Vladimir Smerkis of CoinTelegraph; Published weekly price analysis for Bitcoin, Ethereum and Litecoin:
Increasing trading volume for leading digital currencies means that the upward trend in prices may continue even if current prices do not change. So far, trading volume of ETH, BTC and other market leaders remains much lower than in the first half of September.
BTC/USD
–Bitcoin Resistance level rises above $4400 in .. In order for the price to reach historical levels, this level definitely needs to be passed.
-We can say that the nearest support level is between $4000-4100.. Short-term, speculative purchases are in this range.
-It is important for the bears to lower prices below $4000 and keep them in the $3000-4000 range.. In this case, many investors will think that no further growth of Bitcoin is expected in the near future.
ETH/USD
-ETH only managed to reach the mid $315 resistance level and slowly started to move towards the stronger $280 level. Speculative buying near this price is likely to have repercussions for investors.
-Once again, if the price drops below $280 and stays there long enough, it may take some time to return to the max.. The next targeted support levels are $250 and $200
The following resistance level in the $340 region is appropriate, and as another approach, this level can be understood as the start of a new surge in Ethereum price.
LTC/USD
Those who think LTC will make a quick recovery after falling in September will not be happy that LTC/USD is still trading at $51.
-LTC hits pretty high resistance levels at $55 or even $57. It is likely that these levels will not be able to be broken even in the event of the next bullish move.
-LTC has regained its deserved 5th in volume size but Dash’s next wave of growth will push ‘digital silver’ down in this rating.
Price movements between -$42-55 are still very likely. Caution is advised when the price reaches $45.