Ethereum, Bitcoin Cash, Ripple, Stellar, Litecoin: Price Analysis

Ethereum continues to be strong as it is still trading above the uptrend line and above both moving averages. We are holding 50 percent of our original purchase done at $1,000 levels with the stops at breakeven.

ETH/USDWe remain bullish on the ETH/USD pair because it continues to form a higher low on the charts. This shows that the bulls are eager to buy on dips, so they don’t let prices fall.

But the up move is facing profit booking at higher levels. As a result, the 20-day EMA has turned flat, which points to a consolidation in the short-term. The 50-day SMA continues to rise indicating the uptrend continuation.

Our bullish view will be invalidated if the cryptocurrency plunges below the uptrend line and the 50-day SMA.

BCH/USD
Bitcoin Cash is down around 64 percent from its peak of $4,139.0893, that was reached on December 20, 2017.

BCH/USD$1,364.9657 is an important support level on the downside. If the BCH/USD pair breaks below this, we anticipate a fall to $1,150 levels, which is the next major support.

If this level holds, the bulls will attempt to break out of the 20-day EMA and the downtrend line. In case they succeed, we can expect the cryptocurrency to remain range-bound between $1,364.9657 and $2,072.6853.

XRP/USD
Ripple continues to be under pressure. It is unable to settle at any support level. Currently, it is taking support at the psychological level of $1.

XRP/USDIf this level breaks down, we can expect a slide to the lower end of the range at $0.87. If we find strong buying emerge at this support level, we may consider initiating long positions.

Until then, we don’t find any buy setups on the XRP/USD pair, so we don’t recommend any trade on it.

XLM/USD
Stellar has broken down of the trendline immediate support and the price is quoting below the 20-day EMA.

XLM/USDIts next support is at the 50-day SMA and below it at the $0.41 levels.

On the upside, the XLM/USD pair is likely to face resistance at the trendline and the recent swing high at $0.634 levels.

Initiating long positions only above $0.65 levels might be a good move in this case.

LTC/USD
Litecoin broke below the critical support of $175, which completes the bearish descending triangle pattern. The bears are likely to push the price down to $140.001 and after that to $85 levels.

LTC/USD
On the other hand, the bulls will try to quickly reclaim the $175 levels. The LTC/USD pair will turn positive only after it crosses the downtrend line. It might be a good idea to wait for the trend to change before suggesting any trade.

Source:https://cointelegraph.com/news/bitcoin-ethereum-bitcoin-cash-ripple-stellar-litecoin-nem-neo-eos-price-analysis-jan-31