Ethereum, XRP and Litecoin look bearish against BTC, but promising against USD

Despite the pessimism seen across the crypto community in regards to altcoins, the following technical analysis will evaluate whether Ethereum, XRP and Litecoin are bound for an upswing.

XRP, and Litecoin look extremely bearish against BTC, their future looks brighter against the U.S. dollar.

If Ethereum is bound to continue falling it may try and test the next level of support around $145.XRP. XRP continues lurching.

This represents a 48 percent increase from the previous quarter where it sold $169.42 million worth of XRP. Although the firm plans to take a more conservative approach to XRP sales in Q3 2019, a popular Twitter account that tracks large cryptocurrency transactions recently reported that 1 billion XRP, worth over $258 million, were unlocked from escrow.

Based on the 1-week chart, XRP could soon drop down to the next level of support that sits around $0.1975 or even lower as Peter Brandt stated if the selling pressure behind it increases.

Based on the Fibonacci retracement indicator Litecoin spent over a month consolidating between the 38.2 and 50 percent Fibonacci retracement area.

If Litecoin is indeed bound for an upswing from the current price levels, it could find some level of resistance around $85, which is where the 50 percent Fibonacci retracement zone is at.

A break below the 65 to 61.8 percent Fibonacci retracement area is a strong signal of a trend reversal from bullish to bearish.

Although the cryptocurrencies previously analyzed look bearish against BTC, Ethereum and Litecoin could be bound for a major upswing against the U.S. dollar.

Ripple's CTO David Schwartz sold 2.8 million XRP worth roughly $810,000 since the beginning of 2019.