Bitcoin has reach a new all time high today at 4200 USD across Global exchange service, The market capitalization of Crypto currency has passed from 12 bln to 13 bln ,Max Keiser, the host of RT’s Keiser report and prominent financial analyst, predicted bitcoin price to hit $5,000 within 2017, considering the imminence of the Bitcoin Core development team’s scaling solution Segregated Witness (SegWit), rising demand from institutional investors and increasing adoption of bitcoin globally.

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Ethereum litecoin and bitcoin weekly analyse

Also with the factors of a global fear from a 3 world war after the recents events between USA and NORTH KOREA,and also the suspend of USA user’s from teh global online trading platfrom .

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In this article we will try to give you our analyse for : Bitcoin, Litecoin,Ethereum and Ripple, i hope that this article will bring a value for you /

1-Bitcoin

Bitcoin was traded between $1950 USD and $2800 USD for about two and half months. The breakout of the range had a pattern target of $4,086.79, which has been reached. We should see a correction in the price of btc in one to three days at the current levels maybe he can fall to 3500 to 3600 before the uptrend continues.

However, if the momentum continues and Bitcoin breaks out of $4300 USD it can rally to $4,630.19.

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2-Ethereum :

Ethereum is facing a resistance line at $323.69 levels, if he break’s this resistance line it will be traded between 350 USD to 400 USD, but in the others senario if he break the support line of 250 USD,ethereum will past under 240 USD , and it will be traded between 186 USD and 250 USD.

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3-Ripple :

A large descending triangle is forming on the daily chart of XRP/USD. The bearish pattern will complete on a fall below $0.135. In the short-term, however, there is support at $0.15460.

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traders should avoid taking new long term positions until price breaks out of the downtrend line at $0.20000 and starts a new uptrend move to the up . Until then, it’s better to stick with the other currencies that are following a definite trend.

4-Litecoin

we now facing the same support as we did a couple month ago.

at 10k satoshi. we don’t know will it just touch or starting a bullish movement or it will bounce between resistance and support.

If you have any other opion about our analyse please left a comment on our article .

Read also :

The factors tha has push bitcoin to reach new all time high at 3830 usd