LTCUSD: technical analysis 27.02.2018

LTCUSD-2018-02-27_12-24-01

Current trend

On 4-hour chart, LiteCoin is correcting up from the midline of the Bollinger Bands (210.93).

The main target of the correction is the level of 226.56 (Murray [5/8]), which also corresponds to the upper line of Bollinger Bands. There is a high chance of a downward rebound from level 226.56.

The breakout will let the price to grow to the area of 234.37 (Murray [6/8]), 242.18 (Murray [7/8]).

Continue reading LTCUSD: technical analysis 27.02.2018

Ethereum: technical analysis 23.02.2018

Etherium-2018-02-23

Current trend

At the current time, the Ethereum price is in the upward correction.

The first target of the correction is the level of 860.00, which corresponds to the middle line of Bollinger Bands. If the price consolidated above this level, it can grow to the next resistance levels of 875.00 (Murray [4/8]), 906.25 (Murray [5/8]). Otherwise, downward trend will develop further after the price is set below the level of 812.50 (Murrey [2/8]). In this case, the further fall to the area of the level 781.25 (Murray [1/8]) is possible.
Continue reading Ethereum: technical analysis 23.02.2018