We have see a hot rally during this week in the crypto world, Dash,litecoin, Monero, and Ripple have all post new profit from investors, in this article we will speak about our analyze for this altcoins :

1-Bitcoin :

Bitcoin has come back again to lose his value after reaching a new all time high at 45000 Usd, this coin is now traded Between 3800 usd and 4050 USD across Global exchanges services.

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In my own opinion this lose in the value of bitcoin is just a market correction caused by the fear from a hardforlk in Novembre , but this digital asset will post new profit for investors and holders in the next month, because the next month is the begining of a new fiancial years, new investment will come into the crypto world , and the demand on bitcoin will increase .

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There is two scenario, i will not use trading terms to make it easy to understand , if Bitcoin break the resistance level at 4469 USD we will see a new all time high price and the target will be 4700 USD .

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bitcoin could reach 5000 dollar by the end of this month,why ?

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If Bitcoin break the support line of 3500 USD he will fall to the level of 3000 USD and maybe he will fall again under 3000 USD .

2-Litecoin :

Litecoin was traded between 35 USD and 50 USD since the breakout of 4 July , if Litecoin break the resistance line of 53 usd, the next target for the price of ltc will be 65 USD .

3-Ripple :

The price of XRP is up more than 40 percent in the past 24 hours, a move that comes amid a period of heightened volume in global cryptocurrency markets, Ripple has break the resistance line of 0.2 USD and now it’s traded between 0.2 USD and 0.23 USD , if it’s break the resistance line of $0.2500, the next target for the price will be $0.3250 .

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4-Monero :

Monero price reached a new record on Monday, rising to $95 following news that Bithumb, the world’s most-used cryptocurrency exchange, would soon add Monero trading pairs to its platform on 27 August .

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maybe we will see a new all time high for the price of Monero on 27/08/2017 , if the price break out the resistance level of 95 USD .

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

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why bitcoin is not just a bubble in the market?