BTCUSD: Last week for the cryptocurrency market has been extremely successful, resulting in the majority of crypto-currencies have lost value from 10% to 20%. Bitcoin, in particular, has depreciated in the moment more than 17% in two days. After a long recovery bears almost overnight were able to take control of the price of the asset and significantly worsen the position of the buyers. At the moment MACD is below the zero mark, but, apparently, its extremum has already been made, so it makes sense to get a long in this coin at around 6660, after the breakdown of the $6640 resistance. Also the price is now actively testing the middle band of the Bollinger Bands, with the successful penetration where the coin also has a good chance to increase in price. However, in case still forces buyers will not be enough to overcome $6460 resistance, we recommend to sell the pair with the BTCUSD $6000, after breaking through $6150 support.
LTCUSD: Pair LTCUSD has also undergone quite a large-scale decline, in which the coin is almost updated the minimum, which was reached on 13 August at $46,9. The fall, just like Bitcoin did not last long, however, this downside momentum negated all the efforts of the buyers in the last month. According to our estimates, the recovery from the current levels, if any, may take at least as much time, i.e. not less than two weeks. Technical indicators read about the downward movement as prevalent, but at the moment the price is above the middle Bollinger band, and near to the recommended moving average that could support the current price level. Buy recommend in case of a bounce from the next support level around $52, but to short in case of breakdown.
ETHUSD: the Ethereum is still trading in a descending channel, updating the lows of every more or less powerful bearish impulse. Yesterday was no exception – the coin again rewrote low at $179, breaking below psychological support at $200. Currently, the MACD continues to remain at the lows on the daily chart, the price is below the middle band of Bollinger Bands, which certainly represents the preponderance of sellers over buyers. In this regard, ETHUSD planned to sell after the rebound from the support 200, in the case of the recovery will remain out of the market because of $245 resistance, located above.