Cryptocurrency Coin Price Prediction

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Today's Top Cryptocurrency Coin Price Predictions

Latest Weekly Coin Market Value Forecasts (for historical and past references)

Top Altcoin Price Predictions for Each of the Most Popular Tokens along with Bitcoin (BTC)

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Today's Top Crypto Coin Market Price Analysis:

Here is the April 12, 2019 crypto price predictions for the top tokens of today:

First, make sure you click on today's post above to see all of the latest coin price action. Second, we have combined all of our top past analysis by date to see the market snapshots.

Latest Cryptocurrency Market Value Forecasts:

Here is yesterday's bitcoin and altcoin price prediction forecast followed by all prior analysis.

Crypto Price Analysis: (BTC,ETH,LTC,BCH): June 7, 2019

Bitcoin (BTC) Forecast

The price of Bitcoin has increased from yesterday low at $7580 to $7980 at its highest point today which is an increase of 5.25% but is currently being traded slightly lower and is struggling to keep up the upward momentum.

As you can see the price came above the ascending triangle's resistance level and continued moving to the upside until it came to the next minor resistance point at the prior downside moves 4th wave where it found resistance which is indicated from the wick on the upper side of the last couple of hourly candles. From here the increase is likely to continue to some of the more significant levels which have been pointed out in my previous analysis and are at $8140 and the next one at $8500.

If we are seeing the development of the higher degree 4th wave out of the five-wave move from last Thursday, the increase would end as a rejection at the first significant level at $8140 but if we are seeing another kind of upside correctional movement the increase could continue to the second at $8500 before the next downturn.

In theory, there is still a possibility of another higher high before the downtrend which could bring the price of Bitcoin to $9400 are around the 0.382 Fibonacci level for interaction but as the market is currently overruled with a bearish sentiment I don't believe that's likely. More likely we are seeing the first wave out of the developing downtrend in which case it would end as a five-wave move with the price getting rejected at around $8140 and going down further to the 0.236 Fibonacci level at $7056 which would be its 5th wave.

As this would be only the first wave further low would be expected for the price of Bitcoin and the first significant support zone is around $6250 which was a significant horizontal resistance point on the way up.

Ethereum (ETH) Forecast

From yesterday’s low at $238.22 the price of Ethereum has increased by 5.73% as it came up to $251.88 at its highest point. The price is currently being traded slightly lower but is still above the previous minor horizontal resistance at $247.

On the hourly chart, you can see that the price has started moving to the upside but is struggling to keep up the upward movement at the first downfall level made last Thursday. This may be the 4th wave of the five-wave move to the downside from last Thursday in which case the price cannot go any further than it already had, so we could see an immediate depreciation in price but since we have seen some bullish recovery in the market I believe that the price is likely to continue moving to the upside a bit further to the 0.236 Fibonacci level at $260.

This would be the third wave of the correctional upside structure after which further downside continuation would be expected, but if the price exceeds the Fibonacci level and continues moving to the upside we could see it retesting the $273 horizontal level before further downside.

Litecoin (LTC) Forecast

From yesterday's low at $102.3 the price of Litecoin has increased by 11.9% as it came up today to $114.47 at its highest point today. The price is currently being traded at $113.2 as it found resistance at the expanding channels resistance level and is now back inside its territory.

Looking at the hourly chart, you can see that the price interreacted with the channels resistance level ending as a rejection which means that now we are likely to see a downside move with the price coming at first to the $109.35 which was surpassed on the way up and then further to the downside if we have seen a corrective increase like presumed.

The other possibility would be that the price would continue increasing after it finds support at $109.356 level and starts moving above the expanding channel's resistance level but I wouldn't expect it to go above the 0 Fibonacci level which is at $118.945 which is the prior high's ending point. Above prior high is another significant horizontal resistance level at $122.32 and is the upper level of the resistance zone. As the price struggled to come to this upper level when the buyer's momentum was stronger I wouldn't believe that I could do so now that the bearish has shown to be stronger.

If we have seen the first downside structure from last Thursday, the currently seen upside movement would be it's second with the next one to the downside shortly to be expected. The first area of most significance for support would be at around $83, above the 0.382 Fibonacci level as it was proved to serve as strong support.

Bitcoin Cash (BCH) Forecast

From yesterday’s low at $377 the price of Bitcoin Cash has increased by 6.7% as it came up to $402.2 at its highest point.

Looking at the hourly chart, you can see that the price came up to the significant resistance level of the descending channel in which it is since last Thursday when the downfall started. As we have likely seen the completion of the 5th wave of a higher degree count, a downtrend has started.

The decrease seen from last Thursday could develop in a five-wave manner in which case the increase seen from 5th would be its 4th wave. The price hasn’t entered the territory of the 2nd wave whole pivot level is at $413 so another interaction with it before another lower would could be seen as an optimal scenario.

Conclusion

Correctional upside movement which was expected has started developing with the prices almost reaching or in the case of Litecoin reached their significant resistance levels so another minor increase would be expected but another downfall over the weekend.

Author: Nikola L

Crypto Price Analysis: (BTC,EOS,LTC): June 6, 2019

Bitcoin (BTC) Live Price and Analysis

From yesterday's open at $7508 the price of Bitcoin has recovered slightly but hasn't come up above $7865 where it found minor resistance. The price is currently being traded at around those levels as another attempt is being made for the price to exceed those levels.

On the hourly chart, you can see that the price action of Bitcoin formed an ascending triangle from yesterday's open as higher highs have been made but the resistance remained at the same horizontal point as the sellers are putting pressure there. Prior to the formation of the current cluster, we have seen a decrease of 14.52% in a five-wave manner which is the third wave to the downside from last Thursday.

This indicates that now we are likely to see a recovery as the 4th wave would be the one to the upside and the previous five-wave one has ended. This is why I would be expecting a breakout to the upside from the currently seen cluster. If the price goes to the purple interrupted level at $8140 and gets rejected there it would mean that the small recovery was the 4th wave out of the higher degree five-wave move which started last Thursday when the first significant downfall of over 9% has been made and would be a stronger indication of the starting downtrend with the price forming another lower low.

If the increase continues past the mentioned level it would mean that the decrease seen from last Thursday ended as a three wave move in which case the decrease was seen could still be the part of the 4th wave of the Minute count with another higher high ahead and potentially an interaction with the 0.382 Fibonacci level. But if the price gets rejected at around $8500 it could mean that a more complex correction has started to form.

In either way, the price of Bitcoin is expected to go significantly lower after some recovery has been made as the 5th wave of the Minor count has been completed or is near completion. The most significant support zone with whom the interaction would be awaited would be at around $6250 which was a major resistance point on the way up and highly significant horizontal area. If the price breaks the level and continues moving to the downside the next significant support area would be at $4300-4100 but we are yet to see if the seller's momentum would be strong enough to push the price that low.

Litecoin (LTC) Live Price and Analysis

The price of Litecoin has been decreasing from Monday with strong momentum. The cryptocurrency has depreciated in value by 14.61% from Monday's high at $115.52 to the low at the yesterdays open at $98.64 which is the weekly low so far. The price is currently being traded at around $104 as it found some temporary support.

On the hourly chart, you can see that the price of Litecoin interacted with the still unconfirmed ascending trendline after which it started forming a cluster above the level which is now starting to look like an ascending triangle with the price stuck below $105.455 resistance level from the upside but higher lows have been made. This indicates that the buyers are trying to make a recovery buy the sellers are putting strong pressure on the same horizontal level.

If the buyers manage to catch up some traction and regain control temporarily we are going to see a breakout to the upside from the currently seen ascending triangle but I don't believe that the upward movement would continue past the next significant resistance point which would be at around $109.35 which is the significant horizontal level above which it is considered to be the sellers territory. The next significant resistance point would be at the formed expanding channel to the downside but if the price takes some time to get to the upside it could bring this level lower since it is a descending one, closer to the previously mentioned significant horizontal one and would eventually intersect it.

Last Thursday we have seen the end of the five-wave impulse to the upside which is the sub-wave of the higher degree 5th wave of the Minute count. If this impulse wave ended it means that even a higher degree count has completed with the price starting a downside movement either as a correctional one or a higher degree downtrend. The first significant support zone I would expect to see the price of Litecoin after a corrective upside movement would be at around $83 area, but if we are seeing the starting downtrend this support point would only be the first one with the price eventually going below it as well.

EOS Live Price and Analysis

From Saturday the price of EOS has been in a downtrend and decreased by 29.7% coming from $8.6 to $6 at its lowest point of the week on yesterday's open. The price has started recovering since but has only come up to $6.52 before showing signs of struggle as the sellers have pushed the price back to $6.27 level again with the price currently being traded there.

Looking at the hourly chart, you can see that the price is looking for support around the 0.236 Fibonacci level as it came below it on yesterday's open but quickly pulled back up and has been retesting it since. The price prior to the downfall made a higher high coming to $8.66 at its highest point which was the ending of the 5th wave from every count which means that we are seeing the development of the downside move which follows the completion of the impulsive move.

