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The Daily Hodl
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Crypto Analysts Recalibrate After Wild Week for Altcoins – BTC, Ethereum, XRP, Litecoin Forecasts

by Daily Hodl Staff
September 19, 2019
in Trading

Crypto analysts are recalibrating after a wild week for altcoins followed by yet another drop below $10k for Bitcoin.

An analyst known in the industry as The Crypto Dog tells his 162,000 followers he’s bullish on Ethereum.

“ETH carrying strong, markets looking very bullish.”

He’s also mocking the much-repeated meme that BTC “will never dip below the $10,000 mark again.”

$btc 5 digits never again ?

— The Crypto Dog? (@TheCryptoDog) September 19, 2019

At time of publishing, Bitcoin has once again climbed above that key psychological barrier, down 1.36% at $10,040, according to COIN360.

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After a brief hot streak, the altcoin market is now mostly in the red.

Ethereum is up 4.05% at $220.70, XRP is down 4.46% at $0.3022, and Litecoin is down 2.39% at $76.98.

Source: COIN360

FXStreet analyst Tanya Abrosimova says Bitcoin remains at risk of further losses in the short term unless it can climb back above $10,250.

“Meanwhile, we will need to see a sustainable move above this handle for the upside to gain traction with the next focus on $10,250 (the middle line of a Bollinger Band on a daily chart)…

On the downside, a move below $9,750 ( the lower line of one-day Bollinger Band) will trigger more sell-off and push the price towards intraday lows of $9,600. This support is followed by $9,300, which is the lowest level from August 30.”

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Here’s a look at the latest forecasts from across the cryptoverse.

Bitcoin

FXStreet – BTC/USD recovers from intraday low, but bearish sentiments are still strong

CoinDesk – Bitcoin price dips to $9.6K as bear cross looms

Ethereum

Crypto Daily – Next line of technical resistance expected around $222.55

XRP

FXStreet – XRP retreating from $0.32 but approaching supports

Litecoin

FX Empire – LTC likely to consolidate before reaching $100 mark towards the end of the year

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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