Bitcoin, Ethereum & Litecoin - American Wrap: 3/2/2020

Bitcoin Price Analysis: There could be some trouble ahead

Now the price has broken out of the short term trendline, the resistance zone is up next.

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The red 9K resistance line has been significant in the past and it could be again.

Very close to that level is the 38.2% Fibonacci level which also is respected in the crypto world.

Ethereum Price Analysis: ETH/USD narrowing price action suggests of potential trouble

Ethereum price is trading in the green by 4.95% in the session on Monday. 

ETH/USD is at risk of another potential fall, given the recent tight trading range. 

The price has been hit by the market bears for two consecutive weeks. 


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Litecoin Price Analysis: LTC/USD narrowing range block subject to explosive breakout

Litecoin price is trading in positive territory by 7.50% in the session on Monday. 

LTC/USD has been pushing south for two consecutive weeks, with bears in control.

The 2020 gains at risk of a reversal, which has been the case since the bearish evening star formation. 

Image by WorldSpectrum from Pixabay
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