Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, Litecoin, Cardano, Stellar, IOTA: Price Analysis, June 18

Published on by Cointele | Published on

On the upside, the first resistance is at the $7,700 levels, above which the rally can extend to the resistance line of the symmetrical triangle, close to $8,500 levels.

Our assumption of a range bound trade will be invalidated if the price breaks below the $6,000 levels.

XRP/USDRipple is trying to find support close to the $0.5 levels.

A breakdown of the $817.8709 levels can extend the down move to the next support zone of $777.5304-$736.0137.This is a risky trade please keep the allocation size 40 percent of usual size.

EOS/USDEOS is trying to stay above the $10.3384 levels.

A breakdown of this level will result in a retest of the June 13 lows of $9.0887, below which a fall to $8 levels is likely.

LTC/USDLitecoin continues to trade below the breakdown levels of $107.102.

If the LTC/USD pair doesn't move lower, it will indicate that the sellers don't want to part with their holdings at these levels.

If the cryptocurrency breaks out and sustains above the $107.102 levels, it will invalidate the bearish development and will offer the traders an opportunity to go long.

Any breakdown of the $0.13 levels on a closing basis will be a negative development and will invalidate our assumption of a range formation in the digital currency.

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