Bitcoin (BTC), Litecoin, EOS – The cryptocurrency market has started another week, and we want o forecast: Bitcoin rising market dominance, lateral movement of price between the bands of $3900- $4100 and its market capitalization quite solid for now.
However, the general cryptocurrency market has dropped slightly from the $140 million level.
Bitcoin (BTC) Price Prediction For Weekn 13 And 14
Bitcoin at the time of writing, is quoted at a spot price of $4019.54 USD, losing -0.15% in the last 24 hours. As mentioned, its market capitalization remains above $70 billion dollars, with a daily average of $10 million dollars.
Bitcoin presents a panorama of average prices similar to the current one for the next two weeks in course. According to the drawn pattern of maximums and spikes, there is tendency ifor it to move at an average of $3999.76 USD per unit.
Its movement is marked by Elliot Wave Correction between the lower bands of immediate support S1 ($ 3899.49) and immediate resistance R1 ($ 4060.21).
Our best price forecast could be given if the momentum is strong enough at the ‘4’ point of the Elliot wave by the end of week 13, between the upper bands of R1 ($ 4060.21) and R2 ($ 4160.32) ).
Week 14 for Bitcoin will be a bit of bearish trend, and we could expect it to reach levels of $3899.49 (S1) – $ 3808.56 (S2) in the worst scenario.
However, if the current market capitalization is maintained and there are news encouraging the cryptocurrency at the time, an upward momentum from point ‘5’ could occur at levels again close to R1 ($ 4060.21).
Litecoin (LTC) Price Prediction For Weekn 13 And 14
The fourth most important cryptocurrency per capitalization market, has managed to get ahead of the expected price levels for Q2 2019. As a result, it is normal that we see corrections resulting from the withdrawal of earnings from early investors.
At the time of writing, the silver coin is quoted at a price of $60.11 USD per unit, with a drop of -0.25% in the last 24 hours. It keeps its market capitalization at $3.6 Billion, about 354 million above its closest competitor, EOS.
According to the 1d chart for LTC presented a few days ago, LTC foresees a bearish cross but by the end of week 14, according to the EMA crossing, it is expected to reach a level of $ 56.9 USD per unit approximately.
However, for the two weeks in progress – 13 and 14, LTC is still optimistic, with the possibility of moving between average levels of $60 and $63.18 (R1), as indicated by the 7-day and 15-day EMA crossings respectively, an uptrend in short.
This scenario is ratified by the CMF indicator, which is bullish, with greater money income to the ecosystem, for the indicated period.
EOS Price Prediction For Weekn 13 And 14
The cryptocurrency of Dan Larimer is on the verge of overtaking Litecoin to return to position number four in the general ranking of cryptocurrencies. It has been developing slow but firm with supports in its prices.
At the time of writing, it has a price of $3.66 USD per unit, with a growth of 0.17% in the last 24 hours to bring its capitalization market to $3.3 billion.
For the current period until April 7 (weeks 13 and 14), the cryptocurrency presents an upward trend, ratified for today March 25, according to the EMA crossings at 7 and 15 days for EOS.
It is expected that EOS, over the next two weeks, will slowly meet the double pattern of Elliot Wave triple correction (WXYXZ-WXYXZ) and move in an uptrend rally to the maximum of $ 3.89 (R1). It is expected to reach an average of $3,833 USD at the end of the period studied.
The previous behavior is ratified in short by the Chaikin Money Flow indicator (CMF) and its bullish trend that has already been noted in the chart.