BuyUcoin Technical Expert Analysis Top 5 Cryptocurrency 23rd Aug To 31st Aug
BuyUcoin returns with a weekly technical analysis report provided by their experienced cryptocurrency specialist, with a price prediction of the top 5 cryptocurrencies from 23rd August to 31st Aug.
In this article, you can find below these top 5 forecasts for cryptocurrency prices and the technical analysis report.
- Ethereum (ETC)
- Bitcoin (BTC)
- Ripple (XRP)
- Litecoin (LTC)
- Bitcoin Cash (BCH)
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Ethereum (ETH) Price Analysis Report
ETH is the first one among others which started its lower end movements first, as I mentioned the BTC targets around 10500–9600$, I believe ETH will most likely to come to the 330–350$ region where the long term resistance is also located and ETH will be making the Higher low.
The next upside movement for ETH, after a retest of the above-mentioned zones, would be around 550$.
Bitcoin (BTC) Price Analysis Report
As covered in last week’s analysis report BTC made a higher high at 12500$ region and I am expecting BTC to come back to 10500$ and all the way back to 9600$ region before starting its movement to the upside.
Upon retest of the above-mentioned regions, we will see the BTC rally towards 16000$ regions.
If you are holding your funds and waiting to buy BTC here is your chance which will most likely come soon.
Ripple (XRP) Price Analysis Report
As I mentioned in the last week XRP analysis report that “XRP will also see the short term pullback to around 23–25 cents region and then start its upside movement to around 40 cents”, which I still believe is likely to occur very soon and I think XRP will be hitting the 0.20$ region if BTC reaches the 9600$ region.
XRP did outperform the market during the BTC surge and successfully hits our long term target of 0.30$.
I advise to patiently wait for the drop and buy when the market reaches some good ground.
Litecoin (LTC) Price Analysis Report
LTC has not done the major breakout to the upside during the previous BTC and other alts rally, which also indicates its upside movement will be huge when BTC will reach the 16000$ region.
I expect LTC will hit the 100–120$ region during the next upside surge, but before that happens a push towards the 50$-45$ will likely commence before we start seeing its upside movements.
Keep your buying bags ready for this upcoming dip because you will not likely to see these downside regions for a very long time.
Bitcoin Cash (BCH) Price Analysis Report
BCH analysis is the same as covered in last week’s analysis report as BTC will most likely retest to the 9800$ territory BCH will be hitting the 260$ region and maybe comes to 240$ before inevitably blasts to the upside.
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