Now that the price has decreased by over 29% in one go, we are likely to see a recovery attempt. The price fell below $6.8 significant horizontal support so interaction with it from the downside for a retest of resistance looks likely but the price could continue moving above it if the buyers catch enough momentum and if the price continues moving above it the next significant level would be around half range of the previous decrease which would be at $7.33.

After this recovery ends, more downside would be expected for the price of EOS if the downtrend has started with the next significant support zone being at around $4.6

Conclusion

The prices of the major cryptos have been in a recovery from yesterday’s open but struggled to exceed the minor horizontal resistance which caused the formation of a cluster. A breakout to the upside would be expected but now for much longer as the first significant resistance points are very close.

I would be expecting to see that the prices get rejected at those first resistance points and propel the price into further downside trajectory.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC): June 5, 2019

Bitcoin (BTC) Live Price and Forecast

From yesterday's open at $8462, the price of Bitcoin has decreased by 11.19% as it came down to $7514 at its lowest point today. Since today's low, the price has started recovering and reached $7930 but is currently being traded around $7876.

On the hourly chart, we can see that yesterday's open was on the ascending support level from the channel in which it was since the 11th of May. The price fell below it moving further down below the second horizontal level (purple interrupted line) which was the minor resistance point on the way up and later served as support on the first downfall from last Thursday. The sellers have managed to push the price inside the lower range in an impulsive five-wave manner which indicates that the downtrend has started.

Now that the three waves have developed to the downside from last Thursday we are likely to see an upward correction developing. If we are seeing the development of the first five-wave move to the downside from the staring downtrend, the expected move to the upside would be its 4th wave and in that case cannot go above the interrupted purple line at around $8130 after which the 5th wave to the downside should develop.

If we are seeing some complex correction developing the three-wave move from last Thursday could be the first structure with the expected upside move being it's second in which case the increase could continue to $8500 level which is the next significant resistance point. I was expecting an interaction with the 0.382 Fibonacci level before the completion of the bullish upswing but it hasn't occurred so another possibility could be that we even see a corrective upside move to it but I don't believe that's likely.

Ethereum (ETH) Live Price and Forecast

The price of Ethereum has decreased by 5.55% from yesterday’s open at $249.35 coming to $235.5 at its lowest point but is currently trading at $244.3 as a small recovery has been made to the levels of the yesterday’s open where the price found resistance again and has pushed lower.

Looking at the hourly chart, you can see that the price came down below the 2nd waves of the previous impulse ending point and found support around the vicinity of the higher degree’s 4th wave’s ending point. This invalidates the possibility of a further increase before the starting downtrend which means that we are most likely seen the first three-wave movement from last Thursday out of the expected downside move.

If the price has started its awaited downside move the price is now headed significantly lower to some of the broken resistance levels but there could still be a possibility that the increase might continue if we are still seeing the MInute 4th wave developing as a prolonged three-wave complex correction which I don’t believe is likely.

From last Thursday three-wave move to the downside have developed and if we are seeing the start of a downtrend it should develop in a five-wave manner. As it looks like the decrease which started on Sunday ended an increase to the upside would be expected to start but only as a small correctional one which isn’t going above the 0.236 Fibonacci level.

If the price goes above the 0.236 Fibonacci level we could see the price exceeding the prior high as it would mean that the structure made from 16th of May until today was the 4th wave out of the Minute count.

The first significant zone the price would be expected to go to would be at around $200 depending on the momentum behind the sell-off. The next one after that would be at around $174.

Litecoin (LTC) Live Price and Forecast

From yesterday's open at $105.664 the price of Litecoin has decreased by 6.56% today, coming to $98.7 at its lowest point. The price is currently being traded at $101.96 after it came back to the levels of the yesterday's open and found resitance there causing it to start moving to the downside again.

On the hourly chart, you can see that the price found support on the still unconfirmed ascending support level out of the previous rising period. From last Thursday the price has moved in a three-wave manner but with the previous move could have been a five-wave one which has made an expanding channel to the downside. We have likely seen the completion of the first downside structure with the price now expected to move to the upside on a minor correction, likely ending as interaction with some of the significant resistance levels.

The first significant resistance would be at $109.356 horizontal level which is considered as the starting point of the resistance zone. The next one would be at the expanding channel's resistance which would be slightly above the prior level but if the interaction takes a bit longer then projected the levels could intersect on the interaction which would bring the resistance point back around the vicinity of $109.

As we have likely seen the ending of the five-wave impulse from 29th of April a breakout to $83 area would be expected shortly which is the first significant support area. As this mentioned impulse from 29th is the sub-wave of the ending 5th wave of a higher degree count the price is likely to continue moving past $83 further to the downside as we are seeing the development of the higher degree downside move.

Conclusion

The prices have continued moving to the downside from yesterday but have reached their minor support point which is why now a corrective increase would be expected. If we are seeing the starting downtrend the expected upside move cannot go above their broken support point on the way down and would likely get rejected at the interaction.

If the prices shortly start another downside it would likely mean that they are going back to the significant resistance point on the way up for a retest of support.

Source – Coin360.com – Click to see a full-size imageAuthor: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC,XRP): June 4, 2019

Bitcoin (BTC) Live Price and Forecast

From yesterday's high at $8742, the price of Bitcoin has decreased by around 10% today as it came down to $7856 at its lowest point. Over the weekend we have seen the price reaching $8970 and has expected to continue potentially increasing for another minor higher high and interact with the 0.382 Fibonacci level at around $9400 after the higher degree downturn starts.

The price has fallen below the significant horizontal support at $8500 and broke the ascending support trendline made by the previous upside move. This could be an early indication that the expected downturn has started as the price fell outside the territory of the ascending structure in a three-wave manner. The interaction with the 0.382 Fibonacci level might still occur but it looks less likely at the moment as the five-wave impulse looks like it ended.

If we have seen the completion of the five-wave impulse which is the sub-wave of the 5th wave from the Minor degree the decrease seen from last Thursday could be the starting downtrend with the first three-wave structure developing to the downside. As the price bearly made a higher high last Thursday coming up spiking it looked like another increase would occur. This could still happen if the ascending structure is still the 4th wave's correctional movement developing but as the price fell to the 2nd wave's ending point it will more likely not happen.

The price is now expected to go down to some of the broken resistance levels on the way up, out of which the first significant zone would be around $6250.

Ethereum (ETH) Live Price and Forecast

The price of Ethereum has decreased by 9.77% from yesterday’s high at $269.65 to today’s low at $243.31. The price is currently being traded at $250 and is trying to start recovering with the clear signals of some temporary support reached, indicated by the large wick on some of the hourly candles.

Looking at the hourly chart, you can see that the price has made a lower low which could be an early indication that the downtrend has started after the price completed its five-wave move to the upside.

The price fell inside the territory of the ascending structure which was broken and now that it has it will likely go to its support levels around the intersection with another significant ascending trendline.

This would bring the price of Ethereum back to about $213 but if we are seeing the higher degree downtrend like presumed the price is headed significantly lower after some upside correctional movements.

Ripple (XRP) Live Price and Forecast

The price of Ripple has decreased by 12.36% from yesterday's high at $0.46 as it came down to $0.4035 at its lowest point today. The price is currently being traded at around $0.412 slightly above today's low. As the shart decrease has been made it could be an early indication of the starting downtrend which was expected but the price hasn't exceeded the previous high last Thursday which makes this possibility still in play.

Looking at the hourly chart, we can see that the price of Ripple fell below 0.786 Fibonacci level which served as support but hasn't come down to the 0.618 Fibonacci level. This means that unlike in the case of Bitcoin, the price of Ripple hasn't entered the territory of the 2nd wave out of the last impulse to the upside and we could potently see another increase from here if this movement is the 4th wave's correctional structure.

Interaction with the 1.272 was expected before the starting downtrend and as the price hasn't gone above the May 16th high it could still do so. The other possibility would be that the 5th wave ended as truncation with the last Thursday's high being its end in which case the three-wave movement seen from there would be the first structure out of the starting downtrend. If this is true we are now likely to see a higher degree move to the downside to some of the significant support level.

The most significant support level would be around $0.348 at 0.382 Fibonacci level which served as significant resistance on the way up, so if the price is to pullback for an establishment of support interaction with the mentioned level would be awaited.

Litecoin (LTC) Live Price and Forecast

From yesterday's high at $115.674 the price of Litecoin has decreased by 12.48% as it came down to $101.23 at its lowest point today. A small recovery has been made since with the price currently being traded at around $105.7 and in an upward trajectory. On the hourly chart, you can see that a lower low has been made with the price going below the significant horizontal support at $109.356. Now we could see interaction with the level from the downside as a retest of resitance, considering that the price is in an upward trajectory after an impulsive move to the downside. If the price finds resistance there and gets rejected it could confirm the starting downtrend as above it would be the sellers' territory and rejection at those levels would mean that the sellers have lowered their prices.

Last Thursday the price reached $120.8 at its highest point which was the ending wave from the upward impulse most likely so as it has completed this downtrend was expected to shortly start. If we are seeing the starting downtrend it would be the one of a higher degree as the 5th wave from the Minute count was the completion of the ending wave of the higher degree, Minor count.

