04 level breaks, the digital currency can fall to $5,450 levels.
We don't find any buy setups at the current levels we are not proposing any trade on the ETH/USD pair.
On a breakdown from the range, the digital currency can slide to $7.6898.LTC/USDLitecoin is struggling to find buyers even at the current levels.
The LTC/USD pair has strong resistances between the downtrend line and $127. We shall turn positive only if the bulls succeed in breaking out of $127. Above this level, the digital currency should quickly move up to $140 and above it to the downtrend line of the descending triangle at $158 levels.
If the bulls succeed in breaking out of this level, Cardano should pick up momentum and rally to the 50-day SMA and above it to $0.35.
If the ADA/USD pair returns from the current levels, it will find a strong buying support at $0.17.
If the level fails to hold, it can slide to the bottom of the range at $0.13.We suggest buying only 50 percent of the desired allocation above $0.23 because volatility will remain high inside the range.
We anticipate a strong resistance at $2.2117 levels.
We shall wait for a break out of $2.2117 levels or wait for a dip to $1.63 levels to enter long positions.
We don't find any trade setup at the current levels; hence, we are not suggesting a trade on the IOTA/USD pair.
Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 01
Published on Jun 1, 2018
by Cointele | Published on Coinage
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