LTC/USD, LTC/BTC Price Analysis: LTC Shows Slight Gains

LTC/USD

LTC dipped back from the $81 level on Sept. 19. it's 23.6 Fibonacci level. It broke down the 50-day EMA. Also, it's now trading inside a small ascending channel. If the pair breaks down the channel, a fall to $62 strong support is likely. This is an important level. If the price slips below it, the downtrend will resume.

On the other hand, bulls need to push Litecoin above $81 level to change the trend.The first target is $100 and above it $114. Therefore, traders can buy on a close above $81 level.

LTC/BTC

LTC/BTC dipped back from 0.008 level. It's trading below the 50-day EMA. Now the pair finds support from both 20-day EMA and the trend line. A break above 0.008 level can carry the price to 0.01. Traders should wait a close above 0.008 to initiate fresh position.

Ethereum Shows Recovery: Bulls Jump In Again

Daily Chart

Ethereum breaks out both 20 and 50-day EMA. Also, a golden cross between moving averages is about to happen. RSI shows that the power is in bulls' hands. All of these show that the trend is changing from down to up.

ETH/USD has rebounded from the trend line shown in the chart and it found support from 0.236 Fibonacci level at $212. The bulls will try soon to propel the pair above the trend line and carry it to the next target at $240 thereafter to $265.

On the way down, the moving averages will give us a great opportunity to buy Ethereum at good levels with stop loss below them.

4H Chart 

In the 4H chart, you can see clearly how the 20-day EMA provides good support. Below is the 50-day EMA that may hold any correction.The main resistance level is at $240. If bulls successfully break above it, a strong uptrend is expected to start.

ONT Price Prediction: ONT Saw Some Gains

ONT(Ontology) Price Outlook

ONT has finally broke up the 20-day EMA which is the first sign of recovery. RSI is still showing bullish divergence. As we stated in our last analysis, the trend line and the 50-day EMA will be the next resistance zones. Today the price has rebounded from the trend line. Traders should go bullish when the pair closes above the 50-day EMA. Above this level, a rally to $1 is probable.

In the downside, 20-day EMA will be the first support now, thereafter $0.68 level.

ONG Price Outlook

ONG is in consolidation now. It is trading below the moving averages which is negative. The area between the moving averages will act as a stiff resistance. If the bulls succeed to break above it, a move to $0.25 is likely.

ONT (Ontology) : Moving Averages Fight Any Recovery

 

After the breakdown of the uptrend line, ONT/USD is trading in a range-bound condition. The main resistance right now is the 20-day EMA. Look at the chart and see how this moving average is a great hurdle for any recovery. This shows that the trend is down. Above the 20-day EMA there are the trend line and 50-day EMA. We suggest traders open long positions only if the price breaks out the 50-day EMA.
If the bulls successfully carry the pair above both the moving averages, a rally to $1 level is likely. Thereafter to $1.20.

On the other hand, bears weren't be able to drag the price below $0.68 level, this shows that the selling pressure isn't strong yet. However, if the buyers don't come in soon, the bears will try to sink the pair below this level and extend the fall to $0.50. 

Therefore, we don't recommend open fresh positions at current  conditions.

BTC, ETH and LTC Price Analysis

Bitcoin Price Outlook

Bitcoin breaks above the moving averages which is positive. A golden cross between 20-day EMA and 50-day EMA is about to happen. Moreover, the pair has formed a huge symmetrical triangle. Traders should wait for a break out above the downtrend line to initiate fresh long positions. The price target of the breakout is around $13,000. The RSI is in favor of the bulls.

In the downside, $9080 is proved to be good support. The bulls will defend this level aggressively. If it breaks down, it may indicate a change in the trend.

Ethereum Price Outlook

Unlike Bitcoin, Ethereum looks less bullish. It's still trading below the moving averages. The 20-day EMA is a real hurdle for the pair to advance. Most importantly, ETH/USD breaks down the uptrend line, which is negative. Traders should carry the price above the 20-day EMA to start the recovery. Above this level, 50-day EMA will be the next hurdle. For now, we can't see any reliable buy set up.

For supports, $163 will be the first one, thereafter $147.

Litecoin Price Outlook

Litecoin is in the hands of the bears. The price has corrected below the 0.618 Fibonacci retracements of the entire rally from the low of $22 to the high of $146. Other resistance can be seen from the downtrend line and moving averages. A successful break out of the downtrend will resume a strong uptrend.

On the downside, if bulls can't clear the resistance, a revisit to the recent low at $62.20 is more likely to happen.

GBP/USD, EUR/USD Technical Analysis

General overview of GBP/USD

Prime minister Boris Johnson intends to suspend Parliament from September 12 until Oct. 14. The opposition party said it could trigger an emergency debate in parliament next week to try to prevent Prime Minister taking Britain out of the EU without a withdrawal deal. This is a negative environment for GBP.

Daily Chart Technical Analysis

 

 

The major trend is still bearish. GBP/USD is trading below the moving averages. They are behaving as  stiff resistance for the pound to advance. On the upside, $1.23 will be the first hurdle for the bulls if it is broken it may trigger a rise to $1.2345 and to 50-day EMA.

However, $1.2100 will be the first support as it's the Psychological level. A break below it may carry the sterling to $1.2020.

 

General overview of EUR/USD

EUR plummeted against USD as German inflation slowed in August and unemployment rose. This shows that the largest economy in EU is slowing. Additionally,  traders priced in a rate cut by the European Central Bank as its policy meeting on September 12.

Daily Chart Technical Analysis

 

 

 The main trend is bearish. If the fall continue the first support will be at $ 1.0960, thereafter  $1.0900 level.

On the upside, EUR/USD will face resistance from $1.1060 level. If it breaks out, it may go to $1.1100 the Psychological level. It's very important level as the 20-day EMA is located there too.

 

ETC Shows Bullish Signs

 

 

General View

ETC was one of the best performer coins in the last five days. The main reasons for this bull run are the forthcoming Atlantis hard fork, which aims to develop high-quality blockchain software that preserves the security of the network. Additionally, Ethereum Classic Labs announced North Block Capital as part of the ETC Labs’ Studio program. They will work together on creating comprehensive token sale initiatives for North Block Capital investments, clients and partners.

Daily Chart Technical Analysis 

ETC/USD is trading above the moving averages which is positive. Also, RSI is in the overbought zone which confirms the upper hand of the bulls. 

If we look at the daily chart,we will see a bullish flag formation. This is a continuation pattern. To validate this pattern, the price should break out the upper line of the flag usually accompanied by volume. The price target of the break out is $9.50. Therefore, traders should go long on a breakout of the flag.

The pair is also completed a double bottom pattern that confirms our bullish view.

In the downside, $6.80 will provide  good support. We will stay bullish as long as Ethereum Classic stays above the moving averages.