Is now more downside would be expected for the price of Litecoin we could likely see in it back to 0.382 Fibonacci level at first before a significant upside correction which would bring the price to $85-81 area.

If we are seeing the higher degree downtrend developing the price would continue moving lower then that after an upside correctional move but it is still unclear how far it would continue.

Conclusion

Analyzing the chart of the top cryptos, it looks like the expected downtrend has started with the prices showing impulsiveness and have made lower lows. The confirmation would still be awaited and will be seen as a rejection from the broken significant horizontal support levels.

If we have seen the end of the bullish period the market would start to enter a bearing one which could result in lower lows out of the whole bear market but this will be evaluated in due time. For now at least interaction with the broken resistance point on the way up would be expected.

Crypto Market Overview

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC,BCH): June 3, 2019

Bitcoin BTC/USD

From Friday's low at $8126, the price of Bitcoin has continued increasing over the weekend as it made a recovery of 8.54% on Sunday when it came up to $8820 at its highest point. From yesterday the price has been decreasing again, dropping around 4% to $8456 at its lowest point today. Looking at the hourly chart, you can see that the price fell below the significant horizontal level at $8500 but is currently hovering around it as it's retesting it for support. As the price hasn't gone below the $8120 level on Friday and hasn't entered the territory of the lower wave the possibility of another increase still stands and considering that the price has managed to go above the significant horizontal level at $8500 we could be seeing this expected increase developing.

As you can see the price action has made another ascending channel from 13th of May which could be interpreted as an ending pattern for the 5th wave. This would be the 5th wave of the last impulse to the upside both of the Minute and the Minor count which means that after its completion a downturn would be expected but as it hasn't developed fully, an interaction with the 0.382 Fibonacci level is still awaited which would be around $9400.

Ethereum ETH/USD

The price of Ethereum has made a recovery of 11% over the weekend as it came up from $246 at its lowest point on Friday to $273.8 at its highest on Sunday but since then another decrease has occurred of around 4.85% with the price currently being traded at around $262.

On the hourly chart, you can see that the price of Ethereum found support on the significant ascending trendline which was the resistance level of the broken ascending channel from which the price has made a breakout on 15th of May.

The level is serving as significant support as the price interacted with it two times since the breakout occurred and is currently making the third one at the intersection with the 0.236 Fibonacci level. We are likely to see the support point hold for now as the price spiked to the downside today but managed to pull back itself up above the Fib level indicating buyers interest.

If the price finds support here like expected another increase is to be expected with a higher high to around $308 area where the 0 Fib level is which is the next significant resitance point. The increase might have ended altogether as the previous one has shown a five-wave manner movement but since the price hasn’t come down below the significant horizontal level, the uptrend continuation is still a possibility.

After the increase ends, shorty a higher degree downtrend would be expected to start as the wave structure implies that we are seeing the completion of the higher degree five-wave impulse to the upside.

This downtrend would likely bring the price of Ethereum back down to some of the significant resistance levels, broken on the way up, for a retest of support. The most significant one would be at around $214-206 area around the 0.5 Fibonacci level and the ascending resistance level from the higher degree ascending channel from January.

Bitcoin Cash BCH/USD

On Friday the price of Bitcoin Cash has reached $411.9 at its lowest point from where recovery of 9.35% has been made as the price came up to $450 over the weekend. Since Sunday another downfall has been seen to $423 at its lowest point today above which the price is currently being traded at around $426.

Looking at the hourly chart, you can see that the price of Bitcoin Cash came above the significant horizontal resitance level last Friday but since it entered the sellers' territory a shart downfall has been made below it.

Weekends recovery hasn’t been able to push the price back above it, instead, the price came close the the significant level before pulling back down which indicates that the sellers are putting a lot of pressure around the level.

If we have seen the end of the five-wave move last Friday which would be the sub-wave of the 5th wave of a higher degree count the price is shorty to start a higher degree downtrend, end considering the vicinity of the sellers' territory and that the price is losing upside momentum it could start very shortly.

Litecoin LTC/USD

From Friday's low at $104.82 the price of Litecoin has increased by 11.34%, coming to $116.715 at its highest point on Sunday reaching it again today, but has made a downfall to $109.35 horizontal level shorty. With the price currently being traded at around $112.6, we are seeing a sideways range developing which could mean that the price has encountered strong resitance at those levels.

On the hourly chart, you can see that the price made a recovery over the weekend, as it previously fell down impulsively by 13.75% but hasn't come up to the prior high level before it started experiencing strong resistance. This could indicate that the bullish upswing ended last week on the interaction with the 0 Fibonacci level at $118.945. This could also be interpreted by the wave structure which implies that we have seen the completion of the last five-wave move which is the sub-wave of the 5th wave of a higher degree count.

As you can see the weekend's recovery has been expected but only to the first significant horizontal level at $109.35 if we have seen the completion of the previous five-wave move as it would mean that an ABC correction has started. The price continued moving past the horizontal level and is now forming a sideways range which could still mean that the corrective structure has started developing but it could also mean that the price is headed for another higher high if the previous five-wave increase hasn't ended.

The level which is likely to serve as a pivot point for this confirmation would be the mentioned $109.35 horizontal level as it clearly serves as support, so if the price manages to stay above it after today's interaction it would indicate that another increase is in fact likely. But if the price continued moving to the downside and enters the lower range it would more likely mean that we are seeing the beginning of the expected higher degree downtrend.

Conclusion

The price of the majority cryptos have been recovering over the weekend but this recovery could be the one from the starting downtrend in which case it cannot exceed the prior highs made last Friday. It could also mean that the bullish upswing hasn’t ended but since the wave structures are implying that we are seeing the completion of the bullish upswing even if were to continue I wouldn’t expect it to do so for much longer before the downtrend starts.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC): May 31, 2019

Bitcoin BTC/USD Forecasting:

From yesterday's high at $9120 the price of Bitcoin has fallen to $8135 at its lowest point today which was a decrease of 10.8%. The price is currently being traded slightly above today's low and is currently sitting at $8240.

Looking at the hourly chart, you can see that the price was in a sideways range from Monday before it attempted to move to the upside again but barely managed to exceed the previous high made last Sunday which ended as a failure with the price immediately dropping down. The price came down to its first significant support level which is the previous wave's ending point and is considered to be the first wave out of the five-wave move on the Micro degree which the 5th wave of the Minute count.

As the price hasn't entered the territory of the 2nd wave the possibility of another increase is still there as the 5th wave should develop. As the previous spike exceeded the prior high it could have been the 5th wave with the price, in that case, starting the expected higher degree downside move, but I don't believe that it was as the price action looks more corrective in the horizontal sideways range. Also, the price hasn't interacted with some of the significant resistance levels out of which the most significant one is the 0.382 Fibonacci level at around $9400.

If the price holds above the current support level at $8240 and starting moving to the upside again and manages to go back up above $8500 the possibility of another increase to the $9400 would be likely, but if it goes below the current support level and enters the territory of the lower range it could mean that the 5th wave ended with the price currently starting the expected downside move to some of the significant resistance levels for a retest of support.

Ethereum ETH/USD Forecasting:

From yesterday’s high at $290 the price of Ethereum has decreased by 15% as it came down to $246.55 at its lowest point today. The price has started recovering and is currently in an upward trajectory, being traded at $259.26

Looking at the hourly chart you can see that the price fell below the significant ascending trendline but quickly managed to pull back up above it but is still below the 0.236 Fibonacci level with whom the interaction is being awaited.

As the price came down below the significant Fibonacci level the interaction awaited would most likely end as a rejection, propelling the price into further downside movement. The price fell below the 1st wave’s ending point, entering the territory of the 2nd which means that the likelihood of another higher high before the starting downtrend has been invalidated.

The wave structure implies that we’ve seen the end of the five-wave move on every count which means that now a higher degree downturn is to start, and considering the seen impulsiveness in the last 24 hours, it could already have started.

This needs to be confirmed and the most significant confirmation level would be in my mind the interaction with the 0.236 level. If the price gets rejected there it would imply that there isn’t any more momentum to the upside and that the seller’s have taken control.

If we are seeing the starting downtrend this first move should continue dropping to the 0.382 Fibonacci level before a corrective move to the 0.236 Fib level where it would get rejected. This rejection would propel the price for another impulsive decrease and would confirm the starting downtrend.

Litecoin LTC/USD Forecasting:

From yesterday's high at $119.84 the price of Litecoin has decreased by 13% as it fell down to $104.225 at its lowest point today. This decrease is showing impulsiveness in its movement which could mean that the higher degree correction has started.

On the hourly chart, we can see that the price fell below the horizontal support at $109.35 and is currently being traded inside the lower range but is still above the presumed 3rd wave's ending point where it found some temporary support. Looking at the Elliott Wave count you can see that I would be expecting that this downfall would continue for a bit longer with the price coming down to $100.6 before coming back to the broken horizontal support level for a retest after which it would continue moving to its significant resistance zone at the 0.382 Fibonacci level.

If this movement develops like expected it would mean that the higher degree downturn has started and we have seen its first wave developing as corrective one. There is still a possibility that the price could continue moving to the upside for another minor increase but the wave structure implies that the bullish upswing ended as I have counted 5 waves out of the last ending wave of a higher degree.

