Bitcoin, Ethereum & Litecoin - American Wrap: 12/17/19

Bitcoin Technical Analysis: Short, medium and long term

• The weekly chart is showing that more downside could be on the cards.
• 6270.01 is the main support on the downside and beyond that, the internal trendline might stem some losses.
• If that support is broken then it could lead to some more capitulation based on the signals on the chart.

Ethereum technical analysis: ETH/USD additional pressure is in play following bearish pennant breach

• Ethereum price is trading in the red, down 1.90% the session on Tuesday. 
• ETH/USD has been at the mercy of the bears since losing the psychological $200 price mark. 
• The price running closer towards a big $100 price retest, which could spark further panic selling. 

Litecoin technical analysis: LTC/USD no slowdown of selling pressure with $30 mark eyed

• Litecoin price is trading in the red in the session by some 3.25%. 
• LTC/USD is in firmly heading to the south, following key technical structure breakouts. 
• The next major daily support area of interest is seen down at the $30 price mark. 

Image by Miloslav Hamřík from Pixabay