Similar to all markets, even in cryptocurrencies, traders continue shifting their loyalties from Bitcoin to altcoins, this trend is just for few days, because the hardfork of the bitcoin is on 25/10/2015, this event will increase the demand on bitcoin what will increase the price of bitcoin until 25/10/2017, You can hold your bitcoins until this date and you will make huge profit, but you need to know that the price can dump very hardly after this event .

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The market capitalization of crypto currency has reach today 14,7 Bln, with a btc dominance of 48.8% .

Bitcoin :

Bitcoin show a strong support line from 4114 USD to 4170 USD, if he break this resistance line the price will dump more, and we can see the price around 3700 USD to 3800 USD, but if the price break the resistance line of 4488 USD, the next target will be 4680 USD then 5000 USD, the best trade that you can make is to buy around 4350 USD with a stop lose around 4114 USD to 4170 USD, take your profit around 4600 USD to 4800 , and if the price don’t break the resistance level of 4680 then take profit at 4600 USD, if the price break this support level then hodl and take profit as much as possible .

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Ethereum :

Ethereum has spent the past few days consolidating in a tight range. This shows an equilibrium between both the bulls and the bears. Neither party is able to overpower the other. However, this is unlikely to continue for long. One of the two will emerge as a winner.

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Ethereum show a strong resistance line around 315 USD, if ethereum break this resistance line, the next target will be 340 USD to 350 USD, but it’s don’t break this resistance line it will dump more to 280 USD to 287 usd, you can take a position and buy ethereum around 315.5 USD and take profit around 330 USD, but if the price don’t break this resistance level, try to buy Ethereum as much as deep as possible around 230 USD .

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Litecoin :

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The best way to trade in a range is to buy at the support and sell at the resistance,if the price of LTC break the resistance level of 58 USD, take a long term position an sell around 71 USD with a stop lose around 49 USD, but if the price don’t break this resistance level, the next target of ltc will be 43 USD to 44 USD, this will be a buy opportunity for a long term profit .

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Read also :

bitcoin ethereum bitcoin cash litecoin price analysis october 05