$109 horizontal level is a highly significant one as it could be viewed as a horizontal pivot point as it was the most significant horizontal support level since the start of the bear market until June 2018 when it finally got broken. The price managed to go above it from Monday but hasn't come to the next significant horizontal resistance level which in conjunction with the previous one is forming a resistance zone. As the price entered the sellers' territory, strong sellers pressure led to a decrease of around 13% below $109 and I don't believe that is going to go above it now that the decrease has been made. A retest of its resitance could initiate another round of selling which would confirm that the price of Litecoin has reached its high.

Conclusion

The prices of the major cryptos are starting to show signs of weakness as they’ve decreased impulsively in the last 24 hours. This could mean that the expected downtrend has started but a clear confirmation is still awaited.

Even if the price is to continue moving to the upside I would expect it to continue doing so for much further as the prices have reached their significant resitance zones. Another move to the upside might just spark the expected sell-off as it would enter the sellers' territory, triggering another round of selling.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC,EOS): May 30, 2019

Bitcoin BTC/USD Forecast

From Monday, the price of Bitcoin continued increasing and has come up to $8949.8 at its highest point on Tuesday after which a minor retracement occurred to $8506 horizontal level which serves as support. The price has found support there and started moving to the upside again but still hasn't exceeded the previous high as it's currently being traded at $8765.7.

On the hourly chart, you can see that the price of Bitcoin is set to reach 0.382 Fibonacci level which is the next significant resitance point on the way up. This minor increase expectation is also validated by the wave count as it also implies that the final 5th wave from the currently seen increase should develop fully. This 5th wave is a sub-wave of the five-wave impulse of the Minute count which is the ending sub-wave of the higher degree Minor count.

This is why after the completion of the currently seen upside move from 23th of May I would be expecting the start of the higher degree downside move. This downside move could be the start of the downtrend as the increase seen from 15th of December could still be correctional, or it could be the 4th wave retracement if the bull market started and we are seeing the development of the first five-wave impulse.

As I would be expecting a move to the downside very soon these possibilities would be evaluated from the depth and momentum of the retracement. In either way, I would be expecting the price to go below the 0.236 Fibonacci level where it would likely find support at first but would continue moving back below it to some of the significant resitance levels which were broken on the way up, for a retest of support.

Ethereum ETH/USD Forecast

The price of Ethereum has continued increasing from Monday as it came up to $289 at its highest point, exceeding the prior high. This has validated my assumption of the 5th wave developing to the upside.

As the wave structure implies another increase from here is likely to around $308-309 area but as this would be the ending wave of every count a higher degree downtrend is to start shortly.

This downtrend is set to bring the price of Ethereum significantly lower to some of the broken resitance levels where some attempt will be made for an establishment of support. The most significant of those resistance levels is the one at $214 at around the intersection of the lower ascending trendline and the interrupted bold ascending level.

If the price goes below that level I would mean further downside would be expected for the price of Ethereum as would see the price entering the territory of the lower range to whose support levels the price might continue.

Litecoin LTC/USD Forecast

From last week, when the price of Litecoin was $84.94 at its lowest point on Thursday 23rd we have seen an increase of around 40% as the price reached spiked to $122.32 at its highest, but found strong resistance at $118 below which the majority of the hourly candles closed.

This increase was expected to play out as an ending wave from the five-wave increase we've seen developing from 29th of April when the price of Litecoin was sitting at $69.23. As the price reached the projected level and has done so in a five-wave manner we have likely seen the end of the increase, although the confirmation is awaited.

If we've have seen the end of the five-wave move it should mark the end of the 5th wave of a higher degree count which goes back to 29th of January when the price was sitting around $30.755 and is the third wave from the structure formed from 15th of December. Now that the third wave has ended or is near completion we are likely to see a downside move of the same degree which could be the start of the downtrend altogether as this increase was corrective or could be another retracement as the 4th wave before further bullish price action.

In either way, as now a move to the downside would be expected at least of around 30% from the current levels we are going to see from its momentum and depth we are to evaluate the likelihood of both possibilities.

EOS/USD Forecast

The price of EOS has increased by over 42% from last week's analysis on Thursday 23rd when it was sitting at $5.759 as it came up to $8.229 at its highest point today. The price has encountered some strong resistance at those levels and has started forming a triangle which now appears to be an ascending one.

As you can see from the hourly chart, the of EOS has been in a five-wave increase from 26th of April and now that the 5th wave has started developing to the upside and came close to my target level another minor increase would be expected to the 0.382 Fibonacci level or in price terms around $9.16 before the completion of the impulsive move.

We could have seen the completion of the 5th wave with the currently seen cluster being the top, but the wave structure implies that another increase should be expected, especially as the currently seen structure is an ascending one, indicating buyers pressure.

Soon we are to see the start of the higher degree move to the downside which could bring the price of EOS significantly lower, potentially back below 0.236 Fibonacci level and even lower to some of the significant resistance levels broken on the way up for a retest of support, out of which the most significant one would be at around $3.27.

Conclusion

The market is likely to continue its increase for another minor high of around 8% before we see the start of the downturn. This could be the start of the higher degree downtrend as the increase seen could be correctional or could be a higher degree retracement before another runup which would confirm the bull market.

From the momentum behind the expected move to the downside and the depth of the support found we are to evaluate the likelihood of both possibilities in due time.

Author: Nicola L

Crypto Price Analysis: (BTC,ETH,LTC,EOS): May 23, 2019

BTC/USD Forecast

From yesterday's open at $8062 the price of Bitcoin has decreased by around 7%, measured to the lowest point the price has been today which is at $7496.6.

Looking at the hourly chart, we can see that the price broke the minor horizontal resistance level which started yesterday as the first move down went below the level after which another attempt has been made for the price to keep up the upward trajectory, but the descending trendline validated itself as a resistance point yet once again, before the price collapsed below the significant horizontal level at $7887, and is currently being traded at around $7600.

The price has gone to the ascending trendline like expected for interaction but only as a quick spike for now but further interaction could be expected with the hourly candle closing on its levels. This ascending trendline is the first support point the price has encountered on the way down. Now that the price is in a downward trajectory we are going to see if the weekend's increase was corrective or impulsive as if the price holds above the $7428 level it could be impulsive.

We are most likely seeing a continuation of the last week's downside movement which was made in a five-wave manner but the move could also very well be the 4th wave from the impulsive wave to the upside. The first scenario looks more likely to me as from here I would be expecting further downside below the ascending trendline and in a five-wave manner similarly,like we've seen last week which would result in the price going back to $7000.

ETH/USD Forecast

From yesterday’s high at $259 the price of Ethereum has decreased by 9.94% as it came down to $233 at its lowest point today.

On the hourly chart, you can see that the price of Ethereum has fallen today to the ascending trendline like expected previously but hasn’t gone below the prior low made last week on Friday.

Now that the price came down to those levels, it found support as indicated by the price action in the last couple of hours and is now likely headed to the upside as the 4th wave correction ended.

Another possibility would be that the price is yet to continue moving further to the downside below the last week’s low in which case we could see it fall to $208 around the next significant support level, but for now we are yet to see how the price behaves on the way up.

LTC/USD Forecast

From yesterday's high at $91.53 the price of Litecoin has decreased by 6.16% and is currently being traded at $86. The price started moving with strong momentum to the downside on yesterday's interaction with the horizontal support level from the prior upper range and continued on during the day.

On the hourly chart, you can see that the price of Litecoin has started falling below the second horizontal support level at $86.4 which is the ending point of the 1st wave of a higher degree. This means that the increase seen over the weekend was corrective as it ended as a three-wave correction. This was validated by the price going below $90.5 which was the significant invalidation point.

We are now most likely seeing the development of another downside move like we've seen last week after Thursday's high was reached. Since the recovery that followed was correctional it could mean that another five-wave impulsive move is coming of an equal length and would be the third wave out of the higher degree correction if we haven't seen the end of the five-wave impulse to the upside.

If we have seen end of the five-wave impulse to the upside the movement could also be the 3rd wave from the higher degree five-wave move to the downside as well, in which case the price of Litecoin is set to go further lower below $84.2 which is the second horizontal level below which is the starting point of the second wave of the higher degree move which the price cannot enter on the 4th.

EOS/USD Forecast

From yesterday's high at $6.334 the price of EOS has fallen by 9.64% as it came down to $5.72 at its lowest point today above which it is currently being traded.

Looking at the hourly chart, you can see that the price of EOS fell to the significant horizontal support level from the previous drop but came slightly below it and is currently retesting it from the upper side again. This could be an early indication that the price is headed lower to the next horizontal support level at $5.58 before the end of the downward move or even for a breakout to the downside.

We are most likely seeing the 4th wave from the five-wave move to the upside which is corrective in nature and after its completion another increase would be expected, unless the price continues moving down from here and goes below $5.34 which is the ending point of the 1st wave in which the price can't enter on the 4th. If this price finds support higher then the mentioned level and starts increasing impulsively again the 5th wave would be expected to push the price above the prior high made on last Thursday which is at $6.81.

