Price Analysis 19/07: BTC, ETH, XRP, LTC, BCH, BNB, EOS, BSV, TRX, XLM

The dip below the 50-day SMA was bought aggressively and the price has reached the 20-day EMA. This shows strong demand at lower levels.

The bears are trying to defend the 20-day EMA.If the BTC/USD pair turns down from current levels and plummets below $9,080, it will indicate a change in trend.

If successful, it can drop to $150.Contrary to our assumption, if the price rebounds from the uptrend line and sustains above $224.086, it can move up to the 20-day EMA. The ETH/USD pair has been among the stronger altcoins it might outperform when the recovery starts.

LTC/USDLitecoin rose sharply from close to $76, but hit a wall at the 20-day EMA. The previous support line of the channel will now act as a stiff resistance.

The pullback will signal strength on a breakout above 20-day EMA. The pair is one of the stronger altcoins traders should watch it carefully.

The recovery is facing selling close to $325. If the price breaks out of this overhead resistance, it can move up to the resistance line of the channel.

We will wait for the price to sustain above the 20-day EMA before proposing a trade in it.

Conversely, if bulls succeed in pushing the price above $4.493 and the 20-day EMA, the pair can move up to the resistance line of the channel.

If the price turns down from the 20-day EMA, bears will try to resume the downtrend by breaking down of $107. If successful, there is a minor support at $93.680, below which the fall can extend to $50.030.

Contrary to our assumption, if bulls push the price above 20-day EMA, the BSV/USD pair can move up to the resistance line of the channel.