Price Analysis Jan 17: BTC, ETH, XRP, BCH, BSV, LTC, EOS, BNB, ETC, TRX

For now, the traders can retain the stops at $150, which can be trailed higher after the pair scales above $173.841.XRP/USD. XRP dipped to the neckline of the inverted head and shoulders pattern on Jan. 16 but the bulls defended this level, which is a positive sign.

If the price can now scale above $0.2454, it can move up to $0.31503.

The traders who initiated long positions on our suggestion given in the previous analysis can maintain the stop loss at $0.1995.

For now, the traders can retain the stops on the remaining long positions at $300. The stops can be trailed higher after the BCH/USD pair scales above $360. Our bullish view will be invalidated if the bears sink the pair below the critical support at $306.78.BSV/USD. Bitcoin SV has pulled back to just below the 50% Fibonacci retracement level of the recent leg of the rally from $115.75 to $458.74.

The traders can trail the stop loss on the remaining long positions to $54. If the price rises above $60.8452 but fails to scale above $66.1486, the stops can be tightened further.

Contrary to our assumption, if the price turns down from the current levels and breaks below $54.7278, the LTC/USD pair can dip to $50.EOS/USD. EOS bounced off $3.5216 on Jan. 16 and is currently attempting to scale above the overhead resistance at $4.24.

Failure of the altcoin to sustain above $18.2 indicates that buying dries up at higher levels.

If the bulls fail to sustain the price above $18.2, the BNB/USD pair might remain range-bound for a few days.

Our view will be invalidated if the bears sink the price below $16. Below this level, a drop to the 20-day EMA and below it to $14.5201 is possible.

If the bulls can push the price above $0.0181864, move to $0.020 and above it to $0.0234 is possible.