Conclusion

The prices have been falling in the last 24 hours and this downfall confirmed that the increase seen over the weekend is correctional in nature. As the decrease made is likely a continuation of the impulsive downside move made from last Thursday till Friday, we could see an equally strong move to the downside developing which could push the prices below the Friday’s low.

As this is correctional, after its completion I would be expecting another and the final increase.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC): May 22, 2019

BTC/USD

From yesterday's open at $8020 the price of Bitcoin has been moving sideways, hovering around the level but was mostly holding above $7893 until now when the price started moving below it with it currently being traded at $7802.

Looking at the hourly chart, we can see that in the last hour, the price of Bitcoin spiked down to $7757.1 level as the opening of the candle was on the horizontal support level. As the hourly candle still hasn't closed we still can say that a breakout occurred but it definitely looks like it has started. This horizontal level is only a minor one and isn't all that significant, but this breakout could be an early indication of the expected downside move to some of the support levels out of which the closest one would be at the ascending trendline from 11th of May.

It is still unclear whether or not the increase seen from last Friday and continued over the weekend was correctional or impulsive.

This would be verified soon as the price is starting to move to the downside and if it goes below $7450 level it would mean that the increase was correctional as the price would enter the territory of the now labeled B wave which if impulsive would be the 2nd out of the five-wave increase.

If the price holds above the level and starts moving to the upside again a more likely scenario would be that the increase seen over the weekend is another five-wave impulse wave which is set to push the price for a breakout from the descending trendline and higher then the last Thursday's high at $8300.

ETH/USD

From yesterday low at $248.58, the price of Ethereum has increased by 5.51% as it came up to $262.27 at its highest point today, but since it reached those levels a downfall to $250.6 has been made.

On the hourly chart, you can see that the price of Ethereum has continued moving upward from the interaction with the minor horizontal level around the vicinity of Friday’s first waves ending point but hasn’t come up above the prior high made over the weekend.

This could mean that we have seen a five-wave move instead of an ABC correction to the upside with the 5th wave ending as truncation but it could also mean that the ABC correction ended with the decrease seen on Monday being its 1st wave and the increase seen ending today its 2nd wave.

The price is now likely headed to the downside as it encountered resistance around the prior high level at $262.12 level and from this downside movement, we are to reevaluate the likelihood of both scenarios.

If the price has started moving impulsively to the upside from last Friday the price cannot go below its starting point which would be at $231.31, but if the price goes below it we could be likely seeing the beginning of the higher degree downtrend. Another possibility would be that the price is headed down below the mentioned level but another increase might come after as it could be a three-wave correction of the higher degree and would be the 4th wave out of the five-wave move to the upside.

LTC/USD

The price of Litecoin has been moving sideways from yesterday and has mostly been hovering around $91.2 without managing to go above $92.5 which was its minor horizontal resistance point. As the price hasn't gone up above the mentioned level but a series of minor higher lows have been made and ascending trendline formed but today it got broken with the price spiking down to $89.45 at its lowest point today.

On the hourly chart, you can see that the price went below the ascending trendline which was formed from last week on Friday when the price started recovering after a decrease of around 20%. Similarly like in the case of Bitcoin the price started to break out to the downside from the current structure but we still can't say that this is a valid breakout as the price is above the significant horizontal level at $89.192 which isn't significant as support on itself but is an invalidation level for the assumption that the recovery seen over the weekend is the start of the next impulsive move to the upside.

If we are seeing the 4th corrective wave taking place out of the next five-wave increase the price cannot enter the territory of the 2nd wave which would be below the mentioned level. The price already spiked down below it on Monday which increased the likelihood of the increase being a three-wave correction but the candle managed to close significantly above on the hourly chart which paints an inconclusive picture.

Last week the price reached $107 at its highest point on Thursday which could have been the end of the higher degree five-wave move but it could have also been the 3rd wave with the final one yet to come. This is soon to be verified as the price is now likely headed further to the downside and if it goes below the third horizontal level seen on the hourly chart it would enter the territory of the 2nd wave from the higher degree and would invalidate the presumption of the 5th wave coming after.

Conclusion

The prices have started showing further signs of weakness as they have been stopped out at their minor resistance points and have turned around managing to go below their current minor support points. This could be an early indication that the higher degree move to the downside is coming but it is still unclear where the price is headed afterward as last weeks’ increase which ended on Thursday could have been the end of the bullish period altogether or we could be seeing the 4th wave correction as the last weeks increase was the 3rd one.

Author: Nikola L

Crypto Price Analysis: (BTC,XRP,LTC): May 21, 2019

Bitcoin (BTC) Forecast

Last Monday when the price of Bitcoin was sitting at $6976 we have seen an increase of 18.88% measured to the weekly high at $8294 made on Thursday but immediately after reaching those levels, the price fell sharply and steeply as it came down by 14.36% on the following day coming to around $7100. From Friday and throughout the weekend the price has recovered close to the level of Thursday's high at $8200 on Monday's open.

From Monday the Bitcoin price has been decreasing and came down to $7676 as the price action created a head and shoulder pattern which is considered to be the “top” pattern. As the price fell another upside move has been made after but with the price struggling to exceed the Monday's high before showing signs of weakness as it encountered resistance below it at around $8020. The price is currently being traded at $7936 and has been in an upward trajectory since yesterday but as it hadn't exceeded the previous high on the yesterday's upward momentum it is now likely headed down to some of the significant support levels out of which the currently most significant one would be the ascending trendline made from 11th of April.

Last Thursday the price reached the end of the 5th impulsive move of the lower degree count which is why we've seen a straight downfall after. As this downfall was made in a five-wave manner the increase that followed is likely a correctional one if it ends as a three-wave move, and considering that the price has shown the signs of weakness it is likely to end as a three-wave increase. This still hasn't been confirmed as the price hasn't fallen below the invalidation levels and hasn't come up above the prior high which would mean that the move has been made in five waves.

This makes the outlook uncertain but the most likely outcome would be that we have seen the end of the higher degree 5th wave of the Minor count on last Thursday in which case the price action movement that followed would be viewed as correctional one. The other possibility would be that price is now headed for further upside movement with the increase seen from Friday being the start of the next five-wave increase but considering the resistance shown and the impulsiveness behind the decrease seen last week I don't believe that's likely.

More likely we are seeing the higher degree move to the downside out of which the last weeks decrease is its starting wave with the increase seen after being a correctional second wave of a higher degree. This would soon be verified as the price is to shortly interact with some of the significant levels but for now, I would be expecting further downside movements potently back below $7000.

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Ripple (XRP) Forecast

From last Thursday the price of Ripple has fallen by 22.39% as it came down to $0.36952 on the following day. Over the weekend we've seen a slight recovery above the 0.768 Fibonacci level but only as a quick spike as the price immediately after started moving below it and is currently sitting at the 0.618 Fibonacci level where it has been establishing support around $0.39 area.

As you can see from the hourly chart the upward movement was expected and the price came to the significant Fibonacci level on the upward movement but it is still unclear wheater or not this was the end of the expected five-wave increase as the spike to the 1 Fibonacci level could have been the 3rd wave. If this is true that the decrease that followed would be the 4th wave with the final one shortly coming and would set to exceed the last weeks high at around $0.4762.

If the price stays above the 0.618 Fibonacci level before continuing further upside movement we could likely see another increase above the prior high as the 5th wave would develop, but if the price continues moving to the downside and falls below the 0.236 Fibonacci level it would mean that the five-wave increase ended and that the increase seen from last Friday until today is correctional in nature and is a continuation of the 22.39% downfall.

If this were to be true, then we are to see further downside movement for the price of Ripple below the significant horizontal support level found around the 0.5 Fibonacci level but it still needs to be confirmed. If we are seeing the development of another five-wave impulse from last Friday instead of the correctional three-wave move the price cannot fall below the 0.618 Fibonacci level as it would enter the territory of the second wave which it cannot do on the presumed 4th wave which is currently developing and is why the 0.618 Fibonacci level is viewed as a pivot point.

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Litecoin (LTC) Forecast

From Monday's open at $96.116 the price of Litecoin has decreased by 7.32% as it came down to $89 on the same day. Since yesterday's low, a small recovery has been made with the price currently being traded at $90.7 but the momentum looks like it's slowing down as a lower high has been made compared to the previous one, made close to today's open.

Looking at the hourly chart we can see that the price came down to the significant horizontal support level last Friday around the vicinity of the 1st wave out of the five-wave impulsive move which started on 26th of April which could be the wave 4 if the impulse hasn't ended. As strong sellers momentum has shown last week the downfall made could be the start of the higher degree downside move as the five-wave impulse ended on Thursday which is soon to be verified.

An interesting situation occurred yesterday for the price action development of Litecoin, namely the price fell below $90.5 level which was the significant indication level of labelings behind the increase seen from last Friday. If the downfall made on Friday was the 4th wave the increase that followed should be the start of the next impulsive move, but as the price fell below the mentioned level and spiked down further it entered the territory of the presumed 2nd wave which it cannot do on the 4th wave which is why I am considering that more likely the five-wave impulse ended and that the increase seen ended as well as the three-wave correction after the initial downfall.

