Price Analysis 17/08: BTC, ETH, XRP, BCH, LTC, BNB, EOS, BSV, XMR, XLM

Published on by Cointele | Published on

XRP/USD. XRP plummeted below the critical support of $0.27795 on Aug. 14 and fell to a new yearly low of $0.225 on Aug. 15, which is a bearish sign.

LTC/USD. Litecoin broke below the critical support of $76.7143 on Aug. 14.

If the BNB/USD pair breaks down of $26.202, it can dip to $24.1709, which is a strong support.

The bulls purchased the dip to the critical support of $3.3 on Aug. 15, which is a positive sign.

Unless the price quickly bounces above 20-day EMA, we anticipate bears to make another attempt to break below the support.

If the support at $3.3 cracks, the downtrend can extend to $2.2.Contrary to our assumption, if bulls defend the support at $3.3, the EOS/USD pair might move up to 20-day EMA and above it to the top of the range at $4.8719.

BSV/USD. Bitcoin SV broke below the support of $136.89 on Aug. 14, but bears have not been able to sink the price to $107 as we had anticipated.

On the other hand, if the price turns down either from $136.89 or from 20-day EMA, it can slide to the critical support of $107. We suggest traders wait for the trend to turn bullish before buying.

XMR/USD. Monero broke below the ascending channel and plunged close to the next support of $72 on Aug. 15, thus triggering our recommended stop loss of $77. The previous support line of the channel is now likely to act as a resistance.

Conversely, if support at $83 holds, the pair might remain range-bound for the next few days.

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