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Bitcoin, Ethereum, Litecoin: Tight Ranges May Spark Volatility | Webinar

Bitcoin, Ethereum, Litecoin: Tight Ranges May Spark Volatility | Webinar

Nick Cawley, Strategist

Bitcoin, Ethereum, Litecoin: Prices, Charts and Analysis

  • Quiet markets and tight trading ranges.
  • Breaks, either way, are looking likely.

Bitcoin (BTC) Price Stuck Below Trend

The largest cryptocurrency by market capitalization, and de-facto crypto benchmark, Bitcoin remains stuck under a multi-month downtrend and above a noted zone of support. With trading ranges tight and trend lines meeting, the possibility for a sharp break-out is increasing by the day. While lower prices are more likely, a sharp break to the upside in the next few days cannot be discounted and traders should position stops accordingly.

Bitcoin Cash has broken above trend, just, while Ethereum and Litecoin chartsremain negative in the short-term. Ripple’s recent spike higher leaves the chart outlook mixed.

Bitcoin (BTC) Daily Price Chart (February – October 3, 2018)

Bitcoin, Ethereum, Litecoin: Tight Ranges May Spark Volatility | Webinar

We look at Bitcoin, and other cryptocurrencies, at our Weekly Cryptocurrency Webinar every Wednesday.

Cryptocurrency Trader Resources – Free Practice Trading Accounts, Guides, Sentiment Indicators and Webinars

If you are interested in trading Bitcoin, Bitcoin Cash, Ethereum, Litecoin or Ripple we can help you begin your journey. We have an Introduction to Bitcoin Trading Guide along with a Free Demo Account so you can practice trading this volatile asset class.

IG Sentiment Data show how retail are positioned in various cryptocurrencies and how changes in holdings can affect market sentiment.

What’s your opinion on the market? Share your thoughts and ideas with us using the comments section at the end of the article or you can contact me on Twitter @nickcawley1 or via email at nicholas.cawley@ig.com.

--- Written by Nick Cawley, Analyst.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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