What's interesting is that the price made a large wick to the downside so we still cannot say conclusively that it entered the 2nd wave's territory as the candle hasn't closed inside its territory and the price made a recovery above the significant horizontal level. We are shortly going to see the proper validation but for now, it more likely looks like the price is heading further down as the five-wave increase from 26th of April likely ended.

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Cryptocurrency Market Update:

Conclusion

As indicated by the analyzed chart, last Thursday's increase was likely the ending point of the five-wave move to the upside, especially considering the impulsive downfall made after. This means that the weekend’s recovery is correctional with the price of Litecoin showing LTC -2.17, but a proper confirmation is still awaited.

Recent Price Predictions: Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC) Price Prediction: Crypto Market Analysis.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC): May 20, 2019

Bitcoin BTC/USD Forecast

On Friday, the price of Bitcoin has been in a downward trajectory with strong momentum as the cryptocurrency decreased from $7917 to $7105.7 at its lowest point.

From there the price has started increasing again and has continued doing so over the weekend until today’s open when the price reached $8215 which is an increase of 15.62% but since today’s open the price has started decreasing again and is currently being traded at $7881.

Looking at the hourly chart, we can see that the price of Bitcoin recovered the downfall which started last Thursday with the price getting close to the starting point of the mentioned decrease but has come slightly lower than its highest point before showing signs of weakness.

The downfall which started on Thursday was made in a five-wave manner and with the increase, after developing in three waves we could be seeing the development of the higher degree 5-3-5 correction after the 5th impulse wave ended.

The price action has formed a head and shoulders pattern with the horizontal level at $7890 serving as support which was also indicated by the large wick from the downside seen on the last couple of hourly candles. This could be the first sign that the price of Bitcoin isn’t heading higher on the currently seen upward momentum which started on Friday.

If we are seeing the development of the ABC correction after the 5th impulse wave ended the price is now likely to develop the C wave which would also be in a five-wave manner similar to the downside movement seen from Thursday to Friday.

If this occurs the price would likely find support on the still unconfirmed ascending trendline but if it goes below it and is developing an ABC correction it could end around $6980 area.

The other possibility would be that the decrease seen on Friday was the 4th wave retracement from the previous wave which would mean that the increase seen after is the ending 5th wave and is likely to continue moving further up, but in either way, I would be expecting a retracement first.

Ethereum ETH/USD Forecast

The price of Ethereum has decreased from last Thursday to Friday by 17.29% but since the Fridays low at $230 the price started gaining upside momentum and has managed to recover by 14.4% measured to today’s open at $262.42.

As you can see from the hourly chart, the price recovered in a three-wave manner which could be the upward correctional movement after the impulsive downside move is seen last week ended with more downward movement ahead.

This will shortly be verified as the price is currently retesting the 1st wave’s ending point which if the price is on an impulsive rise cannot go below. If the price falls below the 247.33 level it would mean that the upward movement has ended as a three-wave increase and has been correctional in which case further downside would be expected.

But if the price holds above the level and continues immediately increasing from here I would mean that the last week’s downfall was a retracement before further upside continuation. As the price of Ethereum has previously broken out form the ascending channel with an impulsive parabolic move the downfall that followed is likely to continues and would result in the retest of the broken resistance level for support.

The question of whether or not we’ve seen the end of the impulsive move of a higher degree altogether is still there but it will shortly be verified by the price action movement.

In the most optimal scenario, I would be expecting a downside move from here to the broken resitance level which would in price terms be around $228 before another and the final run-up from the impulsive move which started on 26th of April and is the ending wave of a higher degree, after which a higher degree downside move would be expected.

The other possibility would be that the impulsive move to the upside ended in which case the last week’s decrease would be the star of the mentioned higher degree downside move but since the price hasn’t gone below $228 level this is still unconfirmed.

Litecoin LTC/USD Forecast

Last Thursday, the price of Litecoin came up to $106 at its highest point from where a decrease of 19.31% has been seen until Friday as the price came down to $85.564 at its lowest point. As Friday's low was made to the significant support area the price started recovering and came up over the weekend by 12.42% measured to today's open at $96.187. Since today's open the price has started moving to the downside again and is currently being traded at $91.2.

On the hourly chart, you can see that the price came down to the horizontal support zone around the vicinity of the ending point of the first wave which broke out for the descending channel on the 30th of April which could mean that it was the 4th wave out of the five-wave impulsive move. It is presumed that the impulsive move ended on Thursday especially considering that the price started decreasing fast with strong momentum in which case we are seeing the correctional structure developing or even the higher degree downside move.

This will soon be verified as the LTC price is now in an upward trajectory and has developed a three-wave structure which if corrective has ended with the price now headed to the downside which already started. But as it is holding above the Friday's high which is the first wave of the now developing move it could very well be the 4th wave of the next five-wave move to the upside.

If the price manages to hold above $90.51 and starts moving to the upside above today's high at $96.56 we are likely seeing another impulse wave which would be the ending one, but if it continues its downward trajectory and starts moving below $90.51 we are most likely seeing further downside movement below the horizontal support zone.

Complete Crypto Market Overview:

Conclusion

The prices of the major cryptos have seen shart decrease last week, followed by a recovery over the weekend. This movement could be interpreted either as a retracement before the start of another and the final impulse wave after which a higher degree downside move would be expected, or it could very well mean that the expected higher degree downside move has already started with the weekend's recovery being corrective.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC,BCH): May 17, 2019

BTC/USD

Bitcoin has reached $8302.4 at its highest point yesterday but started decreasing from there at first slowly but then with strong momentum as the price fell to $7005.8 at its lowest spiked today which was a decrease of 15.62%. The price is currently being traded at $7269 as a small recovery has been made.

Looking at the 15-min chart, we can see that the price broke out from the ascending channel on the downside and has come down to its first significant support level around the 0.236 Fibonacci level where it is establishing support. The ascending channel was viewed as a continuation pattern with another final push to the $8515 significant horizontal resitance level expected to play out but it now looks like the 5th wave of every count has ended which is why a sharp downturn has been made.

This sharp downturn was expected after the completion of the 5th wave and now that the ending wave has developed fully it likely started. The five-wave move seen from 26th of April is considered the 5th wave from the higher degree count which also ended with the mentioned wave as it is the sub-wave of the impulsive move. This is why now I would be expecting to see the price of Bitcoin going significantly lower than the current levels as the price is in a lookout for support.

The Fibonacci level currently offers support but strong seller's momentum has been seen in the last 24 hours which could indicate that the higher degree downturn has in fact started. The price of Bitcoin could now go back to $6250 significant resistance area for a retest of support but since the area hasn't offered much resistance on the way up it is still unclear whether or not the level will serve as support which opens the possibility of further lows.

ETH/USD

From yesterday’s high at $277.7 the price of Ethereum has decreased by 17.87% today measured to the lowest level the price has been which is at $228 around which it is currently being traded.

On the 15-min chart, we can see that after the completion of the presumed 3rd wave a downtrend has started which could be the 4th one out of the Minute count. As the price is in a downward trajectory further downside movement would be expected to some of the significant support levels out of which the first one would be at the 1.618 Fibonacci level.

The next one would be at the broken ascending resistance level form the ascending channel in which the price has been from 26th of April but managed to breakout impulsively to the upside. If we are seeing the development of the five-wave impulse out of which the current move to the downside is its 4th that would mean that another increase would come before the end of the five-wave impulse as the price is set to go further to the upside.

This is soon to be verified from the found support as we could have seen the end of the five-wave move altogether.

LTC/USD

Litecoin has decreased by 18.96% from yesterday's high at $106.26 as it came down to $86.11 at its lowest point today. The price is currently being traded at around $87 as temporary support has been found at the lower range resistance level.

Looking at the 15-min chart, we can see that the price of Litecoin fell to the significant resistance zone from the vicinity of the 1st wave's ending point where it found some support and has retested the level on two occasions. The downfall was made after the price interacted with the resistance level of the expanding triangle in which it was since the last runup from the horizontal resistance zone and a breakout form the structure has been made.

This breakout could indicate that the five-wave increase ended as the price started moving impulsively to the downside. There could still be a possibility of another increase as the price hasn't come up to the significant horizontal resistance at $109.35 for an interaction in which case the expanding triangle wave structure would still be the part of the 3rd wave. This will soon be verified as the price is on the 1st wave's ending point vicinity so if it starts entering the territory of the 2nd the possibility would be overruled.

More likely we've seen the completion of the upward move which was a five-wave impulse and as the price started moving impulsively to the downside with strong momentum it could very well be the start of the higher degree downtrend.

BCH/USD

From yesterday’s high at $444.4 the price of Bitcoin Cash has decreased by 23% as it came down to $342 at its lowest point today around which it’s currently being traded.

On the 15-min chart, we can see that after the development of the ascending channel which could be the ending wave out of the higher degree impulse a breakout to the downside was made.

This breakout could indicate that the higher degree downturn has started but it could very well be another retracement before further upside. As the price is now sitting around the vicinity of the beginning point of the ascending channel we are to verify the possibility as if the price continues moving to the downside it would likely mean that it is, in fact, the start of the higher degree downtrend.

