Bitcoin, Litecoin, Ethereum Analysis: BTC and LTC Attempting

Bitcoin, Litecoin, Ethereum Analysis: BTC and LTC Attempting Recovery, ETH at Risk?


Bitcoin, Litecoin, Ethereum Analysis: BTC and LTC Attempting Recovery, ETH at Risk?
2021-04-29 04:00:00
Daniel Dubrovsky,
Strategist
Bitcoin (BTC/USD), Litecoin (LTC/USD), Ethereum (ETH/USD), Technical Analysis – Talking Points
Bitcoin is attempting to reverse a drop that cut 20% off its value
Litecoin trying to follow suit, key trendline maintains upside focus
Ethereum pushes into record highs, but momentum appears fading
Bitcoin Technical Outlook
Bitcoin is attempting to recover the top that started in April which trimmed over 20% off its value. The dip followed bearish implications from a brewing Rising Wedge chart pattern, which still remains in play. Recent gains followed a bounced from the 100-day Simple Moving Average and the midpoint of the Fibonacci retracement at 46815.50.

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