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Bitcoin, Ethereum & Litecoin - American Wrap: 2/25/2020

February 25, 2020 3:06 pm
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Bitcoin, Ethereum & Litecoin - American Wrap: 2/25/2020

Bitcoin Price Analysis: BTC/USD continues to make lower high and lower low waves

Bitcoin is having a tough time at present as sentiment fails to turn once again on Tuesday.

The 4-Hour chart continues to make lower low and lower highs.

This could suggest a new Elliott wave pattern might be starting to move lower. 

A confirmation of this would be the break of 9,280.00.

The way we can tell it has begun is by the first lower high testing the 76.4% retracement level.

Ethereum Price Analysis: ETH/USD continues to narrow within a bullish pennant

Ethereum price is trading in the red by 1.70% in the session on Tuesday. 

ETH/USD since 13 February has been narrowing, forming a pennant via the daily chart view.

An important area of support should be noted via the $250-40 price range, propping up ETH.

Litecoin Price Analysis: LTC/USD heading for a critical supporting trend line test

Litecoin price is trading in negative territory by 4.30% in the session on Tuesday. 

LTC/USD is now running towards its second consecutive session in the red. 

Critical demand should be noted at the range of $70-65 via the daily. 

Image Sourced from Pixabay


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