Conclusion

The cryptocurrency market has experienced a sharp downturn like expected which could be the started of the higher degree downtrend which is set to start after the completion of the five-wave impulse wave to the upside.

Another possibility would be that the price is experiencing another minor correction before further upside movement but as shown by the momentum behind the sell-off it is likely the beginning of the higher degree downtrend.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC,EOS): May 16, 2019

Bitcoin Price Analysis: BTC/USD Exchange Rate Value

The price of Bitcoin has been moving sideways from yesterday as it came from $7682 at its low close to yesterday's open to $8319 at its highest today, but started decreasing from there and fell back to $7779.6 at its lowest point today. Since then the price has recovered slightly and is currently sitting at $7832.3 with the price trying to keep up the upward momentum but is currently retesting its significant support level which may break if the momentum fails to keep up.

As you can see by looking at the hourly chart, the price is currently retesting its significant support level from the ascending channel which was formed from Monday when the price came up to $8000 level. Since then the price action has shown an ascending movement which indicates that the buyers are still pushing the price but the bear territory is getting close which is why we have seen the exhibited seller's pressure pushing the price down by 5.84 today.

This ascending channel like the others we've seen on the way up is a continuation pattern and is most likely the 4th wave of the lower degree count from the 5th wave of the higher degree count and is a three-wave correction. Since this is viewed as a corrective movement another increase would be expected after its completion and the most optimal price target for its end would be at the significant horizontal resistance level at $8515.

Ethereum ETH/USD Anaylsis

On the last run up the price of Ethereum has gone from $204 to $272.2 which was an increase of 33.4% in one go. Since today’s high the price has started moving to the downside and is currently being traded at $246.95.

Looking at the hourly chart you can see that the price of Ethereum broke out from the ascending channel in which it was since 26th of April an that with strong momentum. The price is in its last, 5th wave of the Minor count but the wave still hasn’t ended as it looks like we have seen the development of the 3rd wave from the lower degree count.

Now that the price is starting to move to the downside and we have likely seen the end of the 3rd wave, the 4th corrective wave is developing and is most likely headed down to the broken ascending resistance line for a retest of support.

After the current downside movement, another increase would be expected with the price potentially going all the way up to $300 which is its next significant horizontal resistance.

Litecoin (LTC/USD) Analysis

The price of Litecoin has increased by 26.8% from Monday's low at $84.32 coming to $106.93 at its highest point today but since then has made a sharp downturn with a decline of 15.49% as it came down to $90.334 at its lowest spike today.

The price is currently being traded around $93.4 as the buyers have stepped in to catch the price from the straight downfall around the vicinity of the prior high's ending point which offers to serve as support as indicated by the large wick from the upside on the last hourly candle.

Looking at the hourly chart, we can see that the price of Litecoin formed an expanding triangle from Monday with the price moving in between its levels. This structure is considered to be the 5th wave from the upward impulse wave and is the continuation of the breakout momentum from the previous descending triangle which started on the 29th of April. As we are seeing the development of the last wave very soon we are to likely see a steep downturn but today's one might not be it as another impulsive move to the upside looks likely before its completion.

Expanding triangle seen from Monday was leading the price to the significant horizontal resistance level at $106 but the price still hasn't come up to the level for the expected interaction and considering that we have seen the 4th wave out of the higher degree ending wave I believe that another increase is to occur before we see a higher degree downturn and the most optimal ending point for the completion of the upward move would be the mentioned horizontal resistance level.

EOS/USD

From Monday's open at $5.33 the price of EOS has increased by 28.51% as it came up to $6.86 at its highest point today.

Looking at the hourly chart, you can see that the price reached the significant horizontal resistance level today which is why the price has started pulling back as it encountered strong resistance at the current levels. The price hasn't fallen below the 0.236 Fibonacci level which serves as a support, but further downside could be expected from the current retracement as we are most likely seeing the development of the 4th wave out of the five-wave impulse of the Minuette count.

This five-wave impulse is the ending wave of the higher degree count both on a Minute and the Minor degree which is why after its completion a higher degree decrease would be expected, but since we haven't seen the end of the impulse wave before it ends we could potentially see the price of EOS going as high as $9.1 where the next significant Fibonacci level is, although I would expect the price ending its wave structure around $7.5 more optimally.

Conclusion

The prices of the major cryptos are starting to move to the downside but even though a sharp downturn is expected after the completion of the bullish uprising, this probably isn’t it and is more likely a lower degree retracement before the final increase which is set to push the prices for an interaction with their next significant resistance points where they would get rejected and will start moving to the downside with strong momentum.

Author: Nikola L

Crypto Price Analysis: (BTC,LTC,BCH): May 15, 2019

The coin market cap is at $243.58 billion, up from $231.38 Billion yesterday

Global crypto asset traading volume is at $94 billion, up from 80 billion in the last 24 hours

BTC/USD

From yesterday's open at $8013 the price of Bitcoin hasn't changed much as it is now hovering around the same levels. The price fell from the opening level to $7650 at its lowest point today but has since then come up and is currently being traded at $8042. On the hourly chart, you can see that the price started moving in an upward trajectory from today's spike to the downside but hasn't been able to move above the yesterday's high before encountering strong resistance at the current levels. This is indicated by the first attempt ending as rejection with a slight pullback and the wick from the upside on the current hourly chart with the price entering into a second attempt.

As the price is in an upward trajectory further upside would be expected but as we are seeing the completion of the ending wave I wouldn't expect it to go beyond the significant horizontal resistance level at $8515. This level is significant as it is the ending point of the runup made on the 24th of July last year after which the price of Bitcoin started moving sideways before a downfall to $3226 level was made.

We are seeing the ending 5th wave on every count which is why after the completion of the current upside move I would be expecting a downturn in the market, and with the price of Bitcoin moving parabolically to the upside the expected downtrend could be equally powerful. Parabolic moves usually tend to end with an equally strong correction as the unsustainable momentum ends.

It is still unclear whether or not we are seeing the three-wave correction to the upside or a five-wave impulse. The currently seen 5th wave from the Minor count could be the 3rd wave of a higher degree count or it could be the end of the three wave correction which is why we are to evaluate the possibility of both scenarios from the expected downtrend and its depth and momentum.

If the price manages to hold above the broken significant resistance area at $6250-6500 on the expected downward move, it would likely mean that it was the 4th wave from the five-wave impulse, but if the price continues moving below and enters the territory of the lower range it would most likely continue falling down to the next significant broken resistance at $4300 and would likely mean that we have seen a three-wave correction to the upside with new lows ahead.

BCH/USD

From Monday’s low at $350.4 the price of Bitcoin Cash has increased to $409 at its highest point yesterday which was an increase of 16.72%. Since yesterday the price has pulled back and came down to $370.4 but started moving to the upside again and is currently being traded at $387.3.

On the hourly chart, you can see that the price of Bitcoin Cash continued its increase which started on the 28th of January as a breakout from the descending channel in which it was correcting. As we are seeing the development of the five-wave move to the upside the increase seen from 29th of April is its ending wave.

The further upside would be expected from here but only as a yet another minor increase as the price approaches the significant resistance area at $450 whose interaction is awaited. The interaction would be expected to end as rejection with the price starting a downtrend after and is likely headed down to some of the broken support levels for an establishment of support.

LTC/USD

The price of Litecoin has been trading around $87 on yesterday's open and from there increased by 9.58% measured to the highest point the price has been today which is at $95.411. Since then, the price has pulled back and is currently being traded at $92.4 but with the price being in an upward trajectory this could only be a small retracement before further upside.

Looking at the hourly chart, you can see that the price hasn't gone below the $84.3 level which was a significant invalidation level of the bullish count. As further upside movement has been seen since yesterday's pullback we are likely seeing the development of the five-wave move rather than a three-wave correction like presumed before. If this is true then further increase would be expected as the 5th wave should develop fully and the most optimal price target for its completion would around the vicinity of the high made on 3rd of April or even further above to the significant horizontal level at $109.356.

This expected increase would be the ending wave of the increase which started on the 29th of April when the price of Litecoin was sitting at $69.5 inside the territory of the descending triangle from which a breakout was made to the upside. This breakout momentum was at first views as correctional but since we have seen the price hold above the mentioned significant horizontal resistance and continued on increasing it is now being viewed as an impulsive move.

The upward move has still more room to go but as we are seeing the ending wave it is likely to end soon as interaction with some of the significant resistance levels out of which the $109.356 is the most significant one. I would be expecting that the interaction ends a rejection with the price starting to move to the downside after and would most likely go back to some of the significant support levels which were broken on the way up.

Conclusion

The cryptocurrency market has continued increasing but is in its last stages as the price charts are showing the ending waves, which is why further upside would be expected but only as a minor one which is set to reach significant resistance points whose interaction is being awaited.

As we are seeing the ending waves, shortly a downturn would be expected to play out either as a correction before further upside or the start of the higher degree downtrend altogether as the upward movement seen in the following period could be corrective.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,XRP,LTC): May 14, 2019

Bitcoin Price Analysis Today: BTC/USD

The price of Bitcoin has continued increasing over the weekend and has come up from $6225 on Friday's low to $8166 at its highest point today which is an increase of 31.5%. This increase is a continuation of the impulsive move which started on the 26th of April and is the ending wave of the higher degree count.

