Cryptocurrencies continue to fall, but technical analysis alert of a potential end to decline.
KEY POINTS OF CRYPTOCURRENCIES
- ETH/USD: The Ethereum could continue its withdrawal up to $ 500
- Ripple: the XRP is changing underneath $ 1
- Litecoin: continued $ 100 BCH/USD decline: pursuit of the retracement up to $ 592
The sell-off of cryptocurrencies continues. All of the major cryptocurrencies are declining since week last due to the rise of the threats of global regulators. In addition, no major catalyst justifies until today a new impetus. Nevertheless, technical analysis shows a State of momentum of the Ripple and the Cash Bitcoin oversold. The Ethereum and the Litecoin should be soon, which suggests to limit the remaining downside potential.
ETH/USD: THE ETHEREUM COULD CONTINUE ITS WITHDRAWAL UP TO $ 500
The Ethereum has traced this morning the entire performance of the beginning of the year (+ 85%), on background of profit taking and aversion to cryptocurrencies generated by the rise of the threats of regulators. Asia regulates more this market emerging, the United States agreed derivatives and Europe expects the G20 to implement a global regulation.