Litecoin
Against the background of the general correction of the crypto market, the lightcoin after testing the level of $ 47.45, where the line of the 200-day simple moving average passes, returned to the borders of the cluster of $ 40– $ 42, which also acts as a powerful support. Saving momentum for growth will send the price to the levels of $ 36 and $ 30.60. But the exit of the level of $ 47.45 will allow conservative traders to open deals with goals of $ 52 (38.2% correctional level on the Fibonacci lines), $ 56.80, $ 60.80, $ 65 and $ 70.
Over the past few months, Bitcoin Cash, like lightcoin, has been developing consolidation within the framework of the “Horizontal Channel” of $ 200– $ 272. Going beyond it will become the basis for the development of the powerful BCH movement. So, provided that the level of $ 200 is broken, lightcoin support will be found at around $ 170. At the same time, a break above $ 272, where the 200-day simple moving average line runs, will signal a set of long positions with long-term goals of $ 305, $ 356 and $ 400.
On the four-hour chart, XRP broke through the lower boundary of consolidation of $ 0.2050– $ 0.2360. This sent the altcoin downward correction to the support area and the first target of $ 0.18. But this drop is likely to be bought by “smart money”, which will seek to return quotes to the framework of the consolidation indicated above. In the long run for the coming months, XRP will go to the levels of $ 0.2540, $ 0.27, $ 0.2860 and $ 0.30.
Binance Coin quotes this week fell to the levels of $ 17 and $ 18.14 and further to the area of ??the first target in the form of the area of ??$ 15.30– $ 16. A further fall seems unlikely, but if sellers manage to gain a foothold in the market, it is possible to lower BNB to the level of $ 14. However, in the coming months, we should expect a return to the framework of the “Channel Up” technical analysis model, as well as achieving the goals of $ 19.36, $, 21.30 and $ 23.50.