The price broke the significant resistance level at around $6250 which is highly significant as it was the major support point on the way down. This could indicate the start of the bull market and considering the momentum behind the upward movement, this could be likely.

We are seeing the 5th wave off of the five-wave impulse of the Minute count near completion but there is still more room to the upside before it ends. The price action has started forming an ascending channel from yesterday which is why more upside would be expected from here but since this would be the end of the higher degree 5th wave as well, a higher degree downturn would be expected shortly.

From this downturn, we are to reevaluate the possibility of the starting bull market as from its momentum and depth will depend the primary count. For now, we are seeing the three wave upswing from 15th of December which could still end as a correction, so now as the price broke significant resitance point it needs to stay above. If the price holds above the $6250 level on the retracement it would mean that we have seen the 4th wave with another increase incoming which will confirm the possible bear market bottom and the start of the bull market but if the price goes below it and enters the territory of the ascending channel we could see further downside with lower lows for the leading cryptocurrency, Bitcoin.

ETH/USD

From yesterday’s open at $187.51 the price of Ethereum has increased by 13.09% as it came up to $212 level today at its highest point and is currently being traded at $206.8 as a small retracement has been made.

Looking at the hourly chart you can see that the price reached the significant resistance from the ascending channel in which it was since 26th of April when the 5th wave out of the Minor count started.

As we’ve likely seen the completion of the 3rd wave of the lower degree Minute count and the price reached its significant resistance a pullback would be expected to the significant horizontal support level at $187.51 on which the price found support and continued increasing after yesterday’s interaction at the opening of the trading session.

As this pullback would be the 4th wave another increase would likely occur as the 5th wave of the Minute count should develop to the upside and the potential price target would be at around $242 level or somewhere in that vicinity around the significant resistance level.

XRP/USD

The price of Ripple has increased by 29% from yesterday's low at $0.3106 to today's highest point at $0.40066. As the price spiked to the upside quickly a pullback has been made with the price currently being traded at around $0.3783 level.

Looking at the hourly chart, we can see that the price came up above the significant ascending trendline which is the baseline support dating from August 2017 and is the most important trendline which was never broken until recently on 24th of April when the price came below it but found support on the significant horizontal level at $0.29405. As the interaction with the horizontal support level was made twice and the price found support, an impulsive move to the upside started.

This is most likely the 3rd wave from the five-wave impulse wave as the first one began after the first interaction with the mentioned significant horizontal level and the second interaction which further established support was its 2nd. If this is true then now after the third wave most likely ended around the 0.618 Fibonacci level a retracement would be expected. The most optimal scenario would be that the price comes back to the ascending level (baseline support) from a retest of support and finds support there before continuing its bullish momentum.

If the price goes below it, it would invalidate the count as the price would enter the territory of the presumed 2nd wave which it cannot do on the 4th. As prior to the upside move we've seen a correctional descending structure which pushed the price below the significant support, the price has likely started an attempt to move back up above its mean line.

LTC/USD

From yesterday's open at $84.94 the price of Litecoin has increased by 8.79% today as it came up to $92.415 at its highest point today. Since then a minor pullback has occurred with the price currently being traded below $90 as the price entered back inside the territory of the ascending channel which has been formed by the price action from yesterday's open.

On the hourly chart, we can see that the price increased by with slow momentum and has been struggling to move above the previous high as strong resistance was again encountered at those levels. After the previously seen increase ended in a five-wave manner, an ABC correction to the downside has developed and now we have seen the completion of another lower degree five-wave move to the upside.

This could indicate another starting uptrend movement as the next impulse wave to the upside develops which we are to see shortly as the move has likely ended which mean that now we are to see a pullback. If the price doesn't go below the broken horizontal resistance area before starting to move impulsively to the upside again, we are likely seeing the development of the next impulse wave which is set to push the price above the previous high. As this would be presumed to be the 2nd wave from the lower degree count it couldn't go below yesterday's open at $84.342 which is the presumed starting point of the 1st wave.

If the price goes below the level it would mean that the ascending channel formed from yesterday was corrective and could indicate further downside moves which would, in that case, validate the count in which have seen correctional three-wave move instead on an impulsive one.

Conclusion

The prices of the major cryptos have continued increasing but have reached a significant resistance point and are showing signs of weakness. Even though the momentum is slowing down further increase could be seen before the expected downturn in the market.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,XRP,LTC): May 13, 2019

The coin market cap is at $231.38 Billion, up 47 Billion in the last 7 days

Global crypto asset trading volume is at $80 billion in the last 24 hours

Bitcoin Price Analysis: BTC/USD Exchange Rate

From Friday, when the price of Bitcoin was $6220 at it’s lowest point we have seen an increase of 19.31% measured to yesterday’s high at $7421.6. but immediately made a corrective decline to $6870. Since yesterday the price has started increasing again as it came up to $7341.4 at its highest point today.

Looking at the 5-min chart, we can see that the price broke out from the significant resistance encountered at around $6250-6500 with strong momentum.

This breakout hasn’t been my primary expectation as I thought that we are seeing the 5th wave as an ending diagonal but the ascending structure proved to be the 4th wave correction after all which is why the 5th wave developed further beyond its resistance level.

The price action created an ascending channel that led the price above the significant horizontal resistance level and the ascending resistance after which a minor pullback to retest the mentioned levels for support was made.

This could have been the first two waves out of the five-wave move to the upside if we follow the channeling principle. The formation of another ascending channel followed but this time a steeper one as the breakout momentum increased.

Today’s Bitcoin increase would according to this count be the 5th wave which is set to surpass the Sunday’s high which is why further upside could be expected potentially to $7723 level before we see the expected downturn as the higher degree impulse wave would end.

Today's ETH/USD Price Forecast

From Friday’s low at $171.4 the price of Ethereum has increased by 18.66% measured to the Sunday’s high at $203.19. On the same day, the price fell to $184 area but from there managed to recover above the significant horizontal level at $187 and is currently being traded at $194.25.

Looking at the hourly chart you can see that the price came above the mentioned significant horizontal support once again but has now been stopped out at the 1.272 Fibonacci level which is serving as resistance.

The price managed to pull above the Fibonacci level and is currently interacting with it from the upper side which could be a retesting of support. If the support holds further higher high would be expected above Sunday’s one but we could have seen the end of the impulsive move with today’s increase being a corrective 2nd wave of the higher degree move to the downside.

This will shortly be verified as if the price fall below the significant support it would most likely mean that the 5th wave of the Minor count ended with the price being in a corrective increase not surpassing the Sunday’s high, but if the price hold above it and continues increasing past the Sunday’s high further upside would be expected before the end of the Minor 5th wave.

Today's XRP/USD Price Analysis

The price of Ripple came up from $0.29405 at its lowest point on Friday to $0.33576 at its highest on Sunday which was an increase of 14.22%. After the increase ended the price fell by a little over 8% on the same day to $0.308.

Today we have seen recovery as the price came to $0.328 around where it is currently being traded.

Looking at the 15-min chart you can see that the price increased impulsively to the upside from the interaction with the significant horizontal support level made on Friday’s low. As we are most likely seeing a five-wave increase further upside movement would be expected potentially to the next Fibonacci level to the upside which is at 0.328 or in price terms at $0.3496.

Litecoin (LTC/USD) Price Prediction Today

Over the weekend the price of Litecoin increased by 28.13 as it came up from $73.68 on Friday's low to $94.412 at its highest point on Sunday bu the price declined by over 10%, falling down to $84 level on the same day above which it has been traded currently.

On the 15-min chart, you can see that the price came up to the projected level but hasn't come down first like expected. The presumed B wave ended inside the descending triangle on the last ABC correction of the Subminor count but this doesn't reflect the higher degree count which is viewed as potentially correctional because the price broke out from the descending channel on 30 of April in a three-wave manner.

This breakout could very well be the first wave of the five-wave impulse to the upside in which wave case the price cannot go below the $84 level which it has successfully done since Sunday, but as the price came down shart indicating strong sellers pressure it might start doing so very soon. If however, the price holds above it and from today's low we see further increase above $94.35 it would mean that we have seen the five-wave impulse potentially as the first wave of a higher degree rather then an ABC correction to the upside.

After the price completes the current increase we are soon going to receive a proper validation but as the price structure is currently forming another micro ascending structure it is likely to end as another minor increase that could be the second wave of the higher degree move to the downside and especially as the price action moved in five waves but correctively this looks like a more likely outcome.

Conclusion

The prices have increased over the weekend which is the ending wave from the increase of a higher degree which started on 4th of May. As we are seeing the 5th wave developing very are to see further upside movements but shortly the start of a downtrend would be expected as the price increase is near completion.

Author: Nikola L

Crypto Price Analysis: (BTC,ETH,LTC): May 10, 2019

Bitcoin BTC/USD Price Watch

On yesterday's open the price of Bitcoin was $6140 we have seen an increase to $6300 area but a decrease afterward to $6180 level. From there the price started increasing again and has come up to $6300 around today's open and continued increasing until it reached $6438 which is the highest point to