: EOS/USD (Bitfinex)

EOS/USD pair has been in an uptrend since the month of December and moved up 170%+ against US dollars, making it a runner among top cryptocurrency list.

Let's look at the Daily chart time frame of the pair:

Bullish Case:

After testing the preliminary resistance area around $ 4.2+, it has touched the preliminary support area around $3.14 while dropping more than 30% against US dollars. Interested buyers can look for price level around $3.1-$2.9 for safe entry while risk taker can buy at present level to target price $4.2+ level in the coming days.

Stoch-RSI and MACD indicators are showing upcoming upside potential. Ichimoku cloud turning green slightly.

Also, breaking the $6+ price level will be strongly bullish(buy signal) for the asset in the long-term.

Bearish Case:

Early signs of the bear will be confirmed if the pair doesn't hold the $2.8 price level and breaking the last line of the defense around $2.1-$2.3 price level would be strongly bearish(sell signal) for mid-term and look for cheaper prices to get into the asset.

#5 Litecoin: LTC/USD (Coinbase)

LTC/USD pair has been a runner and moved 160+% and has been among top-performing cryptocurrencies.

Let's look at the Daily (D) time frame of the pair:

Bullish Case:

It has moved above the preliminary resistance price level around $49 and retouched showing the possibility of an S/R flip(resistance turned support). Interested buyers can look for $45-$48 for a mid-term target around $74 whereas safer entry would be around preliminary support area around $41-$39.

Also, the pair has moved above the Ichimoku cloud and 200D-SMAs which is strongly bullish (buy signal).

Bearish Case:

Breaking down $28 price level would be strongly bearish for the pair for mid-term until then the pair is bullish and safer to hold form mid-term.

Conclusion

Overall we saw an analysis of the top 5 best cryptocurrencies 2019 but there are signs and possibility that the entire cryptocurrency market has halted its downtrend and we might see an uptrend for coming weeks/months.

Note: The above references are for information and educational purposes only. It is not intended to be a piece of investment advice.

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