April 25, 2018 |

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BTC/USD Daily Chart Technical Analysis

BCC/USD Daily Chart Technical Analysis

LTC/USD Daily Chart Technical Analysis

Traders took profits on most crypto currencies on Wednesday, but the trend is still upward. BTC/USD ran into resistance near the 200-day moving average at 9,894, which coincides with a downward sloping trend line. Prices have edged back and will likely test short-term support near the 10-day moving average at which could be a buying opportunity at 8,657. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal in overbought territory which points to accelerating negative momentum.Profit taking on BCC occurred near the February highs sending prices lower. BCC/USD moved lower on Wednesday after running into resistance on Tuesday near the February highs at 1,669. Support is seen near the 10-day moving average at 1,098. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal in overbought territory which points to accelerating negative momentum. Litecoin prices reversed course forming an outside day reversal and will likely test target support level.LTC/USD reversed course on Wednesday after recapturing the 200-day moving average on Tuesday. The reversal back through the 200-day moving average makes this level short-term support near 154.40. Support is seen near the 10-day moving average at 146.25. Short-term momentum has turned negative as the short-term stochastic generated a crossover sell signal in overbought territory which points to accelerating negative momentum.

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